You know the auto industry has a giant affordability problem when a manufacturer unveils a concept car whose roof and hood are made from reinforced cardboard. The battery-powered Oli, shown last month by Stellantis NV’s Citroën brand, has a top speed of just 68 miles per hour (110 km) and weighs around 1,000 kg (2,200 lb). For once, the ...

  Executives at the world’s most important chipmaker made a valiant attempt at calming global nerves Thursday over the outlook for the semiconductor sector. But equipment suppliers and investors are unlikely to find much to cheer from Taiwan Semiconductor Manufacturing Co.’s third-quarter earnings. Net income at TSMC beat estimates, but that’s because the company has become a master at managing ...

  Bloomberg Kroger Co agreed to buy Albertsons Cos in a deal with an enterprise value of $24.6 billion that would create a US grocery giant with almost 5,000 stores and annual revenue of about $200 billion. Investors will receive $34.10 for each share in Albertsons, which includes a special dividend, the companies said in a statement. That reflects a ...