Auto Industry
Reuters
Oct 28, 2022, 4:08 AM
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
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
Reuters | Oct 28, 2022Oil Prices Ease On Chinese Demand Data, Stronger DollarBrent crude futures for December delivery settled at $93.26 a barrel, down 24 cents, 0.3%, after rising 2% last week. U.S. West Texas Intermediate crude lost $84.58 a barrel, losing 47 cents, 0.6%. Both benchmarks had fallen by $2 a barrel earlier in the session.2 mins read
Reuters | Oct 28, 2022Nigeria Orders Final Seizure Of houses, Cars Of Former Oil MinisterAlison-Madueke was a key figure in the administration of former President Goodluck Jonathan who served as petroleum minister from 2010 to 2015. She has been dogged by corruption allegations since she left office but denies the charges.1 min read
