Auto Industry
Reuters
Dec 1, 2022, 1:41 AM
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).
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Reuters | Dec 1, 2022Oil Prices Rebound On Supply Concerns After Drop To Near 6-Month LowOil 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.2 mins read
Reuters | Dec 1, 2022GM Doubles Miles Open To Its Super Cruise TechnologyGM 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.2 mins read
Reuters | Dec 1, 2022India Cuts Fuel Export Taxes, Hikes Tax On Local CrudeIndia has cut fuel export taxes for the second time in less than two weeks and increased a windfall tax on locally produced crude oil1 min read
Reuters | Dec 1, 2022Toyota-Panasonic Battery JV To Buy Lithium From ioneer's Nevada MineA 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.2 mins read
Reuters | Dec 1, 2022Uber Turns Cash Flow Positive For The First Time, Shares SurgeUber 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.1 min read
Reuters | Dec 1, 2022China's CATL Reshuffles Management As Billionaire Executive ExitsChina'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.1 min read
Reuters | Dec 1, 2022Shenzhen Accelerates China's Driverless Car Dreams By David KirtonOn 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.4 mins read
Reuters | Dec 1, 2022Nikola To Buy Battery Supplier Romeo Power For $144 MillionNikola 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.1 min read
