Auto Industry
Reuters
Sep 30, 2022, 5:19 AM
U.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.
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Reuters | Sep 30, 2022Election-Time Brazil Gasoline Tax Cut To Lead Mills To Shun EthanolBrazilian President Jair Bolsonaro's move to sharply cut taxes on fuels, particularly gasoline, to boost his reelection chances has squeezed ethanol's profit margins and is expected to lead mills to shun the biofuel and focus strongly on sugar.2 mins read
Reuters | Sep 30, 2022Vedanta, Foxconn To Invest $19.5 Billion In India's Gujarat For Chip, Display ProjectVedanta Ltd and Taiwan's Foxconn will invest $19.5 billion under pacts signed to set up semiconductor and display production plants in Gujarat, the home state of Indian Prime Minister Narendra Modi.2 mins read
Reuters | Sep 30, 2022Truly Autonomous Cars May Be Impossible Without Helpful Human TouchAutonomous vehicle (AV) startups have raised tens of billions of dollars based on promises to develop truly self-driving cars, but industry executives and experts say remote human supervisors may be needed permanently to help robot drivers in trouble.7 mins read
Reuters | Sep 30, 2022Battery Startup ONE Aims To Slash Cell Cost, Deliver 600-Mile RangeMichigan-based startup Our Next Energy has unveiled a new anode-free battery pack designed to slash cell cost as much as 50% while delivering up to 600 miles (965 km) of driving range, the company said.1 min read- Reuters | Sep 30, 2022U.S. Hopes China, India Will At Least Take Advantage Of Russian Oil Price Cap-AdeyemoU.S. Deputy Treasury Secretary Wally Adeyemo said he was hopeful that China and India would join the coalition of countries seeking to impose a price cap on Russian oil or simply use the cap to buy Russian oil at a cheaper price.0 mins read
Reuters | Sep 30, 2022EU Plans To Cap Russian Gas Price As Putin Warns West Of Winter FreezeThe European Union proposed a price cap on Russian gas after President Vladimir Putin threatened to cut off all energy supplies if it took such a step, raising the risk of rationing in some of the world's richest countries this winter.3 mins read- Reuters | Sep 30, 2022Oil Settles Below $90 As Recession Fears MountOil prices settled sharply lower on Wednesday, slumping below levels seen prior to Russia's invasion of Ukraine as downbeat Chinese trade data fed investor worries about recession risks.2 mins read
Reuters | Sep 30, 2022Desktop Metal To Unveil 3D-Printed Sheet Metal Technology For Cars, PlanesU.S.-based 3D printer maker Desktop Metal Inc plans to unveil as early as a new technology that will dramatically simplify the industrial sheet metal production process, Chief Executive Officer Ric Fulop told Reuters.1 min read
