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Reuters

Dec 31, 2022, 4:17 PM

Oil Slumps By Over $2/bbl, Dogged By Recession Fears

Oil prices briefly erased some losses after officials said the U.S. Energy Department will repurchase 3 million barrels of domestic crude oil for the Strategic Petroleum Reserve.

2 Min

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  Reuters | Dec 31, 2022

  U.S. Finalizes $2.5 Billion Loan To GM, LG Battery Joint Venture

  The loan will help finance construction of new lithium-ion manufacturing facilities in Ohio, Tennessee and Michigan.

  2 mins read
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  Reuters | Dec 31, 2022

  China's BYD To Launch A Second New EV Brand In 2023 - Executive

  The new brand will be an addition to Yangwang, a premium brand set for launch in the first quarter of 2023

  1 min read
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  Reuters | Dec 31, 2022

  Electric Vehicles Confront The Leap To The Mass Market

  The automobile industry is pouring more than $1 trillion into a revolutionary shift from combustion engines to electric vehicles guided by software.

  3 mins read
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  Reuters | Dec 31, 2022

  India's e-Bus Ambition Hits Financing Speed Bump

  India wants to deploy 50,000 e-buses in tranches over the next four to five years at an estimated cost of one trillion rupees ($12 billion).

  3 mins read
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  Reuters | Dec 31, 2022

  India Tax Body Clarifies Sports Utility Vehicles Definition

  To qualify as SUVs for the purpose of GST and cess cars must meet the criteria of having an engine capacity of over 1,500cc, be over 4000 mm and a ground clearance of 170 mm.

  1 min read
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  Reuters | Dec 31, 2022

  Volkswagen To Refocus On Raising Productivity, Warns Of Challenging 2023 - Finance Chief

  The carmaker is targeting margin parity between electric and combustion engine cars in next 2-3 years

  0 mins read
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  Reuters | Dec 31, 2022

  U.S. Opens Safety Probe Into Autonomous Driving System In GM's Cruise Vehicles

  The National Highway Traffic Safety Administration (NHTSA) said it has received notices of incidents in which self-driving Cruise vehicles "may engage in inappropriately hard braking or become immobilized."

  3 mins read
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  Reuters | Dec 31, 2022

  Taiwan To Fine Foxconn For Unauthorised China Investment

  Taiwan has turned a wary eye on China's ambition to boost its semiconductor industry and is tightening legislation to prevent what it says is China stealing its chip technology.

  2 mins read