Auto Industry
Reuters
Dec 1, 2022, 5:19 AM
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.
2 Min
Reuters | Dec 1, 2022Tesla Weighs Reset For China Retail Strategy Even As Sales BoomTesla 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.3 mins read
Reuters | Dec 1, 2022Musk Sends Fresh Letter To Scrap Twitter Deal After Whistleblower ClaimsMusk has sent an additional letter of deal termination to Twitter Inc to include a recent whistleblower complaint.1 min read
Reuters | Dec 1, 2022Oil Gains Ahead Of OPEC+ Meeting; Russian Oil Price Cap LoomsOil 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.2 mins read
Reuters | Dec 1, 2022Taiwan President Says She Looks Forward To Producing 'Democracy Chips' With U.STaiwan 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.2 mins read
Reuters | Dec 1, 2022GM, LG Energy Joint Venture Ohio Battery Plant Begins ProductionA General Motors and LG Energy Solution $2.3 billion joint venture battery production plant in Ohio has begun production.2 mins read
Reuters | Dec 1, 2022Oil Dives Nearly $6 A Barrel On Demand Fears, Iraq ExportsOil prices fell nearly $6 a barrel, the steepest decline in about a month, on fears that fuel demand could soften as global central banks hike rates to fight surging inflation, and as unrest in Iraq failed to dent the OPEC nation's crude exports.3 mins read
Reuters | Dec 1, 2022This Decade's Oil Boom Is Moving Offshore - Way OffshoreGlobal oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects including some in the remote iceberg waters far off Canada's Atlantic coast.5 mins read- Reuters | Dec 1, 2022Oil Prices Climb 1% As U.S. Fuel Inventories FallOil prices recovered slightly as data pointed to firm U.S. fuel demand, providing respite after a 5% drop a day earlier on fears that demand will suffer from increased China COVID curbs and central bank interest rate hikes.2 mins read
