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Business 12 Nov 2021 | 7:00 AM

ELMS cuts 2021 production plans, citing supply-chain constraints

DETROIT: The United States commercial electric vehicle maker Electric Last Mile Solutions Inc (ELMS) cut its target for the number of electric delivery vans it will build this year, citing the supply-chain constraints.

Technology 11 Nov 2021 | 9:13 AM

Foxconn finalizes $50 million stock deal with Lordstown Motors

(Reuters) - Lordstown Motors Corp said on Wednesday that Taiwan's Foxconn has bought stock worth $50 million from the U.S. electric vehicle maker, finalizing an equity investment announced in September.

Business 29 Oct 2021 | 7:00 AM

The Week That Was

SHARES in other companies linked to Serba Dinamik Holdings Bhd’s boss Datuk Mohd Abdul Karim Abdullah came under heavy selling pressure.