Auto Industry
Reuters
Aug 28, 2021, 11:11 PM
For the week, Brent gained over 11% and WTI rose more than 10%, which was the biggest weekly percentage gains for both since June 2020.
1 Min
Reuters | Aug 28, 2021Western Digital-Kioxia In Talks To Create Chipmaker Giant: ReportThe companies could reach an agreement as early as mid-September, and Western Digital CEO David Goeckeler would run the combined firm, the person said, requesting anonymity to discuss confidential matters.1 min read
Reuters | Aug 28, 2021Oil Rally Falters On Pandemic Surge, Renewed Mexico SupplyFresh COVID-19 outbreaks fueled by the Delta variant raised concerns about the strength of the economic recovery globally.1 min read
Reuters | Aug 28, 2021Indian Oil Expands JV With Malaysia's Petronas To Focus On LNG PlantsIOC is investing 1 trillion Indian rupees ($13.49 billion) to raise its refining capacity by 25 million tonnes a year in next 2-5 year, Vaidya said, adding his company aims to maximise yields of chemical products.1 min read
Reuters | Aug 28, 2021Alphabet's Waymo To Stop Selling Lidar Self-Driving Car SensorsThe move to stop selling lidars comes after the departure of CEO John Krafcik and some other executives, which had fueled questions about whether Waymo would rethink its strategy after failing to generate significant revenue for over a decade.1 min read
Reuters | Aug 28, 2021Biden Admin Defends Approving Licenses For Auto Chips For HuaweiHuawei was placed on a U.S. trade blacklist in 2019, after the Trump administration said it was operating contrary to national security and foreign policy interests.1 min read
Reuters | Aug 28, 2021Malaysian Chip Makers Still Struggling To Meet Demand, Association SaysSeveral automakers and semiconductor companies have said this month that pandemic-related disruptions in the Southeast Asian nation were hitting their supply chains.1 min read
Reuters | Aug 28, 2021Nuro To Invest $40 Million To Set Up Manufacturing, Testing Units In U.S.In June, the Autonomous delivery startup Nuro had teamed up with package delivery company FedEx Corp and signed a multi-year agreement to test self-driving vehicles.1 min read
Charanpreet Singh | Aug 28, 2021Vehicles To Cost More Post Madras High Court's Verdict On 5-Year Motor Insurance: ReportThe Madras High Court's recent verdict to make 5-year 'bumper-to-bumper' motor insurance mandatory may increase the cost of vehicle acquisition by 8 to 9 per cent of its current price.1 min read
