Auto Industry
Reuters
Dec 28, 2022, 3:23 PM
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, 2022Tesla Driver In Multi-Car Crash Told Police Self-Driving Software MalfunctionedThe 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.2 mins read
Reuters | Dec 28, 2022Tesla Falls On Growing Angst Over Musk's Focus On TwitterAnalysts 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.1 min read
Reuters | Dec 28, 2022Elon Musk's Vow To Not Sell More Tesla Stock Fails To Calm InvestorsTesla 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.2 mins read
Reuters | Dec 28, 2022Israeli Startup Makes Inroads With Personal Flying VehicleThe 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.1 min read
Reuters | Dec 28, 2022Investor In Musk's Twitter Buyout Expects To Make Up To Five Times Its MoneyOne 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.2 mins read
Reuters | Dec 28, 2022TuSimple Plans To Layoff Half Its Workforce Next Week - ReportSelf driving trucking company TuSimple Holdings Inc plans to potentially cut half of its workforce next week.1 min read
Reuters | Dec 28, 2022Mahindra To Invest $1.2 Billion (Rs. 10,000 Crore) In New EV PlantMahindra Ltd said it would invest 100 billion rupees ($1.21 billion) to set up an electric vehicle (EV) manufacturing plant near the western city of Pune.1 min read
Reuters | Dec 28, 2022China's CATL To Provide EV Batteries For Honda Starting In 2024CATL would supply batteries for seven years for Honda's electric vehicles in China.1 min read
