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Chipmaker Infineon Plans 50% investment Boost
Infineon said it would invest around 2.4 billion euros ($2.8 billion) in 2022, up from about 1.6 billion euros this year.
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Ouster Will Buy Sense Photonics, Drive For More Automotive Deals
Ouster CEO Angus Pacala told Reuters acquiring Sense Photonics will accelerate by a year Ouster's effort to land high-volume contracts with auto manufacturers.
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Chipmaker Cree Changes Name To Wolfspeed, Strikes Deal With GM On Battery Tech
The change comes as Wolfspeed has reoriented its business to the growing market for electric cars.
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Audi CEO Sees Chip Shortage As 'Perfect Storm' But Will Get Through It
Audi in July said it had been unable to build a mid five-digit number of cars in the first half of the year.
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Embattled Evergrande's EV Unit Vows To Make Cars Early Next Year
Evergrande NEV has held meeting with suppliers and local authorities in the coastal city of Tianjin where it is building a car plant.
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Stellantis' Alfa Romeo To Launch New Model Every Year To 2026
The Alfa Romeo Tonale, whose production was initially expected to start by the end of 2021, will be presented in March next year, with sales in Italy to begin in June, Imparato said.
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Oil Eases On Profit Taking, Demand Jitters; Stays Near Highest In Years
Prices came under pressure early when China, the world's biggest crude importer, released data showing September imports fell 15% from a year earlier.
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GM To Boost EV Profile With 40,000 Charging Stations In U.S., Canada
The announcement comes just months after the automaker said it had signed agreements with some companies to offer its customers access to nearly 60,000 charging points across the same regions.
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Russia's Delimobil Targets Over $900 Million Valuation In U.S. IPO
Delimobil is one of Russia's biggest car-sharing providers with a fleet of over 18,000 vehicles in 11 cities.
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Uber Partners With Hertz To Offer 50,000 Tesla Rentals To U.S. Ride-Hail Drivers
Uber's announcement comes just days after Hertz on Monday said it would order 100,000 Tesla vehicles by the end of 2022.
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General Motors Rages Against End Of Combustion Age With A 670-HP Corvette
GM said it sold 23,858 Corvettes worldwide in 2020, and 27,376 in the first nine months of 2021. U.S. customers bought more than 24,000 new Corvettes this year.
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Chip Constraints To Stretch Into 2022, Says French Car Sector Body
Problems over semi-conductor supplies could still affect the car industry for a good part of 2022, the head of French car sector body PFA said on Tuesday.
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India's HMEL To Start Bathinda Cracker By March 2022
The cracker at the 230,000 barrels-per-day (bpd) refinery will have an annual capacity of 1.2 million tonnes.
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India Plans Refiners' Joint Oil Deals To Cut Import Bill
With local petrol and diesel prices rising to a record high amid India's worst power crisis in years, the nation wants to redouble its efforts to buy wisely.
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France's Plastic Omnium Cuts Costs As Chip Crunch Hits Sales
Plastic Omnium said it was in talks with suppliers to mitigate the rising costs, exacerbated by the spike in raw material prices.
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Umicore Lowers Profit Forecast As Chip Shortage Bites
Umicore said the impact of lower sales volumes is expected to be offset by a stronger than expected second half performance in cobalt and speciality materials.
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Electric Vehicle Battery Startup ONE Backed By BMW, Gates-Led Firm
ONE is working on a dual battery that combines a structural cell-to-pack design that uses cobalt- and nickel-free cathodes, with a second, high-energy pack that can recharge the first, potentially doubling vehicle range to 1200 km.
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India Targets Major Global Firms For Local Battery Manufacturing: Report
The move is part of a broader $2.4 billion incentive program to boost battery manufacturing for which the government has begun inviting investment proposals from companies.
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Takeover Target Veoneer's Losses Narrow Ahead Of Qualcomm Deal
Chipmaker Qualcomm Inc and SSW Partners said this month they had reached an agreement to buy Veoneer for $4.5 billion.
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Rain Impairs Performance Of Driver-Assistance Technology: Study
During simulated rainfall, 17% of test runs resulted in crashes at speeds of 25 mph (40 km/h), increasing to 33% at speeds of 35 mph (56 kmph).
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