Auto Industry

Reuters

Oct 29, 2022, 10:23 AM

Tesla Faces U.S. Criminal Probe Over Self-Driving Claims - Report

The U.S. Department of Justice launched the previously undisclosed probe last year following more than a dozen crashes, some of them fatal, involving Tesla's driver assistance system Autopilot, which was activated during the accidents, the people said.

4 Min

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  Reuters | Oct 29, 2022

  U.S., EU Launch Formal Group To Discuss Conflict Over EV Subsidies

  The talks come as auto manufacturers from Stuttgart to Seoul have been angered by Biden's $430 billion "Inflation Reduction Act", enacted in August and aimed at rolling back climate change and making Washington a world leader in the electric vehicle (EV) market.

  1 min read
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  Reuters | Oct 29, 2022

  Volkswagen No Longer Investing In Self-Driving Startup Argo AI

  The first outcomes from the partnership between Volkswagen's software unit Cariad and Bosch, announced in January this year, are planned for 2023, the statement said.

  1 min read
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  Reuters | Oct 29, 2022

  Volkswagen No Longer Investing In Self-Driving Startup Argo AI

  Volkswagen disclosed a $2.6 billion investment in Argo AI, the Pittsburgh-based self-driving startup, in June 2020. Ford has invested in the start-up as well.

  1 min read
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  Reuters | Oct 29, 2022

  Oil Rises On Strong Crude Demand, Easing Recession Fears: Report

  Data showed record U.S. crude exports, a hopeful sign for demand. Speculation that central banks could be nearing the end of rate-hiking cycles added support, after the European Central bank raised rates by 75 basis points.

  1 min read
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  Reuters | Oct 29, 2022

  India's Shriram Transport Finance Profit Surges On Higher Interest Income

  Commercial vehicle sales and financing have seen a resurgence following a pandemic-stirred slump, with improving loan repayments also leading to better asset quality for both bank and non-bank lenders.

  1 min read
• 
  Reuters | Oct 29, 2022

  Tesla Faces US Criminal Probe Over Self-Driving Claims: Report

  The U.S. Department of Justice launched the previously undisclosed probe last year following more than a dozen crashes, some of them fatal, involving Tesla's driver assistance system Autopilot, which was activated during the accidents, the people said.

  4 mins read
• 
  Reuters | Oct 29, 2022

  Chip Shortage Forces Temporary Closure Of Volvo Cars Factory: Report

  The factory will be closed for one week due to the ongoing problem with semiconductor shortages, Volvo said.

  0 mins read
• 
  Reuters | Oct 29, 2022

  U.S., EU Launch Formal Group To Discuss Conflict Over EV Subsidies

  The talks come as auto manufacturers from Stuttgart to Seoul have been angered by Biden's $430 billion "Inflation Reduction Act", enacted in August and aimed at rolling back climate change and making Washington a world leader in the EV market.

  1 min read