Berkshire’s lithium venture may supply U.S. automakers, including Tesla: FT
Warren Buffett’s Berkshire Hathaway Inc has signed an agreement to allow extraction of lithium from its geothermal wells in California, a project that could offer U.S. carmakers and battery producers a secure supply of the metal, the Financial Times re…
Ghosn may have had questionable ethics, co-chair of external Nissan probe says
The co-chair of a committee set up by Japanese automaker Nissan Motor Co to examine the root cause of alleged financial misconduct by ousted chairman Carlos Ghosn said he believed Ghosn may have had questionable ethical standards.
Italy regulator gives TIM’s network separation plan thumbs down
Telecom Italia (TIM) has suffered a setback in its plan to assuage pressures for a separation of its prized network assets by placing them into a wholly owned subsidiary, as the industry regulator said it was opposed to the proposal.
ProSieben sees pressure easing as Netflix raises prices
ProSiebenSat.1 Media believes that price increases by U.S. streaming giant Netflix could ease competitive pressures on the German group’s core TV business and is bullish on growth at its e-commerce arm, CEO Max Conze said.
Nissan special committee says carmaker suffered from poor governance
A special committee set up by Nissan Motor Co to examine the root cause of alleged financial misconduct by ousted chairman Carlos Ghosn said it appeared that the Japanese carmaker suffered from poor governance procedures, including director compensati…
Small electric cars may be unaffordable for some: VW chairman to newspaper
The move to electric vehicles will make cars significantly more expensive, meaning they may become unaffordable for people on low incomes in the future, the chairman of Volkswagen said in an interview published on Sunday.
Sorrell’s S4 Capital seeks more deals in digital-only drive
Martin Sorrell is on the lookout for acquisitions to expand his new advertising venture S4 Capital, aiming to capitalize on the disruption sweeping the industry by pursuing a pure-play digital strategy.
India’s SBI says lenders awaiting SEBI decision on Etihad offer for Jet Airways: paper
The State Bank of India (SBI)-led consortium of lenders is waiting for India’s capital markets regulator to decide on a bailout offer by Etihad Airways for the financially stressed Jet Airways , SBI Chairman Rajnish Kumar said, the Business Standard reported on Saturday.
Eurotunnel boss says a second referendum would still back Brexit
Britons would back Brexit again if asked to vote in a second referendum, the head of Eurotunnel said on Sunday.
Toyota, Panasonic to set up EV battery JV in 2020: source
Toyota Motor Corp and Panasonic Corp are set to launch a joint venture next year to produce batteries for electric vehicles (EV) in an effort to compete with Chinese rivals, a source familiar with the matter said.
