Auto Industry
Reuters
Dec 31, 2022, 4:10 PM
The carmaker is targeting margin parity between electric and combustion engine cars in next 2-3 years
0 Min
Reuters | Dec 31, 2022U.S. Opens Safety Probe Into Autonomous Driving System In GM's Cruise VehiclesThe National Highway Traffic Safety Administration (NHTSA) said it has received notices of incidents in which self-driving Cruise vehicles "may engage in inappropriately hard braking or become immobilized."3 mins read
Reuters | Dec 31, 2022Taiwan To Fine Foxconn For Unauthorised China InvestmentTaiwan has turned a wary eye on China's ambition to boost its semiconductor industry and is tightening legislation to prevent what it says is China stealing its chip technology.2 mins read
Reuters | Dec 31, 2022Mahindra CEO Sees U.S. Entry For New Electric Vehicles At Least Five Years AwayMahindra, 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
Reuters | Dec 31, 2022Zelenskiy Says Level Of Price Cap On Russia Oil Isn't SeriousPresident Zelenskiy said The $60 price cap on seaborne Russian oil agreed by Group of Seven nations and Australia is not serious and will do little to deter Russia from waging war in Ukraine.1 min read
Reuters | Dec 31, 2022STMicro, Soitec Deepen Cooperation Over Fast-Growing Semiconductor MaterialSoitec and STMicroelectronics are deepening their cooperation over the manufacturing of a key and fast-growing material used in the electric car industry.1 min read
Reuters | Dec 31, 2022U.S. Urges Caution On Low-Quoted Russian Oil Prices As EU Debates Price CapThe Biden administration broke its silence on European Union deliberations over a $65-70 per barrel Russian oil price cap, warning far-lower prices cited for some Russian Urals crude shipments should be approached with caution.2 mins read
Reuters | Dec 31, 2022Hyundai, SK To Build New Battery Plant In GeorgiaHyundai and SK will build a new battery manufacturing plant in the U.S. state of Georgia to supply the Korean automaker's U.S. assembly plants.2 mins read
Reuters | Dec 31, 2022South Korean Truckers' Strike Cost $1.2 Billion In Lost ShipmentsA strike by South Korean truckers is estimated to have cost 1.6 trillion won ($1.23 billion) in lost shipments.2 mins read
