Auto Industry
Reuters
Nov 30, 2022, 10:09 PM
The ruling followed days of uncertainty about Musk's intentions and removed the threat that the erratic entrepreneur would have to testify under oath this week about his claims that Twitter fraudulently misled him.
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Reuters | Nov 30, 2022Factbox-Who Is Financing Elon Musk's $44 Billion Deal To Buy Twitter?While Musk will provide much of the funding after selling down his stake in electric vehicle maker Tesla Inc and by leaning on equity financing from large investors, major banks have committed to provide $13 billion.2 mins read
Reuters | Nov 30, 2022Self-Driving Cars Face Uncertain Path To US Deployment: ReportFollowing a GM petition as well as a June crash involving an autonomous vehicle, the City and County of San Francisco said in its comments GM and Cruise failed to provide sufficient data and fell "short of documenting or analyzing the safety performance" of the self-driving vehicles.3 mins read
Reuters | Nov 30, 2022Oil Settles Up 5% As Further Interest Rate Hikes LoomThough fears of global recession capped gains, Brent crude futures settled up $3.99 to $98.57 per barrel, a weekly gain of 2.9%.3 mins read
Reuters | Nov 30, 2022Toyota Profit To Rise But Eyes Will Be On Its Shaky Supply Chain, EV StrategyThe world's biggest automaker by sales said last week its global production rebounded by 30 per cent in the quarter that ended in September but warned shortages of semiconductors and other components would continue to constrain output in coming months.2 mins read
Reuters | Nov 30, 2022RattanIndia To Buy Electric Motorcycle Maker RevoltRattanIndia, whose shares soared 10% in morning trade, did not disclose the size of the deal. It's buying the stake in Revolt Motors at a time when eco-conscious consumers are turning to alternatives to conventional vehicles.1 min read
Reuters | Nov 30, 2022India's Top Bikemaker Hero Launches E-Scooter To Chase StartupsLike some other legacy automakers in India, Hero has been a laggard in launching electric two-wheelers, giving startups such as Ather Energy, which is backed by Tiger Global, and Softbank Group-backed Ola Electric a first-mover advantage.1 min read
Reuters | Nov 30, 2022Renault-Backed Beyonca EV Venture Touts Health Monitoring, Targets Audi In ChinaLed by current Renault China CEO Soh Weiming and backed by Renault and Dongfeng Motor, two-year-old Beyonca plans to unveil its first production car in the first quarter of next year with deliveries from 2024, Soh told Reuters.2 mins read
Reuters | Nov 30, 2022Musk Says Pepsi To Receive Tesla's First Semi Trucks In DecemberTesla Inc is starting Semi electric commercial truck production and PepsiCo Inc will get the first deliveries on Dec. 1, the electric vehicle maker's chief Elon Musk tweeted on Thursday.1 min read
