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GM Doubles Miles Open To Its Super Cruise Technology
GM said owners of certain vehicles equipped with its Super Cruise assisted driving system will now be able to use it on 400,000 miles (643,740 km) of North American roads.
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BorgWarner To Buy Rhombus In Latest EV Charging Deal
BorgWarner said it would buy electric-vehicle charging provider Rhombus Energy Solutions, the latest deal in the sector as sales of eco-friendly vehicles boom.
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India Cuts Fuel Export Taxes, Hikes Tax On Local Crude
India has cut fuel export taxes for the second time in less than two weeks and increased a windfall tax on locally produced crude oil
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Toyota-Panasonic Battery JV To Buy Lithium From ioneer's Nevada Mine
A joint battery venture of Toyota Motor Corp and Panasonic Corp will buy lithium from ioneer Ltd's Rhyolite Ridge mining project and use the metal to build electric vehicle batteries in the United States.
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Uber Turns Cash Flow Positive For The First Time, Shares Surge
Uber Technologies Inc reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its ride-hailing and food-delivery services.
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Toyota Unit Falsified Emissions Data From At Least 2003, Probe Finds
A major affiliate of Japan's Toyota Motor Corp falsified emissions data on some engines going back to at least 2003, more than a decade earlier than previously indicated, a company-commissioned probe showed recently.
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China's CATL Reshuffles Management As Billionaire Executive Exits
China's CATL said its vice chairman and deputy general manager Huang Shilin had resigned and would leave the battery maker to explore business opportunities elsewhere.
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Shenzhen Accelerates China's Driverless Car Dreams By David Kirton
On a busy downtown street three delivery bikes suddenly dart over the pedestrian crossing ahead of the car. On the car's dashboard they look like small 3D blue blocks from a 1990s video game.
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Nikola To Buy Battery Supplier Romeo Power For $144 Million
Nikola Corp has agreed to buy battery supplier Romeo Power Inc for about $144 million in stock, the electric truck maker said on Monday, in a move that will help jumpstart its efforts to make battery packs.
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Carmaker BYD To Recall More Tang DM Hybrids In China Over Battery Faults - Regulator
Chinese carmaker BYD Co Ltd is recalling more Tang DM vehicles due to faults with the battery pack trays which pose water inflow risks, the country's market regulator said.
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India Shares End At Three-Month High Riding On Auto Rally
Indian shares kicked off August on a positive note, with benchmark indexes hitting a three-month high led by a rally in automobile stocks on the back of robust monthly sales data.
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Mars, Birth Rates, But No Twitter: Elon Musk Captivates Sun Valley Moguls
Musk took the stage at the Allen & Co Sun Valley Conference, an annual gathering of media and technology executives in Idaho, less than 24 hours after he announced he was terminating his $44 billion deal to buy Twitter Inc.
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Global Manufacturers See Chip Shortage Easing
Hyundai turned in its best quarterly profit in eight years on Thursday as a weak won currency lifted the value of its earnings abroad and demand stayed strong for the South Korean automaker's high-margin sport utility vehicles (SUVs).
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Judge In Twitter V. Musk Once Made Rare Ruling: Ordering A Deal To Close
In contrast to Musk's brash and volatile behavior, she is known as soft-spoken, approachable and amiable -- but a person who also stands her ground. She advocates respect among litigants and integrity at legal conferences.
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Burned Twitter Deal Bankers See Silver Lining In Musk's Startups
Musk has been one of Wall Street's biggest patrons, doling out nearly $500 million in fees to investment banks such as Goldman Sachs Group Inc and Morgan Stanley since 2000, mostly for work on Tesla Inc, according to an estimate by Refinitiv
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Oil Rises 2 Per Cent But Posts Weekly Loss On Recession Fears
Brent crude futures rose $2.37, or 2.3%, to settle at $107.02 a barrel. U.S. West Texas Intermediate crude rose $2.06, or 2%, to settle at $104.79 a barrel.
Read More →Oil Tumbles 9 Per Cent On Recession Demand Destruction Fears
Both benchmarks logged their biggest daily percentage decline since March 9 and hit share prices of major oil and gas companies.
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Oil Rises $2 As Dollar Eases, Market Wary Of Fed
Brent crude futures for September settled up $1.95, or 1.9%, at $105.15 a barrel, while U.S. West Texas Intermediate (WTI) crude futures rose $2, or 2.1%, to settle at $96.70 a barrel.
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India Cuts Windfall Tax On Local Crude Sales, Fuel Exports
A windfall tax on domestically produced crude oil was cut to 17,000 rupees a tonne from 23,250 rupees.
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Biden Fails To Secure Major Security, Oil Commitments At Arab Summit
Biden, who began his first trip to the Middle East as president with a visit to Israel, presented his vision and strategy for America's engagement in the Middle East at an Arab summit in Jeddah.
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