Auto Industry

Reuters

Dec 30, 2022, 11:10 PM

Oil Rises $3/bbl After Russia Signals Output Cut Due To Price Cap

Russia may cut oil output by 5% to 7% in early 2023 as it responds to price caps, the RIA news agency cited Deputy Prime Minister Alexander Novak as saying.

2 Min

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  Reuters | Dec 30, 2022

  Ford Adds Work Crew At Michigan Plant As It Boosts Output Of EV Pickup

  The U.S. automaker said it added 250 jobs in November at its Rouge plant in Dearborn, Michigan, as a result of the additional crew.

  1 min
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  Reuters | Dec 30, 2022

  Oil Drops On China Uncertainty; U.S. Demand Limits Decline

  Both oil contracts dipped more than 2% early in Thursday's session, but pared losses as the U.S. dollar slipped, with investors on edge about interest rate hikes.

  2 mins
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  Reuters | Dec 30, 2022

  Elon Musk's Team Seeks New Funding For Twitter - Investor

  Twitter has seen advertisers flee amid worries about Musk's approach to policing tweets, hitting revenues and its ability to pay interest on the $13 billion debt that Musk took on to buy the social media company.

  1 min
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  Reuters | Dec 30, 2022

  Baidu, Pony.ai Start Driverless Robotaxi Tests In Beijing

  Baidu and Pony.ai said they would begin testing 10 driverless vehicles each in a technology park developed by the Beijing government as a step towards commercial robotaxi services in China’s capital.

  2 mins
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  Reuters | Dec 30, 2022

  Elon Musk Launches Poll Asking If He Should Quit As Twitter CEO

  Musk had told a Delaware court last month that he would reduce his time at Twitter and eventually find a new leader to run the company.

  3 mins
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  Reuters | Dec 30, 2022

  Musk To Step Down As Twitter CEO Once He Finds 'Someone Foolish' Enough As Successor

  Musk's $44 billion takeover of Twitter in October has been marked by chaos and controversy, with some investors questioning if he is too distracted to also properly run his electric-vehicle automaker Tesla

  2 mins
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  Reuters | Dec 30, 2022

  Biden To Visit Taiwanese Chip Manufacturer TSMC's Arizona Plant

  TSMC, Asia's most valuable listed company, has said it was building on a site for a potential second plant in Arizona. The company began construction in mid-2021.

  2 mins
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  Reuters | Dec 30, 2022

  Honda To Begin Selling Mini-Commercial Electric Vans In Spring 2024

  Honda's electric van has a target cruising range of 200km (125 miles) and is seeking to set the price at around 1 million yen ($7,270).

  1 min