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BMW spends billions on securing batteries and powertrains for EVs

You may not have heard of CATL, but the Chinese company is the world's third largest EV battery supplier and also supplies electronics manufacturers such as Panasonic and e-bike manufacturers such as BYD. BMW Group will increase CATL's order from four billion euros ($ 4.43 billion) announced last year to 7.3 billion euros ($ 8.09 billion) for a contract from …

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Weekly unemployment requirements in the United States total a total of 227,000 versus 219,000 expected

The number of Americans who applied for unemployment benefits was unexpectedly unchanged at a five-month high last week, suggesting some softening in the labor market. The initial state benefit requirements were flat at a seasonally adjusted 227,000 for the week ending November 16, the highest level since June 22, the Labor Department said Thursday. Last week's data was revised to …

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Charles Schwab is reportedly in talks to buy TD Ameritrade

The deal – if one were to happen – would come a month after both companies announced plans to eliminate commissions for most online trades – a move that is good for customers, but left analysts and investors in these stocks and wondered how Schwab and TD Ameritrade would compensate for the loss of income. Schwab said that it would …

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Mercedes-Maybach GLS revealed as lavish SUV with 4 or 5 seats

Following the extravagant G650 Landaulet that signaled the end of the previous generation G-Class, another Maybach SUV is poised to take the luxury market for a car by storm. This time it is here to stay in contrast to the enterprising G built in limited numbers, the new Maybach GLS 600 4Matic is a regular member of the dual M …

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BMW orders more than 10 billion euros in battery cells

FILE PHOTO: The BMW logo is seen at the LA Auto Show in Los Angeles, California, USA November 20, 2019. REUTERS / Lucy Nicholson BERLIN (Reuters) – German car manufacturer BMW ( BMWG. DE ) stated on Thursday that it had ordered more than 10 billion euro battery cells from the Chinese battery cell manufacturer Contemporary Amperex Technology Co (CATL) …

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Tesla Roadster: Elon Musk says it may not need "key at all"

Elon Musk suggested that the new Tesla Roadster may not "need any key at all" as the prototype is equipped with an interesting door system. When Tesla unveiled the Roadster prototype in 2017, CEO Elon Musk claimed a list of insanely impressive specs, including 0-60 mph in 1.9 sec, 620 miles of range, and more. The specifications are intended to …

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Northern Border Community culture changes as security tightens: NPR

A member of the Royal Canadian Mounted Police holds Scott Wheeler's identification while he asks another officer to collect the passports of Wheeler's passengers. Wheeler was pulled over for unintentional driving into Canada from Canusa Avenue, which is around the US and Canadian border. Ian Thomas Jansen-Lonnquist for NPR hide caption to change caption Ian Thomas Jansen-Lonnquist for NPR A …

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Stocks stumble when the HK bill impedes US-China trade

LONDON (Reuters) – Global equities slipped further on Thursday as the gap between the world's two largest economies went beyond trade, reducing the odds of a "phase-one" deal this year, forcing investors to seek shelter in safe harbor assets. FILE PHOTO: German stock price index DAX graph is depicted on the Frankfurt Stock Exchange, Germany, November 14, 2019. REUTERS / …

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