Press Digest-Financial Times - September 21

Reuters has not verified these stories and does not vouch for their accuracy.

• Volvo Cars chief Hakan Samuelsson, who came out of retirement in April 2025 after a slump in the company’s share price and struggles with the costly transition to electric vehicles, will step down.
• Chevron plans to dramatically increase the number of wells it drills next year as part of a surge in spending, which aims to overhaul how the US company searches for oil and gas.
• CATL has developed new battery technology for American vehicles despite the Chinese group being mostly shut out by US trade barriers amid security concerns and tense relations between Washington and Beijing.
• Legend Holdings, the major backer of computer group Lenovo, is working with Goldman Sachs to sell its 90% stake in Banque Internationale à Luxembourg.