Auto Industry

Reuters

Dec 1, 2022, 5:20 AM

Tesla Is Sued By Drivers Over Alleged False Autopilot, Full Self-Driving Claims

Tesla Inc was sued on Wednesday in a proposed class action accusing Elon Musk's electric car company of misleading the public by falsely advertising its Autopilot and Full Self-Driving features.

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  Reuters | Dec 1, 2022

  Taiwan President Warns Of 'Volatile' Challenges Facing Chip Industry

  Taiwan's President Tsai Ing-wen warned the semiconductor industry faces new and "volatile" challenges, but said her government will work with the sector to overcome them.

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  Reuters | Dec 1, 2022

  Uber Asks Its India Drivers To Ensure Rear Seatbelts In Their Cars Work

  Ride-hailing company Uber Technologies has asked its drivers in India to ensure backseat seatbelts in their vehicles are accessible to passengers and they work, days after a local business tycoon died in a crash involving his private car.

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  Reuters | Dec 1, 2022

  Oil Dips Nearly 1%, Reversing Gains After Bearish U.S. Economic Data

  Oil prices ended nearly 1% lower, reversing earlier gains as U.S. consumer prices unexpectedly rose in August, giving cover for the U.S. Federal Reserve to deliver another hefty interest rate increase next week.

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  Reuters | Dec 1, 2022

  Upset By High Prices, GM's Cruise Develops Its Own Chips For Self-Driving Cars

  General Motors' autonomous driving unit Cruise has developed its own chips for self-driving cars to be deployed by 2025, as they aim to bring down costs and scale up volume, executives said.

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  Reuters | Dec 1, 2022

  Tesla Weighs Reset For China Retail Strategy Even As Sales Boom

  Tesla is reevaluating the way it sells electric cars in China, its second-largest market, and considering closing some showrooms in flashy malls in cities like Beijing where traffic plunged during COVID restrictions, two people with knowledge of the plans said.

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  Reuters | Dec 1, 2022

  Musk Sends Fresh Letter To Scrap Twitter Deal After Whistleblower Claims

  Musk has sent an additional letter of deal termination to Twitter Inc to include a recent whistleblower complaint.

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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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