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Reuters

Dec 24, 2022, 11:49 PM

Chinese Dealers Seek Compensation Over Stellantis Jeep Failure

Stellantis is overhauling its strategy in China after agreeing to file for bankruptcy of its Jeep joint venture with local partner Guangzhou Automobile Group (GAC) in October.

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  Reuters | Dec 24, 2022

  U.S Says G7 Should Soon Unveil Price Cap Level On Russian Oil, Adjust Regularly

  The Group of Seven nations should soon announce the price cap on Russian oil exports and the coalition will probably adjust the level a few times a year rather than monthly.

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  Reuters | Dec 24, 2022

  India Seeks To Use Global Energy Challenge As Opportunity, Says Minister

  India hopes to convert the current global oil challenges from the Ukraine crisis into an opportunity to secure affordable energy, Oil Minister Hardeep Singh Puri said.

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  Reuters | Dec 24, 2022

  Automakers, South Korea Urge U.S. To Tap Commercial EV Tax Credit

  The $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, sparking anger from South Korea, the European Union, Japan and others.

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  Reuters | Dec 24, 2022

  Toyota Offers Cheaper Prius If Customers Take Software Updates

  The lease program will require customers to opt in for a service expected to bring monthly lease payments down by 10%, Toyota's leasing affiliate said.

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  Reuters | Dec 24, 2022

  Vietnam's EV Maker Vinfast Files For U.S. IPO To Fuel Global Expansion

  VinFast, which began operations in 2019, is gearing up to expand in the U.S. market, where it hopes to compete with legacy automakers and startups with its two all-electric SUVs, the VF8 and VF9, including battery leasing to reduce the purchase price.

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  Reuters | Dec 24, 2022

  UAW Calls On Automakers To Move Supply Chain Out Of Xinjiang Region

  The United Auto Workers (UAW) union called on automakers to shift their entire supply chain out of China's Xinjiang region after a new report on Tuesday suggests that nearly every major automaker has significant exposure to products made with forced labor.

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  Reuters | Dec 24, 2022

  Mercedes To Double Electric Motor Output At Untertuerkheim: Report

  The German carmaker's management and works council struck an agreement on restructuring the site in southwestern Germany, which also foresees a 20% reduction in fixed costs by 2025 compared with 2019 and workforce cuts, the report said, citing company sources.

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  Reuters | Dec 24, 2022

  South Korean Truckers' Strike Cost $1.2 Billion In Lost Shipments

  Disruptions to the country's supply chain expanded on Thursday, the eighth day of the nationwide strike by more than 20,000 truckers, as the government prepares to order more of them back to work.

  2 mins read