Category: Industry Focus Areas

December 3, 2020

The automobile industry is undergoing a massive transition process in the past few years. And in recent days, it has gotten even faster and the future seems to be so good. Now, to be honest, this change must have been […]

December 3, 2020

Chevron Corp. said it would cut its annual capital spending budget by 26% next year and sharply through the middle of the decade, as the coronavirus pandemic forces an industrywide reappraisal of fossil-fuel investment. Chevron said it would spend $14 […]

December 2, 2020

Tight inventory levels of Ford Motor’s F-150 pickup due to pandemic-related plant shutdowns earlier this year and production starting for a redesigned model led to a 20.9% decrease in the automaker’s sales in November, the company said Wednesday. The Detroit […]

December 1, 2020

Ousted Nikola founder and Chairman Trevor Milton is the company’s largest shareholder with more than a fourth of the start-up’s shares, and he can sell all of them beginning Tuesday. Milton, who disappeared from the public eye and deleted all […]

November 30, 2020

Ford Motor Co. has chosen its factory in Cologne, Germany, to build a mass-market electric car based on Volkswagen Group’s MEB electric architecture, local media reports said. The automaker will invest 1 billion euros ($1.2 billion) into the factory for […]

November 30, 2020

OPEC+ began two days of potentially complicated talks to hash out the size of its oil-production cuts next year, with the group’s president calling for caution in a fragile market. The coalition that pumps half the world’s crude is debating […]

November 25, 2020

Oil extended gains, trading at its highest level since March, on mounting optimism that recent breakthroughs on a COVID-19 vaccine will lead to a swift recovery in global energy demand next year. Futures in New York on Nov. 25 rose […]

November 24, 2020

Constant and predictable heat is essential for manufacturing processes. Drying materials, heating products and keeping a building at a comfortable temperature for workers all require a great deal of energy. The recent push toward green and lean manufacturing has leading […]

November 24, 2020

Tesla Inc. is smashing through records as its impending addition to the S&P 500 Index has sparked a buying frenzy among investors, pushing the company’s market valuation over the $500 billion mark for the first time on Nov. 24. Shares […]

November 20, 2020

Jaguar Land Rover filed a complaint on Thursday to block U.S. imports of Porsche, Lamborghini, Audi and VW crossovers it says are using its patented Terrain Response technology without permission. JLR, owned by India’s Tata Motors, said in its filing […]