Auto Industry

Reuters

Dec 1, 2022, 5:23 AM

'It Felt Like Star Wars': Hoverbike Makes U.S. Debut

A hoverbike that the Japanese manufacturers plan to launch in the United States next year made its U.S. debut at the Detroit Auto Show, drawing perhaps inevitable comparisons to the speeder bikes of "Star Wars."

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  Reuters | Dec 1, 2022

  Loop Energy Says New Hydrogen Fuel Cell More Efficient Than Diesel Engine

  Hydrogen fuel cell maker Loop Energy said that its latest cell system can deliver better fuel economy than a diesel engine at current price levels.

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  Reuters | Dec 1, 2022

  Tesla Says China Sales Channel Expansion Proceeding At Normal Pace

  Tesla said that it is still expanding its sales channels in China at a normal pace, in response to a Reuters report saying it was considering closing some city centre showrooms in its second largest market.

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  Reuters | Dec 1, 2022

  Indian Shares Rise As Finance, Autos Gain; Cenbanks In Focus

  Indian shares ended higher, lifted by gains in financials and auto companies, while investors prepared for a host of central bank meetings this week to gauge the impact of rate hikes on global economy.

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  Reuters | Dec 1, 2022

  Tesla Completes Production Capacity Expansion At Shanghai Plant - Shanghai Govt

  Tesla completed a project to expand production capacity at its Shanghai plant, according to a statement on a Shanghai government platform for companies' environmental information disclosures.

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  Reuters | Dec 1, 2022

  Mongolian President Says He Supports Russia-China Oil And Gas Piplines Through Mongolia

  Mongolian President Ukhnaagiin Khurelsukh said that he supports the construction of oil and gas pipelines from Russia to China via Mongolia.

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  Reuters | Dec 1, 2022

  Oil Prices Up After Basra Spill, But Log Weekly Decline

  Oil prices rose slightly as a spill at Iraq's Basra terminal appeared likely to constrain crude supply, but remained down on the week on fears that hefty interest rate increases will curb global economic growth and demand for fuel.

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  Reuters | Dec 1, 2022

  Lower Oil Prices Defy Robust Forecasts For Global Demand

  Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in global energy demand. But no major forecaster is actually predicting one.

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  Reuters | Dec 1, 2022

  Car Electrification Unlikely To Erase Market For Ethanol, Says Producer

  The global movement by governments and automakers to boost electrification of cars does not mean ethanol will be dead as a product, according to an executive of one of the world's largest producers of the biofuel.

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