Latest News
Reuters
Dec 1, 2022, 5:02 AM
Taiwan's Foxconn, the world's largest contract electronics maker, said it will build driverless electric tractors for California-based Monarch Tractor at its Lordstown, Ohio, facility starting in early 2023.
1 Min
Reuters | Dec 1, 2022Foxconn Starts To Feel Sting Of Slowing Smartphone SalesApple iPhone assembler Foxconn gave a cautious outlook for the current quarter after posting results that exceeded expectations, citing slowing smartphone demand after a pandemic-fuelled boom.3 mins read
Reuters | Dec 1, 2022S.Korean EV Battery Maker SK On Raises $1.5 Billion In Expansion Push - ReportThe battery unit of energy group SK Innovation Co Ltd has been in talks with a local private equity consortium which includes EastBridge Partners, Korea Investment Partners and Stella Investment1 min read
Reuters | Dec 1, 2022Oil Settles Up As IEA Hikes 2022 Demand Growth ForecastOil prices settled up more than $2 after the International Energy Agency raised its oil demand growth forecast for this year as soaring natural gas prices have some consumers switching to oil.2 mins read
Reuters | Dec 1, 2022Analysis-Oil Prices Turn More Volatile As Investors Exit The MarketTraders and fund managers have left crude oil markets in recent months, dropping activity to a seven-year low amid the worst global energy crisis in decades as investors become unwilling to deal with persistently high volatility.3 mins read
Reuters | Dec 1, 2022GM, LG Energy Solution Considering Indiana For Fourth U.S. Battery PlantGeneral Motors Co and LG Energy Solution are considering a site in Indiana for a fourth U.S. battery cell manufacturing plant, a spokeswoman for the companies' joint venture said.2 mins read
Reuters | Dec 1, 2022German Court Lets Tesla Ads Continue Referring To Autonomous DrivingTesla can continue referring to the capabilities of its driver assistance system and to autonomous driving in its advertising in Germany after a court threw out a complaint against the practice.1 min read
Reuters | Dec 1, 2022China's Huawei Says First-Half Profit Drops 52% As Demand WeakensHuawei Technologies said its first-half net profit more than halved as a difficult economy curtailed demand from customers, compounding woes brought by U.S. technology restrictions.1 min read
Reuters | Dec 1, 2022Indian Ride-Hailing Firm Ola Plans To Start Producing Electric Cars In 2024Indian ride-hailing firm Ola Electric plans to start producing electric cars in India in 2024 with a range of up to 500 km (310 miles), Chief Executive Bhavish Aggarwal said.1 min read
