Auto Industry

Reuters
Oct 29, 2022, 10:24 AM
Malaysian state oil firm Petronas said it would contest any claims on its assets by the heirs of a former Southeast Asian sultan, who are seeking $15 billion in compensation.
2 Min
Reuters | Oct 29, 2022Oil Falls But Notches Weekly Gain As OPEC+ Considers Output CutOil prices dipped choppy trading but notched their first weekly gain in five.2 mins read
Reuters | Oct 29, 2022U.S. Autonomous Vehicle Group Picks Ex-Senate Aide As DirectorThe Autonomous Vehicle Industry Association (AVIA) has tapped Jeff Farrah as its first executive director.2 mins read
Reuters | Oct 29, 2022Chip Shortage Forces Temporary Closure Of Volvo Cars Factory - GPVolvo Cars will temporary close one of its factories due to a chip shortage, the company told newspaper Goteborgs-Posten on Tuesday.0 mins read
Reuters | Oct 29, 2022Intel Unit Mobileye Prices IPO Above Range To Raise $861 MillionThe IPO values Mobileye at $16.7 billion, a far cry from the $50 billion valuation that Intel was initially hoping to achieve.2 mins read
Reuters | Oct 29, 2022Automakers To Double Spending On EVs, Batteries To $1.2 Trillion By 2030The EV investment figure, which has not previously been published, dwarfs previous investment estimates by Reuters and is more than twice the most recent calculation published just a year ago.2 mins read
Reuters | Oct 29, 2022Tesla Faces U.S. Criminal Probe Over Self-Driving Claims - ReportThe 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, 2022U.S., EU Launch Formal Group To Discuss Conflict Over EV SubsidiesThe 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
Reuters | Oct 29, 2022Volkswagen No Longer Investing In Self-Driving Startup Argo AIThe 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












































