Production
Tesla Sales Slow as the Pandemic Hobbles Production
Tesla said Saturday that vehicle deliveries from April through June fell 18 percent from the first quarter of the year, a rare slowdown for the company caused by production problems in China. Tesla sells more electric cars than any other company and, until recently, was expanding rapidly in China, Europe and the United States as […]
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Gas Prices in U.S. Hit $5 a Gallon
HOUSTON — Gasoline prices reached a grim milestone on Saturday, as the national average for regular gasoline reached $5 a gallon. Summer gasoline is nearly always more expensive because demand for fuel takes off around Memorial Day weekend. But this year oil and refined fuel prices have risen to their highest levels in 14 years, […]
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GM’s Mary Barra Has a Plan to Win the Electric Vehicle Race
The daughter of a G.M. die maker, Ms. Barra, 60, grew up in Royal Oak, Mich., and started working at a G.M. plant as an intern at 18 while studying electrical engineering at the company’s technical college, now called Kettering University. Through a G.M. fellowship, she earned a master’s in business administration at Stanford. Since […]
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Why U.S. Oil Companies Aren’t Riding to Europe’s Rescue
“The model has totally changed,” he said. Oil executives also argue that they are spending a lot of money on new oil and gas production but that inflation is undercutting their efforts. Exploration and production spending will rise more than 20 percent this year, but about two-thirds of that increase will go toward paying higher […]
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Jim Farley Tries to Reinvent Ford and Catch Up to Elon Musk and Tesla
Auto experts say the electric F-150, known as the Lightning, must be a success if Ford is to thrive in the age of electric vehicles. Introducing this truck now is equivalent to “betting the company,” said William C. Ford Jr., the company’s executive chairman, who is a great-grandson of Henry Ford. “If this launch doesn’t […]
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Biden will tap oil reserve, hoping to push gasoline prices down.
Energy experts said the reserve release would pack more punch if other countries, like China, also sold oil from their stockpiles. The International Energy Agency, an organization of more than 30 countries, will meet Friday and may recommend further releases from national reserves. Russian oil exports normally represent more than one of every 10 barrels […]
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Loss of Russian Oil Leaves a Void Not Easily Filled, Straining Market
HOUSTON — Before its forces invaded Ukraine, Russia provided one out of every 10 barrels of oil the world consumed. But as the United States and other customers shun Russian crude, the global oil market faces its greatest upheaval since the Middle East tumult of the 1970s. An energy price shock will probably last as […]
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Russia’s Moves in Ukraine Unsettle Energy Companies and Prices
Russia’s recognition of two breakaway regions in eastern Ukraine could threaten important investments of Western oil giants and further drive up global energy prices in the next few weeks. Since the closing days of the Cold War, Russia’s energy-based economy has become entwined with Europe’s. European energy companies like BP, TotalEnergies and Shell have major […]
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Rivian Loses Its Shine as Investors Fret About Production Delays
The company also did not tell investors that its chief operating officer, Rod Copes, a Harley-Davidson veteran, left the company last year. Public companies and those in the process of listing their shares generally disclose the departures of top executives. The news was first reported by The Wall Street Journal. Understand the Supply Chain Crisis […]
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