Nissan at ‘Rock Bottom’ Drops on Dividend Cut, Weak Profit

Bloomberg | May 15, 2019 at 12:11 AM

Nissan Motor Co. shares fell to their lowest since 2012 after predicting annual operating profit below even the most pessimistic analyst’s estimate and cut its dividend for the first time in a decade, giving partner Renault SA a potential opening to push for greater control over their automaking alliance.

Volvo Cars Reaches Key Battery Deal With LG Chem And CATL Of China

Forbes | May 15, 2019 at 12:00 AM

Such EV battery supply agreements are important because traditional automakers have not made their own before, and because supplies such as LG Chem and CATL are capable of rapidly increasing production in order to drive down the cost of plug-in hybrids and battery-electric vehicles.

As More EVs Hit The Road, Blackouts Become Likely

Forbes | May 15, 2019 at 12:00 AM

As the number of electric vehicles rises in major economies, the need to recharge may put undue pressure on residential power grids, eventually leading to widespread power outages. But the solution may not be to spend billions to expand them.