Page 11 - Dan Ammann News Today

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Fossil fuel giant Exxon is betting its U.S. lithium operation will power a new generation of electric cars.

Exxon Mobil said on Monday it plans to start producing lithium from subsurface wells by 2027 to provide supplies of the key metal used in electric-car batteries and advanced electronics. Exxon said it will start production from briny waters pumped out of the ground in an area in the state of Arkansas known to hold significant lithium deposits to help develop a domestic source of the metal. "In the long term, lithium really is a global opportunity," said Dan Ammann, president of Exxon...

Cruise CEO Kyle Vogt's driverless car company faces its own safety concerns as he contends with angry regulators, anxious employees and skepticism about his management and the viability of a business that he has often said will save lives while generating billions of dollars.

Cruise, General Motors’ self-driving division, knew its cars sometimes had problems detecting children — but kept the vehicles on the road.

The U.S. oil giant has quietly evaluated opportunities to produce lithium from subsurface brine water in Arkansas—a process Exxon says is an extension of its current upstream capabilities.

Californias Department of Motor Vehicles last week accused Cruise of omitting the woman being dragged from a video of the incident it initially provided to the agency. The DMV said the company had "misrepresented" its technology and told Cruise to shut down its driverless car operations in the state.

The company, a General Motors subsidiary, has hired a law firm to investigate how it responded to regulators, as its cars sit idle and questions grow about its C.E.O.’s expansion plans.

Dan Kan (from left to right), COO of Cruise Automation, Kyle Vogt, CEO of Cruise Automation, and Dan Ammann, President of General Motors, Tuesday, November

FuelCell Energy, Inc. (NASDAQ:FCEL) Q3 2023 Earnings Call Transcript September 11, 2023 FuelCell Energy, Inc. beats earnings expectations. Reported EPS is $0.06, expectations were $-0.08. Operator: Good morning. My name is Rob, and I will be your conference operator today. At this time, I would like to welcome everyone to FuelCell Energy Third Quarter 2023 […]