Stellantis said on Monday it would expand its partnership with Toyota Motor Europe (TME) with a new large commercial van, including an electric version. Stellantis will supply TME, a unit of Japan’s Toyota Motor Corp, with the new vehicle for sale in Europe under the Toyota brand, it said. The van will be produced at…
New Australian Prime Minister Says Two Terms Needed to Really ‘Entrench’ Reform
May 31, 2022
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New Australian Prime Minister Anthony Albanese says he wants to see Labor have two terms in government and is calling for the party to be disciplined to ensure it can “entrench” major reforms. In an address to the Labor Party Caucus, Albanese said the centre-left party needed six years to really lock in major programs…
Pay Rates in Renewables Sector Don’t Match Mining Industry: Nationals MP
May 31, 2022
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Outgoing Nationals leader Barnaby Joyce has warned that asking Australians to switch from jobs in the mining sector for positions in the renewable energy sector will not be that simple because, financially, the transition may not stack up. Joyce, who lost the leadership of the regional party to David Littleproud on May 30, also called…
Antipodean Dairy Firms Eye Baby Food Supply to US After Bubs Australia Nod
Dairy companies in Australia and New Zealand are queueing to restock empty shelves in the United States with baby food, after the country recently relaxed its import policy to mitigate one of the biggest infant formula shortages in recent history. New Zealand’s dairy giants Fonterra and a2 Milk, and privately-run Australian firm Bellamy’s Organic confirmed…
AGL Energy Withdraws Demerger Plan, Announces Board Renewal
AGL Energy scrapped its demerger plan on May 30 after facing strong opposition from its largest shareholder–tech billionaire Mike Cannon-Brookes. In its latest statement, the company said that it was unlikely for the demerger proposal to get the necessary support from three-quarters of the shareholders for the proposition at the June 15 shareholder meeting. “While…
Toyota Misses April Global Production Target Due to COVID, Parts Shortage
TOKYO—Japan’s Toyota Motor Corp on Monday said it missed its global production target for April as COVID-19 outbreaks and a parts shortage slowed its post-pandemic recovery. The world’s largest automaker by sales produced 692,259 vehicles last month, a 9.1 percent drop from the same month last year, and falling short of an earlier plan of…
When Will Tesla Likely Drive Into India? Elon Musk Has This Reply
Tesla, Inc.’s India plans did not quite materialize in the way the company’s outspoken chief executive officer Elon Musk may have hoped. The intransigent stance of the Indian government on import duty cuts and its insistence on localizing production did not cut ice with Musk. Following the stalemate, Tesla put its India plans on the…
Elon Musk on Tesla’s Long-Term Growth, Why It Hasn’t Even Reached 0.1 Percent of Future Potential
Tesla, Inc. is now seen as more than a car company, given its foray into energy, AI, and robotics. What Happened CEO Elon Musk reiterated over the weekend that the company’s long-term potential is high. His comments came in response to a valuation framework for Tesla’s shares discussed by Tesla influence and YouTuber Steven Mark Ryan, who…
Former Disney CEO Bob Iger Takes Stake in This $40 Billion Design Company
Bob Iger, the former CEO of Walt Disney Co., has acquired a stake in Australian design company Canva, according to CNBC. More than 75 million customers use the company’s software every month. In addition, after raising funds in September, Canva is now valued at $40 billion. Talking about the new development, Canva spokesman Lachlan Andrews…
LIVE UPDATES: Ukraine Troops Hold Out as Russia Assaults Sievierodonetsk Wasteland
The latest on the Russia–Ukraine crisis, May 31. Click here for updates from May 30. Ukraine Troops Hold Out as Russia Assaults Sievierodonetsk Wasteland Ukrainian forces were still holding out in Sievierodonetsk on Tuesday, resisting Russia’s all-out assault to capture a bombed-out wasteland that Moscow has made the principal objective of its invasion in recent…
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