Carmakers face soaring metal costs with Russian supplies at risk

LONDON, March 8 (Reuters) – Saving up for a new ride? Better start putting more cash aside. Russia’s invasion of Ukraine is ramping up the price of metals used in cars, from aluminum in the bodywork to palladium in catalytic converters to the high-grade nickel in electric vehicle batteries, and drivers are likely to foot … Read more

Russia’s offer to foreign firms: stay, leave or hand over the keys

Customers shop at an IKEA store in Omsk, Russia, March 3, 2022. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register Sweeping Western sanctions create investor minefield SocGen warned it might be stripped of Russian assets Pirelli’s Russian plants continue, others seek exit Banks count the every changing cost of sanctions MOSCOW, March 4 … Read more