Auto Industry
Reuters
Dec 1, 2022, 5:05 AM
Oil prices settled lower after disappointing Chinese economic data renewed concerns of a global recession that would be expected to reduce fuel demand.
2 Min
Reuters | Dec 1, 2022Barclays Sees Crude Surplus In Near-Term, Cuts Brent Price ViewBarclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to "resilient" Russian supplies.1 min read
Reuters | Dec 1, 2022Australia To Target Vehicle Emissions To Boost Electric Car SupplyAustralia's government said it plans to introduce new regulations targeting vehicle carbon emissions to boost the uptake of electric cars, as it looks to catch up with other developed economies.2 mins read
Reuters | Dec 1, 2022Musk Approaches Brain Chip Startup Synchron About Deal Amid Neuralink Delays -SourcesElon Musk has approached brain chip implant developer Synchron Inc about a potential investment as his own company Neuralink plays catch-up in the race to connect the human brain directly to machines, according to four people familiar with the matter.2 mins read
Reuters | Dec 1, 2022EV Maker Nikola Beats Revenue Estimates On Higher DeliveriesNikola Corp exceeded market estimates for quarterly revenue as the electric-vehicle maker delivered more semi trucks after a production ramp-up, sending its shares 6% higher in trading before the bell.1 min read
Reuters | Dec 1, 2022U.S. Lawmakers Urge Joint Use Of Funds For Broadband, EV Charge StationsA group of 10 U.S. House Democrats asked President Joe Biden's administration to build electric vehicle charging stations together with broadband internet infrastructure under the $1 trillion infrastructure law approved in November 2021.1 min read
Reuters | Dec 1, 2022Foxconn To Build Autonomous Electric Tractors At Ohio FacilityTaiwan's Foxconn, the world's largest contract electronics maker, said it will build driverless electric tractors for California-based Monarch Tractor at its Lordstown, Ohio, facility starting in early 2023.1 min read
Reuters | Dec 1, 2022S.Korean EV Battery Maker SK On Raises $1.5 Billion In Expansion Push - ReportThe battery unit of energy group SK Innovation Co Ltd has been in talks with a local private equity consortium which includes EastBridge Partners, Korea Investment Partners and Stella Investment1 min read
Reuters | Dec 1, 2022Oil Settles Up As IEA Hikes 2022 Demand Growth ForecastOil prices settled up more than $2 after the International Energy Agency raised its oil demand growth forecast for this year as soaring natural gas prices have some consumers switching to oil.2 mins read
