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New vendors are rushing to plug into the electric car market

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WOKING, England, Jan 23 (Reuters) – The global auto industry has committed $1.2 trillion to the development of electric vehicles (EVs), providing a golden opportunity for new suppliers to grab contracts supplying everything from batteries to motors and inverters. Startups specializing in batteries and coatings to protect electric vehicle parts, and suppliers traditionally focused on …

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Exclusive: Geely plans to turn London black cab maker into powerhouse

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COVENTRY, England, Jan 23 (Reuters) – China’s Geely (0175.HK) is planning a big investment to transform the maker of London’s iconic black cabs into a high-volume all-electric brand with a range of commercial and passenger vehicles, unit leaders told Reuters. London Electric Vehicle Company (LEVC) is also aiming to expand its range of services, which …

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Powell: Fed needs independence to fight inflation, should avoid social policy

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STOCKHOLM, Jan 10 (Reuters) – The Federal Reserve’s independence from political influence is key to its ability to fight inflation, but requires it to stay clear of issues like that climate change that go beyond its mandate established by Congress, Fed Chairman Jerome Powell said on Tuesday. . “Restoring price stability when inflation is high …

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Eisai and Biogen Receive US FDA Approval for Alzheimer’s Drug and Seek Full Approval

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Jan 7 (Reuters) – The U.S. Food and Drug Administration on Friday approved Alzheimer’s disease drug lecanemab, developed by Eisai Co Ltd (4523.T) and Biogen Inc (BIIB.O) for patients in the early stages of mind sickness. Eisai and Biogen said on Saturday that the Japanese drugmaker had sought full FDA approval for the drug. The …

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Driver and YouTube star Ken Block dies in snowmobile accident

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Jan 2 (Reuters) – Pro rally driver Ken Block, who later became an internet sensation with his daring stunts behind the wheel, died aged 55 after a snowmobile accident, his team Hoonigan Racing said on Monday. “It’s with our deepest regrets that we can confirm that Ken Block passed away in a snowmobile accident today,” …

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Musk delivers first Tesla truck, but no updates on production, pricing

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Tesla ships first Semi to PepsiCo five years after unveiling it No details on orders or capacity for electric trucks Semi uses existing Tesla cars to come up with a new Supercharger Dec 1 (Reuters) – Tesla Inc’s (TSLA.O) chief executive Elon Musk delivered the company’s first heavy-duty tractor-trailer to PepsiCo (PEP.O) on Thursday without …

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