Auto Industry

Reuters

Oct 28, 2022, 4:22 AM

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.

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  Reuters | Oct 28, 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.

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  Reuters | Oct 28, 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.

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  Reuters | Oct 28, 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.

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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.

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  Reuters | Oct 28, 2022

  Down On Chips, Toyota Goes Back To Basics With Car Keys

  "As the shortage of semiconductors continues, this is a provisional measure aimed at delivering cars to customers as quickly as possible," Toyota said in a statement.

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  Reuters | Oct 28, 2022

  Twitter Shares To Be Suspended On NYSE As Musk Nears Takeover: Report

  The deal's completion would mark an end to a lawsuit by Twitter, which, along with investors, now expects the deal to be completed on its original terms of $54.20 per share.

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  Reuters | Oct 28, 2022

  Musk Wants Twitter To Be 'Most Respected Advertising Platform': Report

  Musk, Twitter co-founder Jack Dorsey and investors in the deal had previously suggested moving away from advertising and seeking revenue from subscriptions and other means.

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  Reuters | Oct 28, 2022

  Analysis-Ford, VW Pop The Automated-Vehicle Bubble With Argo AI Exit

  As Ford, General Motors Co and other companies began to realize they would need to step up investment over a longer period of time, "it was never clear what the financial returns were going to be" on automated vehicles, Evangelos Simoudis, an investor, author and corporate adviser

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