Auto Industry
Reuters
Sep 30, 2022, 5:30 AM
Polestar's revenue nearly doubled in the first half of 2022 on soaring demand and it may have to raise its prices further if material costs continue to rise.
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Reuters | Sep 30, 2022Bosch To Invest $200 Million To Make Fuel Cell Stacks In South CarolinaBosch will invest more than $200 million to produce fuel cell stacks in its South Carolina facility, as the German auto supplier accelerates its transition to electrification.1 min read
Reuters | Sep 30, 2022Oil Gains Ahead Of OPEC+ Meeting; Russian Oil Price Cap LoomsOil prices climbed on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, though fears of China's COVID-19 curbs and weak global growth continued to limit gains and a potential cap on the price of Russian exports loomed.2 mins read
Reuters | Sep 30, 2022Taiwan President Says She Looks Forward To Producing 'Democracy Chips' With U.STaiwan looks forward to producing "democracy chips" with the United States, President Tsai Ing-wen told the visiting governor of the U.S. state of Arizona, Doug Ducey, the latest in a string of senior officials from the county to visit.2 mins read
Reuters | Sep 30, 2022GM, LG Energy Joint Venture Ohio Battery Plant Begins ProductionA General Motors and LG Energy Solution $2.3 billion joint venture battery production plant in Ohio has begun production.2 mins read
Reuters | Sep 30, 2022Toyota Triples Planned Investment To $3.8 Billion In U.S. Battery PlantToyota Motor Corp will boost its planned investment in a new U.S. battery plant from $1.29 billion to $3.8 billion, partly in response to rising consumer demand for electric vehicles, the company said.1 min read
Reuters | Sep 30, 2022Analysis-Musk's Bold Goal Of Selling 20 Million EVs Could Cost Tesla BillionsMusk has set his young company on an aggressive expansion path like no other auto executive has dreamed.4 mins read
Reuters | Sep 30, 2022Oil Prices Slide 1% After U.S. Fed Raises Interest RatesOil prices fell about 1% to a near two-week low in volatile trade after the U.S. Federal Reserve delivered another hefty rate hike to quell inflation that could reduce economic activity and demand for oil.2 mins read
Reuters | Sep 30, 2022Russian Mobilization Hikes Urgency Of Oil Price Cap - Ukrainian Presidential AdvisorOleg Ustenko criticized updated European Union guidance on sanctions on Russian coal shipments that he said could enable companies to transport Russian coal to third countries, which was not in the original spirit of the deal.2 mins read
