Auto Industry

Reuters

Sep 30, 2022, 5:23 AM

Car Electrification Unlikely To Erase Market For Ethanol, Says Producer

The global movement by governments and automakers to boost electrification of cars does not mean ethanol will be dead as a product, according to an executive of one of the world's largest producers of the biofuel.

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  Reuters | Sep 30, 2022

  Tesla Is Sued By Drivers Over Alleged False Autopilot, Full Self-Driving Claims

  Tesla Inc was sued on Wednesday in a proposed class action accusing Elon Musk's electric car company of misleading the public by falsely advertising its Autopilot and Full Self-Driving features.

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  Reuters | Sep 30, 2022

  Taiwan President Warns Of 'Volatile' Challenges Facing Chip Industry

  Taiwan's President Tsai Ing-wen warned the semiconductor industry faces new and "volatile" challenges, but said her government will work with the sector to overcome them.

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  Reuters | Sep 30, 2022

  Violent Protests Flare Up In Haiti Over Fuel Price Hikes, Rampant Crime

  Residents of Haiti's capital Port-au-Prince sheltered at home as gun fire rung out, road blocks and burning tires were placed along city streets and protesters threw stones in an angry response to expected new fuel price hikes and crime.

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  Reuters | Sep 30, 2022

  India Road Ministry Issues Draft Rules For Mandatory Rear Seat Belt Alarms

  The last date for public comments on draft rules is Oct. 5, according to the notification.

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  Reuters | Sep 30, 2022

  Tesla Weighs Reset For China Retail Strategy Even As Sales Boom

  Tesla is reevaluating the way it sells electric cars in China, its second-largest market, and considering closing some showrooms in flashy malls in cities like Beijing where traffic plunged during COVID restrictions, two people with knowledge of the plans said.

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  Reuters | Sep 30, 2022

  Indian Shares Post Weekly Decline As Tech, Autos Tumble

  Indian shares dropped nearly 2% to register a weekly decline, dragged by a sharp fall in technology and automobile stocks following a broader global selloff over recession worries.

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  Reuters | Sep 30, 2022

  Upset By High Prices, GM's Cruise Develops Its Own Chips For Self-Driving Cars

  General Motors' autonomous driving unit Cruise has developed its own chips for self-driving cars to be deployed by 2025, as they aim to bring down costs and scale up volume, executives said.

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  Reuters | Sep 30, 2022

  Oil Dips Nearly 1%, Reversing Gains After Bearish U.S. Economic Data

  Oil prices ended nearly 1% lower, reversing earlier gains as U.S. consumer prices unexpectedly rose in August, giving cover for the U.S. Federal Reserve to deliver another hefty interest rate increase next week.

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