Auto Industry

Reuters

Dec 31, 2022, 5:44 PM

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 Min

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  Reuters | Dec 31, 2022

  Mahindra CEO Sees U.S. Entry For New Electric Vehicles At Least Five Years Away

  Mahindra, as part of its long-range strategy, is considering whether to build vehicles in North America, to take advantage of incentives built into the U.S. Inflation Reduction Act.

  1 min read
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  Reuters | Dec 31, 2022

  India November Auto Sales: Car, Tractor, Truck Sales Rise

  The festive season helped drive strong overall sales at most Indian automakers in November.

  2 mins read
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  Reuters | Dec 31, 2022

  Musk Delivers First Tesla Truck, But No Update On Output, Pricing

  Tesla CEO Musk delivered the company's first heavy-duty Semi to PepsiCo without offering updated forecasts for the truck's pricing, production plans or how much cargo it could haul.

  4 mins read
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  Reuters | Dec 31, 2022

  Apple Scales Back Self-Driving Car, Delays Launch To 2026: Report

  The company's automotive efforts, known as Project Titan, have proceeded unevenly since 2014, when it first started to design a vehicle from scratch.

  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

  Tesla To Run Reduced Output In Shanghai In January, Plan Shows

  Tesla will run production for 17 days in January between Jan. 3 to Jan. 19 and will stop electric vehicle output from Jan. 20 to Jan. 31 for an extended break for Chinese New Year

  2 mins read
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  Reuters | Dec 31, 2022

  Oil Prices Climb On Easing China COVID-19 Curbs, Concerns Over U.S. Storm Impact

  Oil prices rose to three-week highs on Tuesday as China's latest easing of COVID-19 restrictions raised fuel demand hopes and concerns that winter storms across the United States are affecting energy production

  2 mins read
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  Reuters | Dec 31, 2022

  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 read