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Stellantis is considering tie-up with EVmaker to expand in China: Sources

BLOOMBERG Stellantis NV is considering a tie-up with a Chinese electric vehicle company as Europe’s second-largest automaker by sales seeks to bolster its presence in the world’s biggest auto market, according to people familiar with the matter. The carmaker has explored potentially working with Chinese EV makers including Zhejiang Leapmotor Technologies Ltd, the people said, asking  not to be identified ...

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Tesla investors to get $12,000 each from Musk’s SEC deal

BLOOMBERG A group of Tesla Inc investors stands to recover an average of about $12,000 a head for losses they incurred from Elon Musk’s famous 2018 tweet that he had “funding secured” to take the carmaker private at $420 a share — and then didn’t. The US Securities and Exchange Commission (SEC) aims to pay the investors the $40 million ...

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Ukraine’s slow offensive buoys Putin, worries allies

BLOOMBERG Ukraine’s allies now worry the war is dragging into a long fight that may strengthen Vladimir Putin’s hand as hopes fade that Kyiv’s forces will deliver a definitive breakthrough this year. More than two months into its counteroffensive, Kyiv has so far managed to make only tactical advances against heavily dug-in Russian forces, despite having committed many of the ...

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