Auto Industry
Reuters
Dec 1, 2022, 5:21 AM
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.
5 Min
Reuters | Dec 1, 2022Car Electrification Unlikely To Erase Market For Ethanol, Says ProducerThe 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.1 min read
Reuters | Dec 1, 2022Tesla Is Sued By Drivers Over Alleged False Autopilot, Full Self-Driving ClaimsTesla 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.2 mins read
Reuters | Dec 1, 2022Taiwan President Warns Of 'Volatile' Challenges Facing Chip IndustryTaiwan'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.1 min read
Reuters | Dec 1, 2022Uber Asks Its India Drivers To Ensure Rear Seatbelts In Their Cars WorkRide-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.0 mins read
Reuters | Dec 1, 2022Oil Dips Nearly 1%, Reversing Gains After Bearish U.S. Economic DataOil 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.2 mins read- Reuters | Dec 1, 2022Upset By High Prices, GM's Cruise Develops Its Own Chips For Self-Driving CarsGeneral 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 mins read
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
