05:04 AM EDT, 04/15/2024 (MT Newswires) -- Phoenix Motor ( PEV ) said Monday it expects Q1 revenue to reach a record $8 million to $9 million, up from $1.8 million a year earlier. The company attributed the expected revenue growth to a number of strategic initiatives, including the launch of new products and its acquisition of Proterra's transit business....

BRUSSELS (Reuters) - German airline Lufthansa has offered concessions aimed at securing EU antitrust approval for its acquisition of a minority stake in Italian carrier ITA Airways, an update on the European Commission website shows. The EU executive did not provide details of the remedies, in line with its policy, and is expected to seek feedback from rivals and customers...

April 15 (Reuters) - The Biden administration will award up to $6.4 billion in grants to South Korea's Samsung to expand its chip production in central Texas as part of a broader effort to expand U.S. chipmaking, the Department of Commerce said on Monday. The funding, from the 2022 Chips and Science Act, will boost chip production for the aerospace,...

April 15 (Reuters) - Italy's Prysmian CEO-designate Massimo Battaini tells a conference call : * ENCORE WIRE ACQUISITION WILL ALLOW US TO REACH BUSINESS PLAN TARGETS IN ADVANCE * WE WILL STILL WATCH MARKET FOR BOLT-ON M&A OPPORTUNITIES, WE STLL WANT TO GROW IN TLC Further company coverage: (Reporting by Milan newsroom) ...