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Tesla, Rivian Reach Conditional Settlement in Poaching Suit

Tesla didn’t disclose specifics, but told a California state judge that it expects to seek dismissal of the case by Dec. 24 upon satisfactory completion of the terms.

November 25, 2024

UBS: Tesla’s Rally Fueled by Investor Optimism, Not Growth

Tesla Inc.’s post-election stock surge has more to do with market exuberance than actual improvement in the fundamentals of its business, UBS Group AG analysts cautioned in a report.

November 25, 2024

Exxon Could Jointly Develop Natural Gas Deposits Off Cyprus

NICOSIA, Cyprus — Exxon Mobil could partner with a consortium composed of Eni of Italy and Total of France to jointly develop gas deposits close to each other off Cyprus’ southern coast.

November 22, 2024

Automakers Urge Trump to Ease Fuel Efficiency Rules

An auto trade group asked U.S. President-elect Donald Trump to ease requirements on making vehicles more fuel efficient and to protect the industry from “unfair” practices by China.

November 21, 2024

Phillips 66 Indicted for Alleged Toxic Sewer Discharges

The Texas-based company is accused of discharging hundreds of thousands of gallons of industrial wastewater containing excessive amounts of oil and grease.

November 21, 2024

Northvolt Files for Bankruptcy After Failed Rescue Attempts

The move caps months of talks with owners, customers and creditors to find a way for Europe’s rare homegrown maker of EV batteries to continue operations.

November 21, 2024

Biofuel Groups Ask Congress to Extend Expiring Tax Credit

Soybean farmers in seven states are asking Congress to extend current biodiesel and renewable diesel tax credits due to a lack of clarity on a set of new rules ready to take effect in January.

November 21, 2024

Hexagon Doubles Natural Gas System Output With Plant Move

Hexagon Agility opened an assembly and installation plant in Rialto, Calif., on Nov. 21, a move designed to double the natural gas fuel system supplier’s production capacity, it said.

November 21, 2024

Europe, US Push for Oil Funding Curbs Deal to Outlast Trump

The EU, US and other countries are hammering out a plan to throttle tens of billions of dollars of financial support for foreign oil and gas projects before Donald Trump moves into the White House.

November 20, 2024

Exxon Signs Deal to Supply Lithium to Battery Maker LG Chem

Exxon has signed a preliminary agreement to provide battery metal lithium to an LG Chem plant in the U.S., strengthening the oil major’s role in the domestic critical minerals supply chain.

November 20, 2024