South Korea’s SK Innovation to build its first U.S. EV battery plant
South Korea’s SK Innovation said on Monday it will spend 1.14 trillion won ($1.01 billion) to build its first electric vehicle (EV) battery plant in the United States to better compete in the global EV battery market.
Bitcoin extends falls as selloff in crypto currencies resumes
Bitcoin extended its falls on Monday to $3,843, down more than five percent from the day’s highs on renewed selling in cryptocurrencies.
Mitsubishi Motors ousts Ghosn as chairman, follows Nissan’s footsteps
Mitsubishi Motors Corp said on Monday its board removed Carlos Ghosn from his role as chairman, following his arrest and ouster from alliance partner Nissan Motor Co last week for alleged financial misconduct.
VW, Ford alliance borne out of need to adapt to fragmented markets
The proposed alliance between Volkswagen and Ford shows that the days of carmakers going it alone are over, as tariffs, new technology and tougher emissions rules fragment markets that were once global.
Factbox: Auto industry megamergers and alliances
FiatChrysler’s late Chief Executive Sergio Marchionne argued for deeper auto industry consolidation in an April 2015 presentation which said 50 percent of carmakers’ research and development investments were being wasted on duplicate efforts.
Total has ‘Uber-like’ ambitions to shake up French power market
Total’s French retail electricity arm is on track to win 700,000 customers this year, challenging former state monopolies EDF and Engie with a low-cost, digital service it believes could mimic Uber’s success in the taxi market.
Oil prices claw back some losses after ‘Black Friday’ plunge
Oil prices on Monday clawed back some losses from a nearly 8-percent plunge the previous session, but Brent failed to hold above $60 per barrel amid generally weak financial markets.
Ghosn in firing line again as Mitsubishi Motors board meets
Mitsubishi Motors Corp’s board will meet on Monday to remove Carlos Ghosn from his role as chairman after his arrest and ouster from alliance partner Nissan Motor Co last week for alleged financial misconduct.
Luxury goods group Kering steps up digital strategy with new Apple deals
French luxury goods group Kering announced new measures to step up its digital and e-commerce presence, which is among its fastest growing areas, including new partnerships with Apple Inc..
Brent crude oil jumps back over $60 after ‘Black Friday’ plunge
Oil prices on Monday clawed back some losses from a nearly 8 percent plunge the previous session, with Brent jumping back above $60 per barrel, but sentiment remained weak amid a broad sell-off in financial markets in past weeks.
