Plaintiffs seeking damages against Porsche SE over its failed takeover of Volkswagen in 2008 have been denied access to German prosecutors’ files that might have helped their civil lawsuits.
Daily Archives: August 23, 2013
Tesla will add plants in Europe, Asia for mass-market EVs
Tesla Motors Inc. CEO Elon Musk said the U.S. electric-car maker intends to add factories in Europe and Asia, anticipating volume gains from a planned mass-market battery car.
New oil drilling technologies could give us lots much oil
New oil drilling technologies could increase the world’s petroleum supplies six-fold in the coming years to 10.2 trillion barrels, says a report released yesterday by market research firm Lux Research.
American Big Oil avoiding acquisitions
With the U.S. pumping record amounts of oil, one might assume that the largest oil companies would be basking in the glow-and perhaps working out a deal or two to capitalize on the domestic boom. But they’re not.
The urge may be there to snap up smaller and more nimble oil producers, but analysts say the domestic Big Three ExxonMobil, Chevron and ConocoPhillips are encumbered by sprawling size and underperforming assets that make acquisitions less likely.
Saab gets ready to restart production
Saab’s new owner is seeking to restart production at the automaker’s mothballed factory in Sweden later this year.
