Bloomberg Ford Motor Co says it has secured enough battery supply to build more than half a million electric vehicles (EVs) annually by late next year, a quantum leap above the 27,140 battery-powered cars it sold in the US last year. The automaker has signed contracts with suppliers representing 60 gigawatt hours of annual battery capacity, enough to build …

  Bloomberg Auto CEOs warned for years about effects a costly transition to electric vehicles would have on their margins. But ahead of its landmark potential listing, Porsche is telling investors it can become more profitable focusing on battery power. The Volkswagen-owned sports-car maker sees more potential to raise prices of its EVs than its combustion engine models, Chief Financial …

  Bloomberg Snap Inc falls to its lowest level in more than two years after the company reported disappointing sales, roiled by a major slowdown in ad spending and rising competition for dwindling marketing dollars. Shares of Meta Platforms Inc and Alphabet Inc falls in tandem. Second-quarter revenue grew 13% to $1.11 billion, the company said, falling short of analysts’ …