Industry

Industry

Ford Trims its Stake in Rivian to 1%

For a while there, it seemed like Ford’s efforts to go electric would go hand-in-hand with Rivian’s.The iconic automaker became a minority partner in the promising electric pickup-and-SUV startup, and even began drawing up plans for a jointly developed model.But...

Industry

Russia announces cut to oil output

MOSCOW (AP) — Russia announced Friday that will cut oil production by 500,000 barrels per day next month after Western countries capped the price of its crude over its action in Ukraine.“As of today, we fully sell all our crude...

Industry

Steel Makers Abandon $460M Deal for Louisiana Plant

A pair of global steel manufacturers have walked away from a nearly half-billion dollar deal after federal antitrust officials raised objections.For Similar Content: Subscribe to Daily NewslettersTenaris, a global steel giant based in Luxembourg, last year announced plans to acquire...

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