SAN FRANCISCO (Reuters) - General Motors' ( GM ) decision to pull the plug on its troubled Cruise robotaxi business highlights the harsh reality facing others still in the race: it requires a long-term commitment to perfect the technology and deep pockets to fund it. Autonomous vehicle (AV) developers are hoping for more favorable regulation under President-elect Donald Trump to...

PARIS, Dec 11 (Reuters) - Battery maker Automotive Cells Company (ACC) is set to sign a new loan to finance the second production block of its gigafactory in northern France, a company spokesman said, as it ramps up output despite Europe's sluggish electric vehicle market. The loan, guaranteed by ACC's two main shareholders, car makers Stellantis ( STLA ) and...

08:23 AM EST, 12/11/2024 (MT Newswires) -- GXO Logistics ( GXO ) said Wednesday that it has extended its agreement with Guess? (GES) in Italy and the Netherlands by almost 10 years to 2032. Financial terms were not disclosed. GXO said it has managed logistics for Guess? in Italy since 2011 and the Netherlands since 2017, providing distribution, tax operation,...

08:21 AM EST, 12/11/2024 (MT Newswires) -- Mondelez International ( MDLZ ) said Wednesday its board approved a new up to $9 billion share buyback plan and maintained its quarterly dividend of $0.47 per share. The company said the share buyback approval, effective Jan. 1, will run through the end of 2027 and replace the existing $6 billion program, which...