Auto Industry News
Oil Falls To Nearly 6-Month Lows After Surprise U.S. Crude, Gasoline Build
Oil prices slid about 4% to almost six-month lows, after U.S. data showed crude and gasoline stockpiles unexpectedly surged last week and as OPEC+ said it would raise its oil output target by 100,000 barrels per day (bpd).
Oil Prices Rebound On Supply Concerns After Drop To Near 6-Month Low
Dec 1, 2022 01:41 AM
Oil prices rose as supply concerns triggered a rebound from multi-month lows plumbed in the previous session after U.S. data signalled weak fuel demand.
GM Doubles Miles Open To Its Super Cruise Technology
Dec 1, 2022 01:40 AM
GM said owners of certain vehicles equipped with its Super Cruise assisted driving system will now be able to use it on 400,000 miles (643,740 km) of North American roads.
India Cuts Fuel Export Taxes, Hikes Tax On Local Crude
Dec 1, 2022 01:40 AM
India has cut fuel export taxes for the second time in less than two weeks and increased a windfall tax on locally produced crude oil
Toyota-Panasonic Battery JV To Buy Lithium From ioneer's Nevada Mine
Dec 1, 2022 01:39 AM
A joint battery venture of Toyota Motor Corp and Panasonic Corp will buy lithium from ioneer Ltd's Rhyolite Ridge mining project and use the metal to build electric vehicle batteries in the United States.
Uber Turns Cash Flow Positive For The First Time, Shares Surge
Dec 1, 2022 01:39 AM
Uber Technologies Inc reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its ride-hailing and food-delivery services.
China's CATL Reshuffles Management As Billionaire Executive Exits
Dec 1, 2022 01:34 AM
China's CATL said its vice chairman and deputy general manager Huang Shilin had resigned and would leave the battery maker to explore business opportunities elsewhere.
Shenzhen Accelerates China's Driverless Car Dreams By David Kirton
Dec 1, 2022 01:34 AM
On a busy downtown street three delivery bikes suddenly dart over the pedestrian crossing ahead of the car. On the car's dashboard they look like small 3D blue blocks from a 1990s video game.
Nikola To Buy Battery Supplier Romeo Power For $144 Million
Dec 1, 2022 01:33 AM
Nikola Corp has agreed to buy battery supplier Romeo Power Inc for about $144 million in stock, the electric truck maker said on Monday, in a move that will help jumpstart its efforts to make battery packs.
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