Carmaker Stellantis joins forces with France’s CEA for EV battery research

PARIS (Reuters) – Stellantis, the carmaker whose brands include Peugeot, Fiat and Chrysler, announced on Wednesday a partnership with the French state’s CEA research organisation to work on a next generation of battery cells for electric vehicles. WHY IT MATTERS: Carmakers around the world are exploring battery technologies to reduce the cost of electric vehicles […]

US service sector sags in June as orders sink

WASHINGTON (Reuters) – A measure of U.S. services sector activity slumped to a four-year low in June amid a sharp drop in orders, potentially hinting at a loss of momentum in the economy at the end of the second quarter. The Institute for Supply Management said its nonmanufacturing purchasing managers (PMI) index dropped to 48.8 […]

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