PRESS DIGEST- New York Times business news - Dec 3

Reuters
03 Dec 2024

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 said it was selling its stake in a nearly complete battery factory in Michigan to its partner LG Energy Solution , 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- A Delaware judge on Monday affirmed an earlier ruling that rescinded a giant pay package that Tesla had awarded its chief executive, Elon Musk.

- Intel 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 and Samsung SDI to help build two electric vehicle lithium-ion battery plants in Indiana.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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