Nissan to invest $17.6 billion over next five years on proprietary battery development
CBSN
Nissan said Monday it is investing 2 trillion yen ($17.6 billion) over the next five years on developing a less expensive yet more powerful battery to boost its electric vehicle lineup.
Makoto Uchida, the Japanese automaker's chief executive, said 15 new electric vehicles will be available by fiscal 2030. Nissan Motor is aiming for a 50% "electrification" of the company's model lineup, under what Uchida called the "Nissan Ambition 2030" long-term plan. Electrified vehicles include hybrids and other kinds of environmentally friendly models other than just electric vehicles.
"Nissan will continue to evolve its lithium-ion battery technologies and introduce cobalt-free technology to bring the cost of battery packs ... by 2028," the company stated in a press release. With automakers pledging to soon make most of their vehicles electric, lithium demand is expected to increase as much as tenfold in the next decade.
Washington — A federal judge in Seattle temporarily blocked President Trump's new executive order that seeks to eliminate birthright citizenship.
The Sackler family and Purdue Pharma, the maker of the addictive painkiller oxycontin, have reached a $7.4 billion settlement with a bipartisan coalition of 15 states for fueling the opioid crisis, New York Attorney General Letitia James announced Thursday.
Washington — The Senate is poised to confirm John Ratcliffe as CIA director on Thursday as Republicans work to approve officials to the top posts in President Trump's administration amid delays by Democrats.
More than two years after recalling about 1.7 million Ionic smartwatches sold globally, Google-owned Fitbit will pay a $12.2 million penalty for failing to alert consumers that the products can overheat and cause burns, federal regulators said Thursday.
Secretary of State Marco Rubio is preparing to travel to Panama, Costa Rica, Guatemala and other Central American and Caribbean nations in the coming weeks, multiple sources confirmed to CBS News.
A court in India has sentenced five men to death for the gang rape and murder of a teenager as well as the killing of her father and toddler-aged niece.
Dubai, United Arab Emirates — Saudi Arabia's crown prince said Thursday the kingdom wants to invest $600 billion in the United States over the next four years, comments that came after President Trump put a price tag on returning to the kingdom as his first foreign trip.
Two Native Hawaiian brothers who were convicted in the 1991 killing of a woman visiting Hawaii allege in a federal lawsuit that local police framed them "under immense pressure to solve the high-profile murder" then botched an investigation last year that would have revealed the real killer using advancements in DNA technology.
Attorneys for a man charged with murder in connection with the killings of four University of Idaho students are asking a judge to throw out most of the evidence in the case because they say it all hinges on an unconstitutional genetic investigation process.
Nominations for the 97th annual Academy Awards are being announced Thursday morning after being delayed twice due to the Los Angeles area wildfires.
In one of his first acts after returning to the Oval Office this week, President Trump tasked federal agencies with developing ways to potentially ease prices for U.S. consumers. But experts warn that his administration's crackdown on immigration could both drive up inflation as well as hurt a range of businesses by shrinking the nation's workforce.
Seven San Antonio, Texas police officers were shot by a barricaded suspect Wednesday night, the city's police chief said. The suspect was found dead from a gunshot wound, he added.
A barricaded suspect shot and wounded four police officers Wednesday night who had responded to a residential call in San Antonio, Texas, officials said.
Ali Alfarajalla, a Baghdad-born realtor in Dearborn, Michigan, normally votes for Democrats, but this election was a different story.
President Trump on Wednesday named Sean Curran to serve as director of the U.S. Secret Service.
Howard Lutnick, the billionaire financial executive named by President Trump to head the Commerce Department, has agreed to divest his holdings in a range of business interests, including stepping down from his longstanding position as head of the brokerage and investment bank Cantor Fitzgerald.
Meta is denying claims circulating on social media that it forced Facebook and Instagram users to follow President Trump's official accounts, saying the changes some users noticed were standard practices tied to the transition of the POTUS account from the previous administration to the incoming one.