Auto Industry
Reuters
Dec 31, 2022, 4:44 PM
A virtual meeting puts the focus on the pending European Union deal over the price cap on Russian oil, as well as a Dec. 5 deadline imposed by the bloc for a full embargo on purchases of Moscow's seaborne crude.
2 Min
Reuters | Dec 31, 2022Chinese Dealers Seek Compensation Over Stellantis Jeep FailureStellantis 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.2 mins read
Reuters | Dec 31, 2022U.S Says G7 Should Soon Unveil Price Cap Level On Russian Oil, Adjust RegularlyThe 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.3 mins read
Reuters | Dec 31, 2022India Seeks To Use Global Energy Challenge As Opportunity, Says MinisterIndia 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.2 mins read
Reuters | Dec 31, 2022Automakers, South Korea Urge U.S. To Tap Commercial EV Tax CreditThe $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.2 mins read
Reuters | Dec 31, 2022Toyota Offers Cheaper Prius If Customers Take Software UpdatesThe 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.1 min read
Reuters | Dec 31, 2022Vietnam's EV Maker Vinfast Files For U.S. IPO To Fuel Global ExpansionVinFast, 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.3 mins read
Reuters | Dec 31, 2022UAW Calls On Automakers To Move Supply Chain Out Of Xinjiang RegionThe 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.2 mins read
Reuters | Dec 31, 2022Apple Scales Back Self-Driving Car, Delays Launch To 2026: ReportThe 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
