Auto Industry
Reuters
Oct 28, 2022, 4:29 AM
Data showed record U.S. crude exports, a hopeful sign for demand. Speculation that central banks could be nearing the end of rate-hiking cycles added support, after the European Central bank raised rates by 75 basis points.
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Reuters | Oct 28, 2022India's Shriram Transport Finance Profit Surges On Higher Interest IncomeCommercial 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.1 min read
Reuters | Oct 28, 2022Tesla Faces US 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 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
