BP’s chief aims to more than double market value to $200bn

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  Lucid CEO steps down; EV maker plans to more than double production in 2025

  Electric vehicle maker Lucid Group on Tuesday said CEO Peter Rawlinson is stepping down as the company expects to more than double vehicle production this year to 20,000 units.
  
  NBC News - 1d

• Lucid CEO steps down; EV maker plans to more than double production in 2025

  Lucid said Marc Winterhoff, currently the company's chief operating officer, has taken over as interim CEO.
  
  CNBC - 1d

• Tesla's market cap sinks below $1 trillion as stock slumps more than 8%

  Tesla shares have dropped dramatically since peaking in December, and Tuesday's decline pushed the company's market cap below $1 trillion.
  
  CNBC - 1d

• Lucid aims to double EV production this year, stock rallies nearly 10%

  Shares of Lucid Group Inc. shot up in after-hours trading Tuesday after the luxury EV maker narrowed its quarterly loss and announced a CEO change.
  
  MarketWatch - 1d

• Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset

  British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a fundamental strategic reset.
  
  CNBC - 1d

• BP’s going back to petroleum as it plans more oil spending and production

  Embattled oil major BP on Wednesday unveiled what it billed as a strategic reset, planning to increase oil and gas investment while reducing outlays for greener fuels.
  
  MarketWatch - 1d
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  BP to abandon pledge to cut oil and gas output as chief fights for group’s survival

  Auchincloss must convince activist investor Elliott Management he can turn around troubled oil major
  
  Financial Times - 2d
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  More than 40,000 items knitted for Ukraine appeal

  Yahoo News - 4d
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  Amazon paid more than $1bn to take creative control of James Bond

  007 stars offer mixed reactions to deal with the British-American heirs to the film producer Albert ‘Cubby’ Broccoli. Business live – latest updates Amazon has paid more than $1bn for ...
  
  The Guardian - 6d

More from Financial Times

• 

  US to boost tariffs on China and push ahead with Canada and Mexico levies

  Donald Trump says tariffs on America’s biggest trading partners to go into effect on March 4
  
  Financial Times - 45m
• 

  DeepSeek spreads across China with Beijing’s backing

  AI start-up’s models are being rapidly adopted by state-owned enterprises, hospitals and local governments
  
  Financial Times - 12h
• 

  Can Starmer rise to meet his Bismarck moment?

  Labour will use the geopolitical crisis to defy its own members about the new priorities for a rearming economy
  
  Financial Times - 2h
• 

  UK delays final approval for second runway at Gatwick pending changes to plan

  Conditional decision comes as ministers bet on expansion of London’s airports to boost economic growth
  
  Financial Times - 1h
• 

  UK competition regulator will review fewer global deals, says boss

  CMA head also warns it will not be ‘open season’ for takeovers harmful to consumers
  
  Financial Times - 40m

More in Business

• Nvidia is biggest chip player. But it also leads by this metric — which may surprise you.

  These 15 companies are expected to show the highest compound annual growth rates for revenue from calendar year 2024 through calendar year 2026.
  
  MarketWatch - 8m
• 

  What to Know About Filing Your Tax Return as the I.R.S. Sheds Workers

  How to avoid delays, check the status of refunds and contact the Internal Revenue Service with problems.
  
  The New York Times - 8m

• Ad giant WPP says economic uncertainty is building. Its stock is sliding.

  WPP, the world’s largest advertising company, saw its shares plunge on Wednesday after it forecast that sales may drop this year.
  
  MarketWatch - 11m

• Standard Chartered still sees bitcoin hitting $500,000 despite recent selloff

  Bitcoin earlier this week sank to a three-month low below $90,000 amid declines in global equity markets.
  
  CNBC - 11m
• 

  Andrew Tate leaves Romania for Florida after travel restrictions lifted

  Rightwing influencer and his brother were being held on multiple charges including sexual exploitation
  
  Financial Times - 14m