Auto Industry

Reuters

Nov 30, 2022, 10:16 PM

Mazda unveils $11 Billion EV Spending Plan, Considers Investing In Battery Production

The company also raised its sales target for electric vehicles (EVs) to up to 40% of its total global sales by 2030

2 Min

• 
  Reuters | Nov 30, 2022

  Oil Falls On China COVID Curbs And Weak Factory Data

  Oil prices fell on Monday after weaker than expected factory activity data out of China and on concerns that the country's widening COVID-19 curbs will curtail demand.

  2 mins read
• 
  Reuters | Nov 30, 2022

  Indonesia Hikes Fuel Prices To Rein In Ballooning Subsidies

  Indonesia raised subsidised fuel prices by about 30%, as the government moves to rein in ballooning subsidies despite a risk of mass protests.

  3 mins read
• 
  Reuters | Nov 30, 2022

  Shenzhen Shuts Most Public Transport As China Battles Multiple Outbreaks

  The main districts of Chinese tech hub Shenzhen shut down public transport and extended curbs on public activities as cities across China battled COVID-19 outbreaks that have dampened the outlook for economic recovery.

  3 mins read
• 
  Reuters | Nov 30, 2022

  India's BPCL Plans To load Sokol Cargo In Sept - Sources

  Indian state-refiner Bharat Petroleum Corp is re-attempting to charter a ship to load 700,000 barrels of Russia's Sokol crude oil this month, sources familiar with the deal said.

  1 min read
• 
  Reuters | Nov 30, 2022

  U.S. Commerce Aims To Seek Chips Funding Proposals By February

  The U.S. Commerce Department said it hopes by February to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new facilities and expand existing U.S. production.

  2 mins read
• 
  Reuters | Nov 30, 2022

  India Says Importing Russian Oil Part Of Inflation Management

  India's finance minister said that importing Russian oil was part of the country's inflation-management strategy and that other countries were doing something similar.

  1 min read
• 
  Reuters | Nov 30, 2022

  Stellantis, GME Resources Seal Nickel And Cobalt Deal For Battery Production

  The deal marks a further move by the world's fourth largest carmaker to lock down supplies of metals needed for batteries that power EV cars, ahead of an expected surge in global demand as a transition towards cleaner mobility gains traction.

  1 min read
• 
  Reuters | Nov 30, 2022

  Many U.S. Drivers Treat Partially Automated Cars As Self-Driving- Study

  The IIHS study of 600 active users found 53% of Super Cruise, 42% of Autopilot and 12% of ProPILOT Assist owners "said that they were comfortable treating their vehicles as fully self-driving."

  2 mins read