Bloomberg Toshiba Corp will build a new 300-millimeter wafer fabrication plant for power semiconductors that will more than double its production capacity by March 2025, the company announced. Construction of the new facility in Ishikawa Prefecture in western Japan will take place in two phases, the company said. When the first phase is fully operational, Toshiba’s power semiconductor capacity …

  Bloomberg Ford Motor Co moved to second place in US electric-vehicle sales, behind Tesla Inc. and overtaking General Motors Co., whose Chevrolet Bolt EV has been hobbled by a recall. Ford’s performance was buoyed by the Mustang Mach-E, which notched 27,140 sales in 2021, its first full year on the market, according to a statement. The automaker is tripling …

  Bloomberg Oil has rocketed to a fresh seven-year high near $93 a barrel, and almost every indicator is pointing to the rally extending. The market’s structure is trading at its strongest level in years, indicating scarce supply. Diesel — the fuel that helps power the global economy — is also surging as a cold snap hits the US and …