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Top News In Aut Today - Breaking & Trending Today

Lyft's weak forecast overshadows strong first quarter, shares slump

Lyft Inc forecast a dull second quarter as price cuts in its race with bigger rival Uber to add more riders take a toll on margins, sending the shares of the ride hailing company down 14% in extended trading on Thursday. ....

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Albermarle agrees $1 bln plan to double Australian lithium hydroxide output, state govt says

Albemarle has agreed to double capacity at its lithium hydroxide processing operations in Western Australia to 100,000 tonnes by 2026 and spend more than $1 billion to build two more trains at the facility, the state government said on Wednesday. ....

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US Senator Rubio seeks probe of Ford's Chinese partnership on nickel plant

U.S. Senator Marcio Rubio on Wednesday asked the Biden administration to investigate Ford Motor Co's plan to partner with PT Vale Indonesia and China's Zhejiang Huayou Cobalt in a $4.5 billion nickel processing plant in Indonesia. ....

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Platinum prices surge as speculators bet supply will run short

Platinum prices have shot up as speculators bet that power outages at South African mines and rising demand from auto makers and the hydrogen industry will create supply shortages. ....

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South Korea exports contract for seventh month, longest streak in 3 years

South Korea's exports fell for a seventh straight month in April for their longest losing streak in three years, driven by an extended slump in sales to China and suggesting persistent pressure on the economy from frail global demand. ....

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