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Business, Technology, Fuel, TCA

VW’s EV Expansion in Tennessee Is ‘On Plan’

A VW logo is reflected in the wing mirror of a VW ID electric automobile. A VW logo is reflected in the wing mirror of a VW ID electric automobile. (Krisztian Bocsi/Bloomberg News)

Walls are up enclosing Volkswagen’s new $800 million electric vehicle production site in Chattanooga, Tenn., as factory equipment is shipped in for installation, an official says.

Mike Pare | Chattanooga (Tenn.) Times Free Press
July 22, 2020
Government, Business, Technology, Fuel, Autonomous

Tesla Slashes Deposit for China Customers to Just $143

The Tesla logo is seen outside one of the company's showrooms in Beijing, China. The Tesla logo is seen outside one of the company's showrooms in Beijing, China. (Giulia Marchi/Bloomberg News)

Tesla Inc. lowered the deposit that buyers in China have to put down on its cars, seeking to keep sales momentum in the face of intensifying competition and reductions in the government’s electric-vehicle subsidies.

July 22, 2020
Government, Business, Technology, Fuel

EU Approves Biggest Green Stimulus in History

German Chancellor Angela Merkel, left, and French President Emmanuel Macron walk onto the podium prior to a media conference at the end of an EU summit in Brussels on July 21. German Chancellor Angela Merkel, left, and French President Emmanuel Macron walk onto the podium prior to a media conference at the end of an EU summit in Brussels on July 21. (John Thys/Associated Press)

European governments approved the most ambitious climate change plan to date, agreeing to pour more than €500 billion euros ($559.5 billion) into everything from electric cars to renewable energy and agriculture.

July 21, 2020
Business, Fuel, Breaking News

Pilot Company Names Jimmy Haslam Chairman, Shameek Konar CEO Effective Jan. 1

Jimmy Haslam and Shameek Konar Jimmy Haslam (left) and Shameek Konar by Pilot Company

Pilot Company announced that CEO Jimmy Haslam will be succeeded in the role by current Chief Strategy Officer Shameek Konar on Jan. 1, 2021, at which point Haslam will become chairman of the board and company founder James Haslam will be named chairman emeritus.

Roger Gilroy | Senior Reporter
July 21, 2020
Government, Business, Technology, Fuel, Logistics

Ford, VW Electric Models May Be Delayed by Trade-Secret Fight

The Volkswagen logo sits on an alloy wheel on an automobile in Geneva, Switzerland. The Volkswagen logo sits on an alloy wheel on an automobile in Geneva, Switzerland. (Jason Alden/Bloomberg News)

Ford Motor Co. and Volkswagen AG warned a swirling legal dispute between two South Korean battery suppliers could threaten their plans to start producing electric vehicles in the U.S.

July 21, 2020
Business, Fuel

Brent Crude Rises to Four-Month High on Recovery Hopes

A staircase ascends a storage tank in Port Fourchon, La., on June 11. A staircase ascends a storage tank in Port Fourchon, La., on June 11. (Luke Sharrett/Bloomberg News)

Oil climbed to the highest level since early March in London on July 21 as hopes for an economic recovery from the coronavirus crisis lifted financial markets.

Grant Smith and Sharon Cho | Bloomberg News
July 21, 2020
Government, Business, Fuel

Diesel Slips 0.5¢ After Six Straight Increases

Truck fills up at Mobil gas station Daniel Acker/Bloomberg News

After six consecutive weeks of increases, the national retail price of diesel fuel fell by five-tenths of a cent to $2.433 a gallon from $2.438 the previous week.

Dan Ronan | Associate News Editor
July 20, 2020
Business, Fuel

Chevron to Buy Noble for $5 Billion in Rare Oil-Bust Deal

Chevron sign Kyle Grillot/Bloomberg News

Chevron Corp. agreed to buy Noble Energy Inc. for about $5 billion in shares as the oil giant looks to beef up in the Permian Basin amid the wreckage of the worst crude crash.

July 20, 2020
Business, Technology, Fuel

Nikola Plummets After Warrant Call Creates Selling Pressure

The Nikola Two hydrogen-powered Class 8 tractor. The hydrogen-powered Nikola Two Class 8 truck. (Nikola Motor Company)

Nikola Corp. shares nosedived on July 20 as some investors will now be able to buy the company’s stock at a fraction of recent prices.

Esha Dey | Bloomberg News
July 20, 2020
Business, Fuel, Top 100

Halliburton Rises on ‘Outstanding’ Cuts After Frack Slump

Halliburton signage is displayed alongside storage tanks in Port Fourchon, La., on June 11. Halliburton signage is displayed alongside storage tanks in Port Fourchon, La., on June 11. (Luke Sharrett/Bloomberg News)

Halliburton Co. impressed investors by slashing costs more than expected as the fracking behemoth works its way through an historic shale bust. The shares surged more than 8%.

David Wethe | Bloomberg News
July 20, 2020

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