Auto Industry

Reuters

Aug 29, 2022, 11:02 PM

Devastating Fire May Force Cuba To Resort To Floating Oil Storage

An inferno at Cuba's largest oil storage facility has killed at least one firefighter, injured many more, and threatens to further swell the fuel import bill for the impoverished island nation that relies on foreign oil for everything from transportation to its power grid.

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  Reuters | Aug 29, 2022

  Clashes In Oil-Rich Shabwa Test Yemen's New Presidential Council

  Yemen's new presidential council is under strain over clashes between nominal allies in oil-rich Shabwa this week, imperilling Saudi Arabia's efforts to strengthen an anti-Houthi coalition and potentially complicating international peace efforts.

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  Reuters | Aug 29, 2022

  Oil Settles Lower On Weak Economic Chinese Economic Data

  Oil prices settled lower after disappointing Chinese economic data renewed concerns of a global recession that would be expected to reduce fuel demand.

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  Reuters | Aug 29, 2022

  Barclays Sees Crude Surplus In Near-Term, Cuts Brent Price View

  Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to "resilient" Russian supplies.

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  Reuters | Aug 29, 2022

  Australia To Target Vehicle Emissions To Boost Electric Car Supply

  Australia's government said it plans to introduce new regulations targeting vehicle carbon emissions to boost the uptake of electric cars, as it looks to catch up with other developed economies.

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  Reuters | Aug 29, 2022

  Musk Approaches Brain Chip Startup Synchron About Deal Amid Neuralink Delays -Sources

  Elon Musk has approached brain chip implant developer Synchron Inc about a potential investment as his own company Neuralink plays catch-up in the race to connect the human brain directly to machines, according to four people familiar with the matter.

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  Reuters | Aug 29, 2022

  EV Maker Nikola Beats Revenue Estimates On Higher Deliveries

  Nikola Corp exceeded market estimates for quarterly revenue as the electric-vehicle maker delivered more semi trucks after a production ramp-up, sending its shares 6% higher in trading before the bell.

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  Reuters | Aug 29, 2022

  U.S. Lawmakers Urge Joint Use Of Funds For Broadband, EV Charge Stations

  A group of 10 U.S. House Democrats asked President Joe Biden's administration to build electric vehicle charging stations together with broadband internet infrastructure under the $1 trillion infrastructure law approved in November 2021.

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  Reuters | Aug 29, 2022

  Foxconn To Build Autonomous Electric Tractors At Ohio Facility

  Taiwan's Foxconn, the world's largest contract electronics maker, said it will build driverless electric tractors for California-based Monarch Tractor at its Lordstown, Ohio, facility starting in early 2023.

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