Bloomberg Having zipped from six-figure sedans to Costco-crushing SUVs, electrification is finally zeroing in on the auto industry’s most esoteric form: the tiny pickup truck. At least two major carmakers are considering adding small, battery-powered pickups to their growing parade of EVs. At General Motors Co., spokesman Stuart Fowle says a pint-sized pickup is one of several electric options ...

  Bloomberg Global smartphone shipments suffered their worst quarterly drop on record in a clear sign of cooling consumer demand that signals more pain for manufacturing hubs like South Korea and Vietnam. Shipments declined 18.3% in the December 2022 quarter compared to a year earlier, to a little over 300 million units, Needham, Massachusetts-based IDC said. For the year, shipments ...

  Bloomberg Hyundai Motor Co. will invest 10.5 trillion won ($8.5 billion) over the course of 2023, according to an exchange filing, as it moves to electrify more of its fleet to sate rising consumer demand for cleaner cars. The money will be spent primarily on research and development and on building a new plant in Georgia, the Seoul-based automaker ...