Business

Qantas loses court fight over COVID lockdown layoffs

Qantas illegally sacked 1,700 ground staff during COVID-19 lockdowns, Australia's High Court ruled Wednesday, dismissing an appeal by the airline and opening up the prospect of hefty compensation.

Automotive

Volvo's shares up after record first quarter profits

Volvo Group's shares were up seven percent Wednesday after the Swedish truck-maker posted record first-quarter earnings, in a sign of an easing of supply chain disruptions and high costs that have plagued the auto industry.

Automotive

Stiff EPA emission limits to boost US electric vehicle sales

The Biden administration is proposing stiff new automobile pollution limits that would require up to two-thirds of new vehicles sold in the U.S. to be electric by 2032, a nearly tenfold increase over current electric vehicle ...

Energy & Green Tech

4 in 10 say next vehicle may be electric: Poll

Many Americans aren't yet sold on going electric for their next cars, a new poll shows, with high prices and too few charging stations the main deterrents. About 4 in 10 U.S. adults are at least somewhat likely to switch, ...

Business

Tesla says its 4Q profit rose 59%, expects strong demand

Tesla on Wednesday posted record net income in the fourth quarter of last year, and the company predicted that additional software-related profits will keep its margins higher than any other automaker.

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