Auto Industry
Reuters
Sep 30, 2022, 5:11 AM
The $258 billion racketeering lawsuit accusing Elon Musk of running a pyramid scheme to support the cryptocurrency Dogecoin has expanded, adding seven new investor plaintiffs and six new defendants including his tunnel construction business Boring Co.
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Reuters | Sep 30, 2022Amazon Takes Down Seatbelt Alarm Blockers In India As Road Safety Risk ScrutinisedAmazon.com Inc said it has removed from its Indian marketplace listings of products that disable car seatbelt alarms, a day after the country's transport minister said he had asked the company to act against such devices.2 mins read
Reuters | Sep 30, 2022Italian Business Lobby In Talks Over Potential Gas RationingItaly's main business lobby group Confindustria is in talks with the government about potential gas rationing, the head of the organisation said.1 min read
Reuters | Sep 30, 2022Chip Tech Startup SiFive Launches Products Aimed At Automotive MarketSilicon Valley startup SiFive Inc launched three new products aimed at the automotive market, which is emerging as one of the hottest areas for chip makers with electric and self-driving cars expected to boost the number of chips needed.1 min read
Reuters | Sep 30, 2022Ferrari Woos Super Rich With $400,000, Petrol-Fuelled SUVFerrari unveiled its first SUV, the 390,000 euro ($397,000), 12-cylinder Purosangue, aimed at super-rich drivers still not ready to go all-electric.2 mins read
car&bike Team | Sep 30, 2022Tunisia Hikes Cooking Gas, Fuel Prices In Bid To Cut SubsidiesTunisia said it is raising the price of cooking gas cylinders by 14% and fuel by 3% as part of a plan to reduce energy subsidies, a policy change wanted by the country’s international lenders.1 min read
Reuters | Sep 30, 2022China EV Maker Leapmotor Launches Up To $1 Billion Hong Kong IPOChinese electric vehicle maker Zhejiang Leapmotor Technology is aiming to raise $1.03 billion in a Hong Kong initial public offering (IPO), according to regulatory filings, that would be the largest in the city in 2022.2 mins read
Reuters | Sep 30, 2022Electric Vehicles Row Overshadows S.Korean President's First U.S. VisitSouth Korea's opposition to new rules governing U.S. subsidies for electric vehicles are set to overshadow President Yoon Suk-yeol's first official trip to the United States, disrupting a recent display of alliance strength with Washington.3 mins read- Reuters | Sep 30, 2022U.S. Picks Team To Oversee $52.7 Billion In Semiconductor FundingThe Biden administration named a team of senior advisers to oversee $52.7 billion in government funding to boost semiconductor manufacturing and research.2 mins read
