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EV maker Lordstown Motors begins bankruptcy embroiled in disputes

U.S. electric truck manufacturer Lordstown Motors began its bankruptcy case embroiled in litigation, laying out disputes with estranged partner Foxconn, rival electric vehicle manufacturer Karma Automotive, the U.S. Securities and Exchange Commission and several investor. ....

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Australia's Element 25 to supply GM with manganese sulphate

Element 25 Ltd said on Monday it will supply manganese sulphate to General Motors Co from a new facility in Louisiana, as the automaker looks to secure supply of battery minerals for its North American electric vehicle production. ....

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South Korean shares extend losses ahead of Powell testimony

Round-up of South Korean financial markets: ....

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UPDATE 1-Saudi sovereign wealth fund PIF sells McLaren stake to Bahrain -Sky News

Bahrain's state investment fund Mumtalakat is buying preference shares and warrants worth 400 million pounds ($510.48 million) in carmaker McLaren from Saudi Arabia's Public Investment Fund (PIF) and Ares Management, Sky News reported on Wednesday. ....

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Volvo Cars sales up 31% in May

Sweden-based Volvo Cars on Monday posted a 31% rise in sales in May compared with a year earlier, selling 60,398 cars. ....

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