Renewable Energy Corp. ASA said its subsidiary REC Silicon has experienced a power supply outage with a 100 percent power loss and consequently all of REC Silicon’s manufacturing facilities in Moses Lake, Washington, have been shut down.
Renewable Energy Corp., the Norwegian solar maker grappling with excess capacity and falling demand, declined the most in almost a month in Oslo after announcing production cuts at its Moses Lake plant in the U.S.
Renewable Energy Corp ASA, the solar maker grappling with excess capacity, dropped the most in almost three months in Oslo as weaker-than-expected cash flow and slower cost cuts increased the chance of a dilutive share sale.
Bayerische Motoren Werke AG , the world’s largest maker of luxury autos, will build its first hybrid supercar as part of a broader effort to create more fuel- efficient vehicles and underline its technological prowess.
Bayerische Motoren Werke AG, the world’s biggest maker of luxury vehicles, is sticking to plans to sell the i8 hybrid supercar for more than 100,000 euros ($125,400) when the model reaches customers in about two years.