Auto Industry News
Tensions With U.S. Spur Chinese Buying Of Chipmaking Stocks
Chinese chipmakers' shares jumped by the most in two years this week as House of Representatives Speaker Nancy Pelosi's visit to Taiwan heightened tensions with the U.S., driving patriotic bets on a sector Beijing sees as key to its rivalry with Washington.
VinFast Hiring 8,000 Additional Employees To Boost Production
Aug 29, 2022 05:10 PM
Vietnam's VinFast is looking to hire 8,000 more employees for its electric-vehicle plant in Vietnam as it ramps up production to deliver its first battery-powered SUVs to the United States by the end of this year, company said.
Oil Prices End Week On Multi-Month Lows On Recession Fears
Aug 29, 2022 05:09 PM
Oil prices settled higher, recouping some of this week's losses on strong U.S. job growth data, but closed the week at their lowest levels since February, rattled by worries a recession could hit fuel demand.
Twitter Rejects Musk's Claims That He Was Hoodwinked
Aug 29, 2022 05:09 PM
Twitter Inc dismissed Elon Musk's claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company, saying that it was "implausible and contrary to fact."
Tesla Shareholders Broadly Follow Board Recommendations At Annual Meeting
Aug 29, 2022 05:09 PM
Tesla Inc shareholders voted for board recommendations on most issues at the company's annual meeting, including re-electing directors, approving a stock split, while rejecting proposals focused on environment and governance.
Biden To Sign Bill To Boost Chipmakers, Compete With China Aug. 9 - White House
Aug 29, 2022 05:09 PM
President Joe Biden next Tuesday will sign a bill to subsidize the U.S. semiconductor industry and boost efforts to make the United States more competitive with China, the White House said.
Oil Prices Rise From Multi-Month Lows On Supply Concerns
Aug 29, 2022 05:07 PM
Oil prices rose slightly, bouncing off their lowest levels since February, as concern over supply shortages was countered by expected declines in fuel demand.
Italy, Intel Close To $5 Billion Deal For Chip Factory - Sources
Aug 29, 2022 05:06 PM
Italy is close to clinching a deal initially worth $5 billion with Intel to build an advanced semiconductor packaging and assembly plant in the country, two sources briefed on discussions told Reuters.
Indian Automaker Mahindra & Mahindra Enjoys Strong First Quarter As COVID Restrictions Ease
Aug 29, 2022 05:04 PM
Mahindra and Mahindra Ltd reported a sharp jump in first-quarter net profit on improved demand for the Indian automaker's passenger vehicles and tractors.
Upcoming Launches
