Auto Industry
Reuters
Nov 30, 2022, 9:49 PM
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 Min
Reuters | Nov 30, 2022G7 Coalition Has Agreed To Set Fixed Price For Russian Oil: ReportU.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
Reuters | Nov 30, 2022Toyota 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 shortage4 mins read
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
