General Motors Co (NYSE: GM) robotaxi unit Cruise is eyeing cost cuts this year as mounting losses in the autonomous vehicle companies sparked investor concerns. "We'll continue to look at hardware, software - both in terms of component costs as well as the quantity of components that are on the vehicle - and continue to drive cost out as we move forward," Reuters reports citing Cruise's COO Gil West at a technology conference. At Cruise, General Motors burned through nearly $2 billion last year Read More...
Reuters
Major copper producers unveil plan to reach net zero emissions by 2050
A group of the world’s biggest copper producers said it aimed to slash direct and indirect greenhouse gas emissions to zero by 2050, in a move that could make the sector more attractive to environmentally-conscious investment funds. With copper demand forecast to double to 50 million tonnes by 2050 from 2020 levels, the International Copper Association’s (ICA) roadmap released on Tuesday set a target for members to cut direct and indirect emissions by 30% to 40% by 2030, and by 70% to 80% by 2040, before reaching zero by 2050, it said. Members include BHP Group Chile’s Codelco, Glencore, Freeport-McMoRan, Japan’s JX Nippon Mining & Metals Corporation and Poland’s KGHM.
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