Auto Industry
Reuters
Aug 29, 2022, 10:41 PM
Oil prices dipped after two days of gain, as market participants weighed worries about global economic slowdown.
2 Min
Reuters | Aug 29, 2022SAIC Motor's Ridehailing Unit Raises 1 Billion Yuan In Series B FundingMomenta's investment in SAIC's ridehailing unit comes as startups have been pouring billions of dollars into autonomous technology, aiming to take an early lead in commercializing autonomous driving1 min read
Reuters | Aug 29, 2022Judge Orders Twitter To Give Elon Musk Former Executive's DocumentsTwitter Inc needs to give Elon Musk documents from a former Twitter executive who Musk said was a key figure in calculating the amount of fake accounts on the platform, according to a court order.1 min read
Reuters | Aug 29, 2022India Buys Discounted Venezuelan Petcoke To Replace CoalIndian companies are importing significant volumes of petroleum coke from Venezuela for the first time, trade sources and shipping data show, as the OPEC nation boosts exports not specifically targeted by U.S. sanctions.3 mins read
Reuters | Aug 29, 2022Oil Reverses Losses, Demand Concerns PersistOil prices edged higher in volatile trading as the market awaited clarity on talks to revive a deal that could allow more Iranian oil exports, and bleak economic data from leading crude buyer China limited gains.2 mins read- Reuters | Aug 29, 2022SAIC Motor's Robotaxi Unit Raises 1 Billion Yuan In Series B FundingA robotaxi unit of China’s state-owned SAIC Motor has raised more than 1 billion yuan ($147.37 million) in a second round of fundraising from its autonomous technology partner Momenta and several other institutions, according to a Momenta statement and a person familiar with the matter.1 min read
Reuters | Aug 29, 2022EV Maker Faraday Future To Raise Up To $600 Million In FundingEV startups that promised to disrupt the auto industry by using a technology-heavy approach to their vehicle designs are now scrambling to secure fresh lines of cash and cut costs due to rising commodity prices.1 min read
Reuters | Aug 29, 2022Arrival To Delay Spending On Bus Project After Posting Wider LossBritish electric vehicle start-up Arrival SA reported a wider quarterly loss on Thursday and said it would delay spending on its bus project as it looks to secure more capital, sending its U.S-listed shares down 13%.1 min read
Reuters | Aug 29, 2022India Shares Close At Near 4-Month High As Metals, Autos GainIndian shares closed at a near four-month high on Monday, led by metals and automobile stocks, as cooling oil prices and strong buying from foreign investors lifted sentiment.2 mins read
