Tag: AUT
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Lamborghini to invest at least 1.8 bln euros in path towards electrification – paper
MILAN, July 1 (Reuters) – Italian supercar brand Lamborghini plans to invest at least 1.8 billion euros ($1.88 billion) to produce a hybrid lineup by 2024 and more to bring out its fully electric model by the end of the decade, Chief Executive Stephan Winkelmann told Il Sole 24 Ore. Lamborghini, part of the Volkswagen ... -
S.Korea’s LGES to review investment plan for $1.3 bln Arizona battery factory
An employee walks past the logo of LG Energy Solution at its office building in Seoul, South Korea, November 23, 2021. Picture taken November 23, 2021. REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register SEOUL, June 29 (Reuters) – South Korean battery maker LG Energy Solution Ltd (LGES) (373220.KS) plans to reevaluate ... -
White House says companies investing $700 million to boost EV charger production
WASHINGTON, June 28 (Reuters) – The White House said on Tuesday that companies are planning to invest more than $700 million to boost U.S. manufacturing capacity for electric vehicle (EV) chargers – actions set to add at least 2,000 jobs and make charging more accessible and affordable. The investments include $450 million earmarked by Volkswagen ... -
Saudi Aramco shows interest in buying Valvoline’s commercial unit – sources
A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register May 25 (Reuters) – Oil giant Saudi Aramco (2222.SE) has approached motor oil and lubricant maker Valvoline Inc (VVV.N) to buy its segment that caters to ... -
Samsung to invest $356 bln over five years in strategic sectors
The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. REUTERS/Kim Hong-Ji/File Photo Register now for FREE unlimited access to Reuters.com Register SEOUL, May 24 (Reuters) – Samsung Group will invest 450 trillion won ($356 billion) in the next five years to accelerate growth in semiconductors, biopharmaceutical ... -
Hyundai Motor Group to invest more than $10 billion in U.S. up to 2025
SEOUL, May 22 (Reuters) – Hyundai Motor Group said on Sunday it would invest an additional $5 billion in the United States by 2025 to strengthen collaboration with U.S. firms in advanced technology. The investments, announced during a visit to Seoul by President Joe Biden, are for robotics, urban air mobility, autonomous driving and artificial ... -
Georgia to announce $7 bln Hyundai EV investment as Biden visits Seoul – sources
The logo of Hyundai Motor Company is pictured at the New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register WASHINGTON/SEOUL, May 19 (Reuters) – Georgia Governor Brian Kemp will announce on Friday that Hyundai Motor Group is investing more ...
