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Electric VehiclesBy Abhirup Roy and Nora Eckert (Reuters) – Ford Motor Co has asked its electric-vehicle suppliers to reduce costs in an attempt to support profitability, saying “everything is on the table,” according to a company memo seen by Reuters. Discounts and sharp price cuts from competitors, including EV market leader Tesla, to sustain consumer demand amid high interest rates have forced Ford to reciprocate. To re-ignite demand and stave off competi…See the Story
Ford asks suppliers to cut costs in push to turn EV business profitable, memo says
67% Center coverage: 3 sources
Sanctions · ChileChile's environmental watchdog orders Gold Fields to prove relocation of endangered chinchillas or face sanctions, impacting Salares Norte gold mine...See the Story
Gold Fields falls as rare chinchillas could threaten Salares Norte mine license (NYSE:GFI)
100% Right coverage: 1 sources
Occidental Petroleum · CaliforniaOccidental Petroleum and EOG Resources downgraded by Truist Securities, which foresees minimal shareholder return as Occidental uses most of its free cash flow to reduce debt.See the Story
Occidental Petroleum, EOG Resources tilt lower as Truist downgrades (NYSE:OXY)
100% Right coverage: 1 sources