Auto Industry
Reuters
Oct 28, 2022, 4:18 AM
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, 2022Chip Shortage Forces Temporary Closure Of Volvo Cars Factory: ReportThe factory will be closed for one week due to the ongoing problem with semiconductor shortages, Volvo said.0 mins read
Reuters | Oct 28, 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 EV market.1 min read
Reuters | Oct 29, 2022Volkswagen No Longer Investing In Self-Driving Startup Argo AIVolkswagen 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
Reuters | Oct 28, 2022Down 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.1 min read
Reuters | Oct 28, 2022Twitter Shares To Be Suspended On NYSE As Musk Nears Takeover: ReportThe 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.1 min read
Reuters | Oct 28, 2022Musk Wants Twitter To Be 'Most Respected Advertising Platform': ReportMusk, 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.2 mins read
Reuters | Oct 28, 2022Analysis-Ford, VW Pop The Automated-Vehicle Bubble With Argo AI ExitAs 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 adviser3 mins read
Seshan Vijayraghvan | Oct 28, 2022Indian Hotel Company Installs 224 EV Chargers Across Its 90+ Properties In IndiaIHCL, which currently has 92 hotels and resorts across India, says the initiative is part of ‘Paathya’ the company’s ESG+ framework to drive its sustainability and social impact measures.2 mins read
