Auto Industry

Reuters

Oct 29, 2022, 10:24 AM

Petronas To Fight Asset Claims By Southeast Asian Sultan's Heirs

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.

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  Reuters | Oct 29, 2022

  Oil Falls But Notches Weekly Gain As OPEC+ Considers Output Cut

  Oil prices dipped choppy trading but notched their first weekly gain in five.

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  Reuters | Oct 29, 2022

  U.S. Autonomous Vehicle Group Picks Ex-Senate Aide As Director

  The Autonomous Vehicle Industry Association (AVIA) has tapped Jeff Farrah as its first executive director.

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  Reuters | Oct 29, 2022

  Chip Shortage Forces Temporary Closure Of Volvo Cars Factory - GP

  Volvo Cars will temporary close one of its factories due to a chip shortage, the company told newspaper Goteborgs-Posten on Tuesday.

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  Reuters | Oct 29, 2022

  Intel Unit Mobileye Prices IPO Above Range To Raise $861 Million

  The IPO values Mobileye at $16.7 billion, a far cry from the $50 billion valuation that Intel was initially hoping to achieve.

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  Reuters | Oct 29, 2022

  Automakers To Double Spending On EVs, Batteries To $1.2 Trillion By 2030

  The 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.

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  Reuters | Oct 29, 2022

  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.

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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.

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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