Auto Industry
Reuters
Nov 30, 2022, 9:48 PM
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 Min
Reuters | Nov 30, 2022Uber Shares Surge On Solid Profit Forecast As Rideshare Recovery Defies InflationWith 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
Reuters | Nov 30, 2022Bosch, Mercedes-Benz To Roll Out Fully-Automated Parking At Stuttgart AirportThe function will be available for Mercedes-Benz customers owning an S Class or EQS produced from July 2022 onwards.1 min read
Reuters | Nov 30, 2022Tesla 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
Reuters | Nov 30, 2022Verkor Raises 250 Million Euros To Fund EV Battery MegafactoryVerkor, 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
Reuters | Nov 30, 2022Renault, Google Expand Ties In Automotive SoftwareThe partnership with Google will also help Renault accelerate its "end-to-end digital transformation, from the design of the car to its market launch through its production," Renault Chief Executive Luca de Meo said in a statement.1 min read
Reuters | Nov 30, 2022China Pledges High-Tech Support For Climate, Environmental ProblemsIn a new action plan, the Chinese government said it would build a "green technology innovation system" over the 2021-2025 period to tackle air, soil and groundwater pollution, reduce waste and protect ecosystems, noting that current technologies were not mature enough to serve the country's long-term needs.2 mins read
Reuters | Nov 30, 2022Mazda To Invest $11 Billion By 2030 To Procure EV Batteries - ReportMazda plans to invest 1.5 trillion yen ($10.6 billion) by 2030 to procure electric vehicle (EV) batteries and cooperate with battery supplier Envision AESC.1 min read
Reuters | Nov 30, 2022Tesla Recalls 3,21,000 U.S. Vehicles Over Rear Light IssueTesla is recalling more than 321,000 vehicles in the United States because tail lights may intermittently fail to illuminate.1 min read
