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U.S., EU Launch Formal Group To Discuss Conflict Over EV Subsidies
The talks come as auto manufacturers from Stuttgart to Seoul have been angered by Biden's $430 billion "Inflation Reduction Act", enacted in August and aimed at rolling back climate change and making Washington a world leader in the EV market.

Down On Chips, Toyota Goes Back To Basics With Car Keys
Oct 29, 2022 10:22 AM
"As the shortage of semiconductors continues, this is a provisional measure aimed at delivering cars to customers as quickly as possible," Toyota said in a statement.

Twitter Shares To Be Suspended On NYSE As Musk Nears Takeover: Report
Oct 29, 2022 10:21 AM
The deal's completion would mark an end to a lawsuit by Twitter, which, along with investors, now expects the deal to be completed on its original terms of $54.20 per share.

Musk Wants Twitter To Be 'Most Respected Advertising Platform': Report
Oct 29, 2022 10:21 AM
Musk, Twitter co-founder Jack Dorsey and investors in the deal had previously suggested moving away from advertising and seeking revenue from subscriptions and other means.

Analysis-Ford, VW Pop The Automated-Vehicle Bubble With Argo AI Exit
Oct 29, 2022 10:21 AM
As Ford, General Motors Co and other companies began to realize they would need to step up investment over a longer period of time, "it was never clear what the financial returns were going to be" on automated vehicles, Evangelos Simoudis, an investor, author and corporate adviser

Oil Prices Ease On Chinese Demand Data, Stronger Dollar
Oct 29, 2022 10:21 AM
Brent crude futures for December delivery settled at $93.26 a barrel, down 24 cents, 0.3%, after rising 2% last week. U.S. West Texas Intermediate crude lost $84.58 a barrel, losing 47 cents, 0.6%. Both benchmarks had fallen by $2 a barrel earlier in the session.

Nigeria Orders Final Seizure Of houses, Cars Of Former Oil Minister
Oct 29, 2022 10:21 AM
Alison-Madueke was a key figure in the administration of former President Goodluck Jonathan who served as petroleum minister from 2010 to 2015. She has been dogged by corruption allegations since she left office but denies the charges.

Oil Rises On Strong Crude Demand, Despite China Fears
Oct 29, 2022 10:21 AM
Figures on Wednesday showed record U.S. crude exports, a hopeful sign for demand, even as crude stocks rose. The U.S. dollar weakened in early trade on hopes that interest-rate hikes may become less aggressive.

Tesla Cars Will Not Be Approved As Fully Self Driving This Year, Musk Says
Oct 29, 2022 10:21 AM
Tesla says the cars still need to be driven with human oversight.
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