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Tesla Safety At Centre Of South Korean Trial Over Fiery, Fatal Crash
The driver claimed that the Model X sped out of control on its own and that the brakes failed in the December 2020 accident.
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G7 Coalition Has Agreed To Set Fixed Price For Russian Oil: Report
U.S. officials and G7 countries have been in intense negotiations in recent weeks over the unprecedented plan to put a price cap on sea-borne oil shipments, which is scheduled to take effect on Dec. 5 - to ensure EU and U.S. sanctions aimed at limiting Moscow's ability to fund its invasion of Ukraine do not throttle the global oil market.
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Toyota Cuts Output Target Amid Chip Crunch As Profit Tumbles 25%
Toyota posted a worse-than-expected 25% drop in quarterly profit and cut its annual output target, as the Japanese firm battles surging material costs and a persistent semiconductor shortage
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Uber Shares Surge On Solid Profit Forecast As Rideshare Recovery Defies Inflation
With cities reopening and travel booming, consumers are shifting their budgets to services, Chief Executive Dara Khosrowshahi said, compared to the two years of COVID-led lockdowns when they had limited spending to basic needs.
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Bosch, Mercedes-Benz To Roll Out Fully-Automated Parking At Stuttgart Airport
The function will be available for Mercedes-Benz customers owning an S Class or EQS produced from July 2022 onwards.
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Tesla Crash Trial In California Hinges On Question Of 'Man Vs Machine'
The U.S. Department of Justice is investigating whether Tesla itself should face criminal charges over its self-driving claims, Reuters reported.
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Geely's Zeekr Plans Electric Vehicle Sales In Europe In 2023
Zeekr joins a growing list of Chinese automakers looking to launch or expand sales of electric vehicles in Europe next year, including BYD, Xpeng and Great Wall Motors.
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Verkor Raises 250 Million Euros To Fund EV Battery Megafactory
Verkor, which is based in Grenoble, said investors in the funding round included French bank Societe Generale, German industrial company Siemens and the European Investment Bank, which put in 49 million euros.
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Renault, Google Expand Ties In Automotive Software
The partnership with Google will also help Renault accelerate its "end-to-end digital transformation, from the design of the car to its market launch through its production," Renault Chief Executive Luca de Meo said in a statement.
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China Pledges High-Tech Support For Climate, Environmental Problems
In a new action plan, the Chinese government said it would build a "green technology innovation system" over the 2021-2025 period to tackle air, soil and groundwater pollution, reduce waste and protect ecosystems, noting that current technologies were not mature enough to serve the country's long-term needs.
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Mazda To Invest $11 Billion By 2030 To Procure EV Batteries - Report
Mazda plans to invest 1.5 trillion yen ($10.6 billion) by 2030 to procure electric vehicle (EV) batteries and cooperate with battery supplier Envision AESC.
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Tesla Recalls 3,21,000 U.S. Vehicles Over Rear Light Issue
Tesla is recalling more than 321,000 vehicles in the United States because tail lights may intermittently fail to illuminate.
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French Govt To Consult Over Motorbike Road Tests After Court Order
France government will hold consultations on introducing roadworthiness tests for motorbikes, after the country's highest administrative court ordered it to phase in such inspections in line with European Union regulations.
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Saudi Wealth Fund Sets Up Electric Car Joint Venture With Foxconn
Saudi Arabia's sovereign wealth will make electric cars in the kingdom under a joint venture with Apple supplier Foxconn.
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Ford: U.S. Should Ease 'Foreign Entity' Rules So That More EVs Get Tax Credits
Ford Motor Co said the U.S. Treasury Department should limit the definition of a "foreign entity of concern" to ensure more electric vehicles can qualify for up to $7,500 in consumer tax credits.
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Brazil Road Blockades Disrupting Fuel Distribution Nationwide - Report
Protests blocking Brazilian roads in several states are disrupting fuel distribution nationwide.
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Malian Minister Says Russia Will Ship Food And Fuel To Mali In Coming Weeks
Mali expects Russia to send shipments of fuel, fertiliser and food worth around $100 million to Mali in the coming weeks.
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Oil Up Nearly 2% As Weaker Dollar Offsets China Concerns
Oil prices rose recouping losses from the previous session, on optimism that China could reopen from strict COVID curbs.
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Lyft, Motional To Launch Robotaxi Service In Los Angeles
Lyft and driverless technology firm Motional said that residents in Los Angeles will be able to book robotaxis on the ride-hailing company's app.
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Bond Yields Fall On 10-Year U.S. Yield's Drop Below 4%, Subdued Oil
The benchmark 10-year Indian government bond yield ended at 7.3957%, after rising five basis points (bps) to 7.4454% on Monday.
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