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Reuters

Dec 31, 2022, 5:36 PM

Uber, Motional Launch Robotaxi Service In Las Vegas

The launch is part of a non-exclusive 10-year agreement between both the companies for driverless vehicles, with a rollout in Los Angeles expected to follow.

1 Min

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  Reuters | Dec 31, 2022

  Tesla To Shorten Shanghai Shifts, Delay Hiring - Report

  Tesla's Shanghai plant is grappling with elevated inventory levels amid slowing demand in China's auto market.

  1 min read
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  Reuters | Dec 31, 2022

  German Car Giants And Asian Battery Kings: A Match Made In Hungary

  Investment in the Hungarian auto industry is being dominated by three countries - Germany, a champion carmaker, plus China and South Korea, EV battery leaders way ahead of European rivals.

  7 mins read
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  Reuters | Dec 31, 2022

  U.S. Lawmakers Want Buttigieg To Speed Deployment Of Connected Vehicles

  The lawmakers were critical of the Federal Communications Commission (FCC), which in 2020 shifted much of a key spectrum block set aside for auto safety to accommodate the burgeoning number of wireless devices.

  2 mins read
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  Reuters | Dec 31, 2022

  Foxconn Fine For Unauthorised China Investment Likely To Be Imposed Soon - Report

  A person familiar with the situation told Reuters that the Economy Ministry would contact Foxconn on Monday to confirm the equity sale.

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  Reuters | Dec 31, 2022

  Indonesia Considers $320 Million In Incentives To Boost EV Sales In 2023

  Indonesia targets 20% of overall car sales in 2025 to be EVs

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  Reuters | Dec 31, 2022

  China's BYD To Start Selling Evs In Japan By Early 2023

  China's BYD, in which Berkshire Hathaway owns a stake, said it will roll out an electric sports utility vehicle, ATTO 3, in Japan starting Jan. 31. The car has a cruising distance of 485 kilometres and will cost 4.4 million yen ($32,735.66).

  2 mins read
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  Reuters | Dec 31, 2022

  Siemens, Others Call For Only Zero-Emission Freight Trucks To Be Sold In EU By 2035

  In a letter published on Thursday the group said its signatories "urge the European Commission to set all new freight trucks on a path to zero emission from 2035," with a five-year exemption for vocational vehicles such as construction, mining and timber trucks that will require longer to develop and produce at scale.

  1 min read
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  Reuters | Dec 31, 2022

  How A Secret Software Change Allowed FTX To Use Client Money

  In mid-2020, FTX's chief engineer made a secret change to the cryptocurrency exchange’s software. He tweaked the code to exempt Alameda Research, a hedge fund owned by FTX founder Sam Bankman-Fried, from a feature on the trading platform that would have automatically sold off Alameda's assets if it was losing too much borrowed money.

  4 mins read