Automotive

Ford, GM profits fall as sales drop due to chip shortage

The global computer chip shortage cut into third-quarter profits at both Ford and crosstown rival General Motors, with both companies having to temporarily close factories, pinching supplies on dealer lots.

Automotive

Volvo sets IPO for Oct 28, valuing it up to $23 bn

Swedish car brand Volvo said Monday it was planning its Stockholm stock exchange debut on October 28, targeting a market value of up to 200 billion kronor ($23.1 billion, 19.9 billion euros).

Energy & Green Tech

Nuclear option: Earth's climate panacea or poison?

For its supporters, nuclear energy is the world's best—perhaps only—hope to avoid catastrophic climate change. Opponents say it is too expensive, too risky and totally unnecessary.

Energy & Green Tech

What is behind the rising gas prices

The rising price of gas has caused widespread concern across the country over how many consumers will afford to heat their homes this winter. The hike in costs has also seen many providers go under as the costs of supplying ...

Energy & Green Tech

What the explosion in uranium prices means for the nuclear industry

It is a year since Horizon Nuclear Power, a company owned by Hitachi, confirmed it was pulling out of building the £20 billion Wylfa nuclear power plant on Anglesey in north Wales. The Japanese industrial conglomerate cited ...

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