Press Digest: New York Times business news - Dec 3

Samsung SDI

03/12/2024 05:02

Dec 3 (Reuters) - The following are the top stories on
the New York Times business pages. Reuters has not verified
these stories and does not vouch for their accuracy.
    
    - General Motors  GM.N  said it was selling its stake in a
nearly complete battery factory in Michigan to its partner LG
Energy Solution  373220.KS , reducing to three the number of
battery plants the carmaker will operate in the United States.
    
    - A Delaware judge on Monday affirmed an earlier ruling that
rescinded a giant pay package that Tesla  TSLA.O  had awarded
its chief executive, Elon Musk.
    
    - Intel  INTC.O  Chief Executive Pat Gelsinger has been
forced out less than four years after taking the helm of the
company, handing control to two lieutenants as the faltering
American chipmaking icon searches for a permanent replacement.
    
    - The U.S. Energy Department said it is planning to loan up
to $7.54 billion to a joint venture of Chrysler parent
Stellantis  STLAM.MI  and Samsung SDI  006400.KS  to help build
two electric vehicle lithium-ion battery plants in Indiana.


 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))