Auto Industry

Reuters

Nov 30, 2022, 9:51 PM

COP27: France, Spain Latest To Pledge Halt To Gasoline-Driven Vehicle Sales

Signatories, including countries, municipalities and companies, pledged to shift to 100% sales of zero-emission vehicles by 2035 in leading markets and by 2040 across the globe.

2 Min

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  Reuters | Nov 30, 2022

  Chinese Carmakers Target More European Sales With Five-Star EVs

  In the last few months, several Chinese EVs have received five-star European New Car Assessment Programme (NCAP) ratings - an achievement that requires loading vehicles with active and passive safety features that go well beyond legal requirements.

  5 mins read
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  Reuters | Nov 30, 2022

  Tesla Safety At Centre Of South Korean Trial Over Fiery, Fatal Crash

  The driver claimed that the Model X sped out of control on its own and that the brakes failed in the December 2020 accident.

  7 mins read
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  Reuters | Nov 30, 2022

  G7 Coalition Has Agreed To Set Fixed Price For Russian Oil: Report

  U.S. officials and G7 countries have been in intense negotiations in recent weeks over the unprecedented plan to put a price cap on sea-borne oil shipments, which is scheduled to take effect on Dec. 5 - to ensure EU and U.S. sanctions aimed at limiting Moscow's ability to fund its invasion of Ukraine do not throttle the global oil market.

  3 mins read
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  Reuters | Nov 30, 2022

  Toyota Cuts Output Target Amid Chip Crunch As Profit Tumbles 25%

  Toyota posted a worse-than-expected 25% drop in quarterly profit and cut its annual output target, as the Japanese firm battles surging material costs and a persistent semiconductor shortage

  4 mins read
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  Reuters | Nov 30, 2022

  Uber Shares Surge On Solid Profit Forecast As Rideshare Recovery Defies Inflation

  With cities reopening and travel booming, consumers are shifting their budgets to services, Chief Executive Dara Khosrowshahi said, compared to the two years of COVID-led lockdowns when they had limited spending to basic needs.

  2 mins read
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  Reuters | Nov 30, 2022

  Bosch, Mercedes-Benz To Roll Out Fully-Automated Parking At Stuttgart Airport

  The function will be available for Mercedes-Benz customers owning an S Class or EQS produced from July 2022 onwards.

  1 min read
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  Reuters | Nov 30, 2022

  Tesla Crash Trial In California Hinges On Question Of 'Man Vs Machine'

  The U.S. Department of Justice is investigating whether Tesla itself should face criminal charges over its self-driving claims, Reuters reported.

  3 mins read
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  Reuters | Nov 30, 2022

  Verkor Raises 250 Million Euros To Fund EV Battery Megafactory

  Verkor, which is based in Grenoble, said investors in the funding round included French bank Societe Generale, German industrial company Siemens and the European Investment Bank, which put in 49 million euros.

  2 mins read