Auto Industry
Reuters
Dec 31, 2022, 4:10 PM
Soitec and STMicroelectronics are deepening their cooperation over the manufacturing of a key and fast-growing material used in the electric car industry.
1 Min
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
Reuters | Dec 31, 2022Oil Settles Up $2 On Tighter Supply; OPEC+ Talks Limit GainsOil prices settled up by over $2 per barrel on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.2 mins read
Reuters | Dec 31, 2022Foxconn Unit Invests $500 Million (Rs. 4100 Crore) In India AffiliateFoxconn's Singapore unit has acquired 4.08 million shares in Foxconn Hon Hai Technology India Mega Development Private Limited for $500 million (Around Rs. 4100 Crore).1 min read
Reuters | Dec 31, 2022OPEC+ Switch To Virtual Meeting Signals Policy Roll-Over Ahead Of Russian Oil Price Cap - ReportThe OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change.2 mins read
Reuters | Dec 31, 2022Factbox - Western Governments Struggle To Agree On Russian Oil Price CapWestern governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability to raise money for its war on Ukraine.3 mins read
Reuters | Dec 31, 2022Diesel Sales Of Indian State Retailers Up On Industrial RecoveryIndian state refiners' daily diesel sales rose 21% in November from the previous month.2 mins read
