07:03 AM EDT, 07/02/2024 (MT Newswires) -- Tesla's (TSLA) sales of China-made electric vehicles dropped by 24.2% 71,007 units in June compared to last year, Reuters said on Tuesday, citing data from the China Passenger Car Association (CPCA). The report said deliveries of Tesla's China-made Model 3 and Model Y vehicles also decreased by 2.2% from May. Shares of the...

STOCKHOLM, July 2 (Reuters) - Electric vehicle (EV) maker Polestar said it will have to take steps to offset hefty EU and U.S. import tariffs on its Chinese-made electric cars as it posted a first-quarter operating loss on Tuesday. The Swedish-based company, controlled by China's Geely, currently makes all its EVs in China. Its new model, the Polestar 3, will...

LONDON, July 2 (Reuters) - Over 12 oil companies, including Exxon, Shell and Brazil's national oil company, have expressed interest in buying a 40% stake in Galp Energia's major oil discovery offshore Namibia, sources close to the sale process said. Galp's Mopane discovery, which is estimated to hold at least 10 billion barrels of oil and gas equivalent, could be...

07:02 AM EDT, 07/02/2024 (MT Newswires) -- Spirit Airlines ( SAVE ) appointed aviation industry veteran Fred Cromer as its new chief financial officer. The appointment, effective July 8, follows the departure of Scott Haralson who left the carrier last month to join rental car company Hertz Global (HTZ) as its finance chief. Cromer served as the president of Bombardier...