The Latest Breaking News from North America

UBS downgraded Cummins Inc (NYSE:CMI) to Neutral from Buy and reduced the price target to $214 (an upside of 5%) from $260. Analyst Steven Fisher mentions that the North America truck cycle will peak in 2023, with North America trucker profitability expected to peak in 2022 and new emissions regulations in 2024 pushing a pre-buy.…

Stellantis NV (NYSE:STLA) and LG Energy Solution Ltd look to build their new battery plant in Ontario, Canada, Bloomberg reports. The Canadian government’s incentives for clean-energy businesses served as a key driver in attracting the companies to the country. Also Read: Stellantis CEO Looks To Catch Up With Tesla In Coming Years, Russia-Ukraine Crisis Could Dampen…

The first thing that comes to mind when talking about Michael Bay movies are the explosions, gunfire and scenes of cars flipping or helicopters falling from the sky in slow-motion. The man is like a filmmaker on steroids when it comes to big production. No matter how big or small…

The worldwide launch is coming later this year.

Digital asset miner Hut 8 Mining Corp (NASDAQ:HUT) reported fourth-quarter FY21 revenue growth of 346% year-on-year to C$57.9 million. EPS loss was C$(0.67). Hut 8 currently has an installed hash rate of 2.0 EH/s, including the converted hash rate from its fleet of NVIDIA GPUs. As of December 31, Hut 8 had a total…

Plant-based wellness brand PlantFuel partners with distributor Muscle Foods USA reaching more than 6,000 stores across North America

Signet Jewelers Ltd (NYSE:SIG) reported fourth-quarter FY22 sales growth of 28% year-on-year, to $2.81 billion, beating the consensus of $2.77 billion. Same-store sales grew 23.8% versus last year. Brick and mortar sales increased 34.6% to $2.3 billion, and eCommerce sales rose 8.7% to $556 million. North America segment raked in the major chunk…

Li-Cycle Holdings Corp (NYSE:LICY) reported first-quarter FY22 sales of $3.84 million, an 277% year-over-year increase from $1.02 million. Revenue growth was driven by increases in product sales and metal-based prices. Loss from operations expanded to $(18.73) million versus $(6.2) million a year ago. Adjusted EBITDA loss for the quarter was $(16.9) million, compared…

Volkswagen Group (OTC: VWAGY) CEO Herbert Diess said on Tuesday that the German automaker is shifting more production out of Europe to China, North America and Latin America to cope with supply chain issues stemming from Russia’s invasion of Uk

Cruise Saudi - a 100% Public Investment Fund-owned business - is pleased to announce the appointment of Lars Clasen as the company’s Chief Executive Officer. He is a global industry expert with 30+ years of experience in the shipping and cruise industries across Asia, Europe and North America. Fawaz Farooqui,…

Vicinity Motor Corp (NASDAQ:VEV) said it is expanding its strategic U.S. distribution agreement with ABC Companies (ABC), a provider of motorcoach and transit equipment in North America. The ABC distributorship will enable Vicinity's focus on U.S. expansion to market the Vicinity heavy duty mid-size bus, the Vicinity Lightning EV, and the VMC Optimal…