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Auto Industry
Reuters
Dec 22, 2022, 6:24 PM
The United Auto Workers (UAW) union called on automakers to shift their entire supply chain out of China's Xinjiang region after a new report on Tuesday suggests that nearly every major automaker has significant exposure to products made with forced labor.
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Reuters | Dec 22, 2022Apple Scales Back Self-Driving Car, Delays Launch To 2026: ReportThe company's automotive efforts, known as Project Titan, have proceeded unevenly since 2014, when it first started to design a vehicle from scratch.1 min read
Reuters | Dec 22, 2022Mercedes To Double Electric Motor Output At Untertuerkheim: ReportThe German carmaker's management and works council struck an agreement on restructuring the site in southwestern Germany, which also foresees a 20% reduction in fixed costs by 2025 compared with 2019 and workforce cuts, the report said, citing company sources.0 mins read
Reuters | Dec 22, 2022South Korean Truckers' Strike Cost $1.2 Billion In Lost ShipmentsDisruptions to the country's supply chain expanded on Thursday, the eighth day of the nationwide strike by more than 20,000 truckers, as the government prepares to order more of them back to work.2 mins read
Jaiveer Mehra | Dec 22, 2022New Bugatti Chiron Profilee Is a Chiron Pur Sport-Based One-OffThe Profilee will be one of the last Bugatti to use the iconic W16 engine and is a more subdued iteration of the Chiron Pur Sport that debuted in 2020.2 mins read
Reuters | Dec 22, 2022Analysis: Retailers Turn To Robots In Cost Inflation FightWhile retail has been slower to adopt automation than sectors such as autos and electronics, it has been picking-up the pace - from the introduction of basic self check-out tills in stores to the use of robots and AI in supply chains.5 mins read
Reuters | Dec 22, 2022Tesla Plans To Ramp Up Model Y Production From Giga Texas In 2023: ReportThe electric-vehicle manufacturer is currently preparing to roll out 75,000 Model Y vehicles from Gigafactory Texas in the first quarter of 2023, according to the report.0 mins read
Reuters | Dec 22, 2022Oil Slides Over 3% On Russian Price Cap Talks, U.S. Gasoline BuildOil prices fell more than 3% continuing a streak of volatile trading, as the Group of Seven (G7) nations considered a price cap on Russian oil above the current market level.2 mins read
Reuters | Dec 22, 2022Proposed G7 Oil Price Cap To Have Little Immediate Impact On Russian RevenueG7's proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow's revenues, as it is broadly in line with what Asian buyers are already paying.2 mins read
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