Auto Industry

Reuters

Dec 1, 2022, 5:30 AM

Bosch To Invest $200 Million To Make Fuel Cell Stacks In South Carolina

Bosch will invest more than $200 million to produce fuel cell stacks in its South Carolina facility, as the German auto supplier accelerates its transition to electrification.

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  Reuters | Dec 1, 2022

  Oil Gains Ahead Of OPEC+ Meeting; Russian Oil Price Cap Looms

  Oil prices climbed on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, though fears of China's COVID-19 curbs and weak global growth continued to limit gains and a potential cap on the price of Russian exports loomed.

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  Reuters | Dec 1, 2022

  Taiwan President Says She Looks Forward To Producing 'Democracy Chips' With U.S

  Taiwan looks forward to producing "democracy chips" with the United States, President Tsai Ing-wen told the visiting governor of the U.S. state of Arizona, Doug Ducey, the latest in a string of senior officials from the county to visit.

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  Reuters | Dec 1, 2022

  GM, LG Energy Joint Venture Ohio Battery Plant Begins Production

  A General Motors and LG Energy Solution $2.3 billion joint venture battery production plant in Ohio has begun production.

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  Reuters | Dec 1, 2022

  Toyota Triples Planned Investment To $3.8 Billion In U.S. Battery Plant

  Toyota Motor Corp will boost its planned investment in a new U.S. battery plant from $1.29 billion to $3.8 billion, partly in response to rising consumer demand for electric vehicles, the company said.

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  Reuters | Dec 1, 2022

  Analysis-Musk's Bold Goal Of Selling 20 Million EVs Could Cost Tesla Billions

  Musk has set his young company on an aggressive expansion path like no other auto executive has dreamed.

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  Reuters | Dec 1, 2022

  Oil Prices Slide 1% After U.S. Fed Raises Interest Rates

  Oil prices fell about 1% to a near two-week low in volatile trade after the U.S. Federal Reserve delivered another hefty rate hike to quell inflation that could reduce economic activity and demand for oil.

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  Reuters | Dec 1, 2022

  Russian Mobilization Hikes Urgency Of Oil Price Cap - Ukrainian Presidential Advisor

  Oleg Ustenko criticized updated European Union guidance on sanctions on Russian coal shipments that he said could enable companies to transport Russian coal to third countries, which was not in the original spirit of the deal.

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  Reuters | Dec 1, 2022

  U.S. Senators Want Secondary Sanctions On Russian Oil

  Democratic and Republican senators proposed that U.S. President Joe Biden's administration use secondary sanctions on international banks to strengthen a price cap G7 countries plan to impose on Russian oil over Moscow's invasion of Ukraine.

  2 mins read