Auto Industry
Reuters
Aug 29, 2022, 10:45 PM
Michigan Governor Gretchen Whitmer said the state is well positioned to attract new investment in semiconductor chips manufacturing after Congress passed $52 billion in new subsidies.
2 Min
Reuters | Aug 29, 2022Auto Supplier Aptiv Cuts Forecast On Europe Gas Supply WorriesAptiv lowered its annual forecasts for profit and revenue, blaming production cuts by major automakers in Europe as the region braces for a disruption in gas supplies from Russia.1 min read
Reuters | Aug 29, 2022Britain Sets Out Roadmap For Self Driving Vehicle Usage By 2025Britain said it wanted a widespread rollout of self-driving vehicles on roads by 2025, announcing plans for new laws and 100 million pounds ($119.09 million) of funding.1 min read
Reuters | Aug 29, 2022India's Adani Power To Buy DB Power For Rs. 7,000 Cr.Adani Power Ltd are set to buy thermal power plant operator DB Power for an enterprise value of Rs. 7017 Crore ($879.14 million) as India's largest private thermal power producer looks to expand operations.1 min read
Reuters | Aug 29, 2022Oil Up 3% On Robust U.S. Fuel Consumption, Tight Supply OutlookOil prices gained about 3% as positive U.S. economic data and robust U.S. fuel consumption offset concerns that slowing economic growth in other countries could undercut demand.2 mins read
Reuters | Aug 29, 2022Bhutan Bans Import Of Most Vehicles As Foreign Exchange Reserves PlummetBhutan will ban the import of all vehicles except utility vehicles, heavy earthmoving machines and agriculture machinery to save dwindling foreign exchange reserves.1 min read
Reuters | Aug 29, 2022Oil Prices Down 1.5% For The Week On Recession JittersOil prices fell for the week on a stronger U.S. dollar and fears that an economic slowdown would weaken crude demand.2 mins read
Reuters | Aug 29, 2022Apple Supplier Foxconn To Invest $300 Million More In Northern Vietnam - ReportFoxconn has signed a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City to expand its facility in the north of the country to diversify and boost production.1 min read
Reuters | Aug 29, 2022ONGC Signs Agreement With ExxonMobil For Deepwater Exploration In IndiaONGC said it signed a HoA with global petroleum giant ExxonMobil for deepwater exploration in the country's East and West coasts.1 min read
