SEOUL, July 14 Reuters Hyundai Motor Co on Thursday launched its first electric sedan, Ioniq 6, which the South Korean automaker is betting will help it grab a bigger share of the electric vehicle EV market dominated by Tesla Inc . The Ioniq 6 is one of more than 31 electric models that Hyundai Motor Group […]

WILMINGTON, Del., July 12 Reuters Twitter Inc sued Elon Musk on Tuesday for violating his 44 billion deal to buy the social media platform and asked a Delaware court to order the world39;s richest person to complete the merger at the agreed 54.20 per Twitter share. Musk apparently believes that he unlike every other party subject […]

July 11 Reuters A federal judge said Subway can be sued for allegedly deceiving customers about its tuna products, including a claim it uses other fish species, chicken, pork and cattle instead of the advertised 100 tuna. U.S. District Judge Jon Tigar in San Francisco called it premature to accept Subway39;s argument that any presence […]

SEOUL, July 12 Reuters Hyundai Motor Co said on Tuesday it would build a dedicated electric vehicle EV factory in South Korea that will become its first automobile plant to open in the country in almost three decades. Production is due to begin by 2025, the company39;s union said in a statement, relaying a pledge that […]

July 12 Reuters Walmart Inc has struck a deal with Canoo Inc to buy 4,500 electric vehicles as part of the U.S. retailer39;s goal to achieve netzero emissions by 2040. Shares of Canoo jumped about 37 in trading before the bell, after Walmart said on Tuesday that it also had an option to purchase up to 10,000 […]

July 12 Reuters PepsiCo Inc raised its fullyear revenue forecast on Tuesday as consumers bought more sodas and snacks even in the face of rising prices. The company39;s shares rose about 1.3 to 172.70 in premarket trading. Packaged food makers have so far felt little impact of decadeshigh inflation on consumer demand, especially in the United […]

TOKYO, June 29 Reuters Toyota Motor Corp39;s global production for the first five months of 2022 fell 9.7 short of its own target on average, raising questions about whether the Japanese automaker will be able to maintain its current target for the year. The world39;s largest automaker by sales said it produced 634,940 vehicles in […]

BERLIN, July 8 Reuters Munichbased carmaker BMW sold nearly a seventh fewer vehicles in the first half of 2022 compared with the same period in 2021 amid chip shortages and intermittent lockdowns in China. From January to June, 1.16 million BMWs, Mini and RollsRoyces were delivered, the group said on Friday. That was 13.3 fewer than […]

July 5 Reuters AstraZeneca agreed to acquire biotechnology firm TeneoTwo Inc in a deal worth up to 1.27 billion on Tuesday, in a move to bolster its roster of therapies to treat blood cancers. At the heart of the deal is the U.S.based company39;s early stage experimental treatment for a form of NonHodgkin39;s lymphoma, a type […]

OSLO, July 7 Reuters Norway39;s Equinor said on Thursday its secondquarter results would be positively impacted by between 400 million and 550 million from trade in natural gas derivatives used to hedge its physical deliveries. The oil firm has earned record profits from soaring oil and gas prices and is widely expected to see a further […]