Auto Industry News
Two Lawmakers Ask U.S. Regulator About Tesla Crashes, Safety Probes
Two U.S. lawmakers who chair subcommittees overseeing auto safety asked the federal auto safety regulator for a briefing on its probes into crashes involving Tesla Inc electric vehicles using Autopilot and advanced driver assistance systems, according to a letter seen by Reuters.
EU, South Korea Say U.S. Plan For EV Tax Breaks May Breach WTO Rules
Aug 29, 2022 09:52 PM
The European Union and South Korea have raised concerns about proposed U.S. tax credits for purchases of electric vehicles, saying they may discriminate against foreign-made vehicles and breach World Trade Organization (WTO) rules.
China's CATL To Build $7.6 Billion Hungary Battery Plant To Supply Mercedes, BMW
Aug 29, 2022 09:52 PM
China's CATL said it would build a 7.3 billion euro ($7.6 billion) battery plant in Hungary, Europe's largest so far, as the world's biggest electric vehicle battery maker gears up to meet growing demand from global automakers.
Oil Falls 2% On Expectations That U.S. Gulf Supply Disruption Will Ease
Aug 29, 2022 09:52 PM
Oil prices plunged around 2%, on expectations that supply disruptions in the U.S. Gulf of Mexico would be short-term, while recession fears clouded the demand outlook.
Russia-Backed Indian Refiner Nayara Energy Posts Record Profit
Aug 29, 2022 09:52 PM
India's Nayara Energy, part owned by Russian oil major RosneftMM>, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil and fuel exports.
Automakers Scramble To Decode New U.S. EV Tax Credits
Aug 29, 2022 09:52 PM
U.S. automakers and dealers are scrambling to figure out if they can still offer $7,500 tax credits to would-be buyers of electric vehicles (EVs).
EV Startup Fisker Explores Higher Production In 2023, U.S. Manufacturing
Aug 29, 2022 09:52 PM
Fisker Inc said it was exploring options to manufacture in the United States in 2024 and was considering ramping up production of its first vehicle, the Ocean SUV, in the second half of 2023.
Chasing Green Goals, Corporations Push Car Fleet Managers Toward EVs
Aug 29, 2022 09:52 PM
Large corporations are jumping on the "green" bandwagon left and right, which in turn is pushing firms that lease and manage car fleets to convert to electric vehicles (EVs) faster than they had ever thought possible.
Oil Drops With Dollar On Recession Fears; Wall Street Ends Mixed
Aug 29, 2022 09:45 PM
Crude oil sank with Treasury yields and the dollar on Thursday as recession worries intensified following the Bank of England's warning of a drawn-out downturn and ahead of key a hotly anticipated U.S. employment report.
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