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Waymo, Cruise Seek Permits To Charge For Autonomous Car Rides In San Francisco
The companies would not be the first to obtain one of two permits required to operate robotaxis for hire in California.
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Tesla Seeks Entry Into U.S. Renewable Fuel Credit Market: Report
The entry of Tesla and other electric vehicle makers to the renewable energy scheme could attract investment for a much-needed infrastructure network, including charging stations, for electric vehicles.
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Indian Oil Refiners Cut Output, Imports As Pandemic Hits Demand
Indian Oil Corp has reduced runs to an average of between 85% and 88% of processing capacity, adding runs could be cut further as its plants at Gujarat, Mathura and Panipat are facing problems storing bitumen and sulphur.
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Nio Lidar Supplier Innovusion Raises $64 Million In Funding
The funding includes new investments from Singapore state investor Temasek and venture capital firm Joy Capital.
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Dassault Launches 10X 'Flying Penthouse' Jet For $75 Million
Dassault's gamble drew a rapid riposte from rival Bombardier, whose best-selling 19-seat Global 7500 sells for the same price: $75 million in today's dollars.
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India's March Crude Imports Edge Up But Pandemic Concerns Loom
India's annual crude imports fell nearly 13% in the fiscal year 2020/21 to 198.11 million tonnes, its lowest in six years as refiners cut crude processing as COVID-19 destroyed fuel demand.
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Oil Climbs Nearly 2% As Travel Seen Rising
Prices are being supported by the prospect of a pick-up in fuel demand as New York state, New Jersey and Connecticut look to ease pandemic curbs and the EU plans to open up to foreign visitors who have been vaccinated, analysts said.
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India Offers To Lift Regular Saudi Oil Volumes In June After May Cuts: Sources
India urged refiners to diversify crude sources to cut reliance on the Middle East and directed them to reduce intake of Saudi oil. The refiners cut purchases by over a third in May.
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Auto Sector urges U.S. Congress To Help Fund Its Computer Chip Needs
The global chip shortage hit automakers hard after many cancelled orders when plants were idled during the coronavirus pandemic.
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Nikola Warns Of Supply Constraints Of Batteries, Chips And Touch Screens
During a conference call, Nikola said it has enough battery cells to achieve its plan to build 50-100 battery-electric Tre deliveries in 2021.
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U.S. Auto Part Makers Brace For A Bumpy Ride As Chip Shortage To Intensify
The chip shortage came at an inopportune time for automakers as demand rebounded from pandemic lows due to low interest rates and consumers' preference for personal transport amid the health crisis.
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GM's Barra Sees A More Profitable Future Through The Haze Of Chip Shortage
Through the haze of production cuts and supply-chain snafus, some automakers are discovering they can deliver better results without stockpiling vehicles or padding sales volumes with low-priced, low-margin models.
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Cox Automotive Signs Service Deal With U.S. Commercial EV Maker
ELMS plans to launch a small Class 1 electric delivery van at the end of the third quarter, followed by a larger Class 3 truck in the second half of 2022.
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UK's Arrival, Uber To Develop Electric Ride-Hailing 'Arrival Car'
Arrival and Uber will also explore a strategic relationship in key markets, including the United Kingdom, European Union and the United States.
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Volkswagen Expects Chip Supply To Remain Tight In Coming Months
Volkswagen AG has been unable to build 100,000 cars due to the shortage, CEO Herbert Diess said in March, adding the group would not be able to make up for the shortfall in 2021.
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Huge Rise In Coronavirus Cases Hit India's April Fuel Demand
State retailers' fuel sales in April declined from their sales in March and April 2019 levels, while posting a sharp rise from the year ago month when there was a nation-wide lockdown.
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Buffett-Backed EV Maker BYD's Profit Grew 111% In First Quarter
BYD reported 237.4 million yuan ($36.61 million) net profit in the first three months this year.
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Tesla Assures Chinese Car Owners After Auto Show Protest
The incident got wide attention and Tesla apologised to Chinese consumers for not addressing a customer's complaints in a timely way.
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Tesla To Add EV Components Recycling Facilities At Shanghai Factory
Tesla sold more than 35,000 locally-made vehicles last month in China and is exporting China-made cars to Europe.
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AB Volvo Profit Blows Past Forecast, But Chip Woes Beckon
Adjusted operating profit at the maker of trucks, construction equipment, buses and engines rose to 11.82 billion Swedish crowns ($1.41 billion) from 7.14 billion a year ago.
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