Auto Industry
Reuters
Dec 31, 2022, 5:34 PM
One of the biggest investors in Musk's acquisition of Twitter, Aliya Capital Partners LLC, said it expects to make up to five times its money despite the social media company's problems.
2 Min
Reuters | Dec 31, 2022TuSimple Plans To Layoff Half Its Workforce Next Week - ReportSelf driving trucking company TuSimple Holdings Inc plans to potentially cut half of its workforce next week.1 min read
Reuters | Dec 31, 2022Mahindra To Invest $1.2 Billion (Rs. 10,000 Crore) In New EV PlantMahindra Ltd said it would invest 100 billion rupees ($1.21 billion) to set up an electric vehicle (EV) manufacturing plant near the western city of Pune.1 min read
Reuters | Dec 31, 2022China's CATL To Provide EV Batteries For Honda Starting In 2024CATL would supply batteries for seven years for Honda's electric vehicles in China.1 min read
Reuters | Dec 31, 2022Japan Lawmaker Says TSMC Is Considering Second Plant In JapanA senior Japanese lawmaker said that Taiwan Semiconductor Manufacturing Co is considering building a second plant in Japan.2 mins read
Reuters | Dec 31, 2022Berkshire Hathaway Sells $34.4 Million Worth Of Shares In China's BYDThe sale lowered Berkshire's holdings in BYD's total issued H-shares to 14.95%0 mins read
Reuters | Dec 31, 2022U.S. Senator Manchin Says Treasury Should Limit Commercial EV Tax Credit UseThe $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, angering South Korea, the European Union, Japan and others.2 mins read
Reuters | Dec 31, 2022Oil Muted As Price Cap Proposal Eases Supply ConcernsA bigger-than-expected build in U.S. gasoline inventories and widening COVID-19 controls in China also added downward pressure on crude prices.2 mins read
Reuters | Dec 31, 2022Ukraine's Zelenskiy Says Europe Must Avoid Division, Set Low Price For Russia's OilUkraine's President Volodymyr Zelenskiy on Friday called on Europeans to remain united against Russia's war and to severely limit the price for Russian oil.2 mins read
