Auto Industry

Reuters

Oct 26, 2022, 8:05 PM

As EV Sales Grow, Battle Over U.S. Road Weight Limits Heats Up

Even before a recent spike in EV sales, U.S. roads have been carrying heavier loads, as cars and trucks climbed from an average of 3,200 pounds (1,451 kilos) to 4,200 pounds over the last four decades, according to the Environmental Protection Agency.

4 Min

• 
  Reuters | Oct 26, 2022

  Musk, Twitter Could Reach Deal To End Court Battle, Close Buyout Soon: Report

  Musk, who is also chief executive officer of electric car maker Tesla Inc, proposed to Twitter late on Monday he would change course and abide by his April agreement to buy the company for $54.20 per share, if Twitter dropped its litigation against him.

  4 mins read
• 
  Reuters | Oct 26, 2022

  Honda To Cut Car Output At Two Japanese Plants In October

  Two lines at Honda's Suzuka plant in western Japan will cut production by about 20% in October, while its assembly plant in Saitama prefecture, north of Tokyo, will lower production plans by about 40% for the month.

  1 min read
• 
  Reuters | Oct 26, 2022

  Explainer-What Is An 'Everything App' And Why Does Elon Musk Want To Make One?

  The concept of an everything app, often referred to as a "super app," is massively popular in Asia and tech companies across the world have tried to replicate it.

  2 mins read
• 
  Reuters | Oct 26, 2022

  Twitter Slips As Investors Await Funding Details On Musk's $44 Billion Deal

  Shares of the microblogging site were down marginally at $51.12, after rising 20% since Musk this week proposed to go ahead with the April bid of $54.20 per share to take Twitter private.

  2 mins read
• 
  Seshan Vijayraghvan | Oct 26, 2022

  Eco-Activists Storm Paris Motor Show And Vandalise Supercars Including A $180,000 Ferrari

  In addition to holding up banners and chanting slogans, four out of the near dozen protesters glued their hands to a few supercars and smeared black paint on their bonnets. This included a Ferrari Testarossa worth $180,000.

  2 mins read
• 
  Shubham Parashar | Oct 26, 2022

  Diwali 2022: Passenger Vehicles Sales Paces Up During Dhanteras – Report

  Sales of passenger vehicles went up by nearly a tenth in in the two days of Dhanteras.

  1 min read
• 
  Reuters | Oct 25, 2022

  Oil Jumps More Than 3% Ahead Of OPEC+ Meeting On Supply Cuts

  Oil rose by nearly $3 a barrel on expectations of a large cut in crude output from the OPEC+ producer group and as a weaker U.S. dollar made oil purchases less expensive.

  3 mins read
• 
  Reuters | Oct 25, 2022

  Lyft Hikes Service Fee For Rides As Insurance Costs Rise

  Lyft is increasing the service fee its U.S. riders pay directly to the company to cover higher insurance costs.

  1 min read