Inclusive Capital recently sent a letter to Nassef Sawiris, executive chairman at OCI. The firm wants OCI’s board to seek strategic options to unlock value.

VinFast CEO says that there is a lot of room for players in the U.S. market as the world moves towards electric vehicles.

Many of Atlassian’s rivals have cut their head count in recent months as rates have moved higher to deal with higher prices. But unemployment remains low.

Lucid plans to build just 10,000 to 14,000 vehicles in 2023, despite factory capacity to build more.

Even if the FDA grants full approval of the Alzheimer’s treatment Leqembi, the rollout will take years.

The cuts come on top of a separate round of layoffs iRobot announced last year.

The world’s biggest drone maker DJI found itself embroiled in the Russia-Ukraine conflict last year.

Ferrari guided to an even stronger year in 2023, boosted by its high-priced sports cars like the Daytona SP3 and the upcoming Purosangue SUV.

Shares of Club holding Apple (APPL) slid to a new 52-week low in midday trading Wednesday, a move that’s in line with our expectations for the iPhone maker.

Nio had expected to deliver up to 48,000 EVs in the fourth quarter, but Covid-linked supply chain issues pushed the Chinese company to cut its guidance.

Micron said it would hit its reduction target through voluntary departures as well as layoffs.

Electric vehicle maker Lucid Group said it has completed a planned $1.5 billion equity offering.

VinFast, Vietnam’s only domestic automaker, announced plans to go public in the United States.

Fisker’s shares closed down 5% after a short-seller claimed its $824 million cash hoard was “tied up” by legal agreements. Fisker denied the allegations.