Manufactures

Ford ramps up production of F-150 Lightning in pursuit of dominance in the electric pickup market

One of the largest automakers intends to become a leader in the market of mass-produced electric pickups. Ford CEO Jim Farley said the company plans to scale production faster than competitors.

Ford expects to ramp up production capacity in Michigan to 150,000 units a year from the current 40,000. The company said it has been able to establish a supply of lithium-ion batteries, which will ensure stable production.

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg

India and China - Russia's most important trading partners - will not participate, Bloomberg sources said. The price cap plan is still alive after all. However, the price cap will be higher than previously thought. Earlier, U.S. Treasury Secretary Yellen said the price ceiling could be in the range

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