Auto Industry
Reuters
Sep 30, 2022, 5:22 AM
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.
2 Min
Reuters | Sep 30, 2022Upset By High Prices, GM's Cruise Develops Its Own Chips For Self-Driving CarsGeneral 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.2 mins read
Reuters | Sep 30, 2022Oil Dips Nearly 1%, Reversing Gains After Bearish U.S. Economic DataOil 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.2 mins read
Reuters | Sep 30, 2022Uber Asks Its India Drivers To Ensure Rear Seatbelts In Their Cars WorkRide-hailing company Uber Technologies has asked its drivers in India to ensure backseat seatbelts in their vehicles are accessible to passengers and they work, days after a local business tycoon died in a crash involving his private car.0 mins read
Reuters | Sep 30, 2022Fiat Chrysler Gets New Chance To Block Mahindra 4x4s In Jeep Trademark CaseFiat Chrysler has received a second chance to permanently block U.S. sales of redesigned Roxor off-road vehicles made by Mahindra.2 mins read
Reuters | Sep 30, 2022The G7's Price Cap On Russian Oil Begins To Take ShapeThe Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow's ability to fund its invasion of Ukraine, a plan analysts say could work in the long term but might boost oil prices in coming months.4 mins read
Reuters | Sep 30, 2022Lebanon Central Bank Stops Providing Dollars For Gasoline ImportsLebanon's central bank said it has entirely ceased providing dollars for gasoline imports in a move that will likely lead to higher and more volatile prices as well as increased pressure on the local currency which has been steadily losing value.1 min read
Reuters | Sep 30, 2022Most Twitter Shareholders Vote In Favor Of Sale To Musk - SourcesA majority of Twitter Inc's shareholders have voted in favor of the social media company's $44 billion sale to Elon Musk, people familiar with the tally said.2 mins read- Reuters | Sep 30, 2022Chip Maker Wolfspeed To Build New U.S. Factory To Meet Surging EV DemandU.S. power chip maker Wolfspeed Inc said it will build a new multi-billion dollar factory in Chatham County, North Carolina to make the raw materials used for chips that power things like electric vehicles as demand surges.2 mins read
