Billionaire Jim Ratcliffe’s Ineos Puts Electric SUV Plan on Hold

📆 7/3/2024 8:51 AM
📰 BNNBloomberg

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Jim Ratcliffe’s Ineos Group is delaying its electric sport utility vehicle, blaming waning consumer demand for EVs and uncertainty around tariffs.

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Billionaire Jim Ratcliffe Says Europe’s Chemical Industry Is a MessThe high cost of energy and carbon have left Europe’s petrochemical industry struggling to compete with the rest of the world, according to Jim Ratcliffe, head and founder of industry giant Ineos Group.
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