Auto Industry

Reuters

Dec 28, 2022, 3:24 PM

Indonesia Considers $320 Million In Incentives To Boost EV Sales In 2023

Indonesia targets 20% of overall car sales in 2025 to be EVs

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  Reuters | Dec 28, 2022

  China's BYD To Start Selling Evs In Japan By Early 2023

  China's BYD, in which Berkshire Hathaway owns a stake, said it will roll out an electric sports utility vehicle, ATTO 3, in Japan starting Jan. 31. The car has a cruising distance of 485 kilometres and will cost 4.4 million yen ($32,735.66).

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  Reuters | Dec 28, 2022

  Siemens, Others Call For Only Zero-Emission Freight Trucks To Be Sold In EU By 2035

  In a letter published on Thursday the group said its signatories "urge the European Commission to set all new freight trucks on a path to zero emission from 2035," with a five-year exemption for vocational vehicles such as construction, mining and timber trucks that will require longer to develop and produce at scale.

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  Reuters | Dec 28, 2022

  Europe's Car Repairers Call For Competition Rules Rewrite

  The European Commission has recommended extending 2010's Motor Vehicle Block Exemption Regulation (MVBER) for five years when it expires in 2023, with some supplementary guidelines.

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  Reuters | Dec 28, 2022

  Tesla Driver In Multi-Car Crash Told Police Self-Driving Software Malfunctioned

  The police report said the vehicle made an unsafe lane change and was slowing to a stop, which led to another vehicle hitting the Tesla and a chain reaction of additional crashes.

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  Reuters | Dec 28, 2022

  Tesla Falls On Growing Angst Over Musk's Focus On Twitter

  Analysts say investors are worried that Musk may need to sell shares further to fund Twitter and sentiment around the acquisition of the social media firm could hurt the EV maker's brand.

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  Reuters | Dec 28, 2022

  Elon Musk's Vow To Not Sell More Tesla Stock Fails To Calm Investors

  Tesla shares are down 64% for the year, in what could be their worst annual performance since going public in 2010 as investors worry that Twitter was consuming much of the billionaire's time.

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  Reuters | Dec 28, 2022

  Israeli Startup Makes Inroads With Personal Flying Vehicle

  The test-phase voyage may not look out of the ordinary at first given the huge progress made in drone technology. Another propellered aircraft rising vertically off the ground and then thrusting forward high in the sky.

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  Reuters | Dec 28, 2022

  Investor In Musk's Twitter Buyout Expects To Make Up To Five Times Its Money

  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.

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