Auto Industry

Reuters

Sep 18, 2022, 3:57 AM

Vedanta, Foxconn To Invest $19.5 Billion In India's Gujarat For Chip, Display Project

Vedanta 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.

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  Reuters | Sep 18, 2022

  Truly Autonomous Cars May Be Impossible Without Helpful Human Touch

  Autonomous 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
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  Reuters | Sep 18, 2022

  Battery Startup ONE Aims To Slash Cell Cost, Deliver 600-Mile Range

  Michigan-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
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  Reuters | Sep 18, 2022

  U.S. Hopes China, India Will At Least Take Advantage Of Russian Oil Price Cap-Adeyemo

  U.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.

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  Reuters | Sep 18, 2022

  EU Plans To Cap Russian Gas Price As Putin Warns West Of Winter Freeze

  The 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
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  Reuters | Sep 18, 2022

  Oil Settles Below $90 As Recession Fears Mount

  Oil 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.

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  Reuters | Sep 18, 2022

  Stocks Jump As Treasury Yields Ease And Oil Prices Sell Off

  Global stocks rallied after recent losses as benchmark U.S. Treasury yields eased from three-month highs and oil prices fell below $90 a barrel.

  3 mins read
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  Reuters | Sep 18, 2022

  India's August Fuel Demand Steady M-O-M, Diesel Consumption Drops

  India's August fuel consumption was little changed from the previous month, government data released showed, even as diesel demand dropped to the lowest this year during monsoon season in the world's No. 3 oil consumer.

  3 mins read
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  Reuters | Sep 18, 2022

  Ecuador Reaches Preliminary Deals On Oil, Mining With Indigenous Groups

  Ecuador reached a preliminary agreement with indigenous groups to declare a temporary moratorium on 16 oil blocks, Energy and Mining Minister Xavier Vera said, a turning point in negotiations aimed at staving off renewed street protests.

  3 mins read