Auto Industry
Reuters
Aug 29, 2022, 5:09 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.
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Reuters | Aug 29, 2022Oil Prices Rise From Multi-Month Lows On Supply ConcernsOil prices rose slightly, bouncing off their lowest levels since February, as concern over supply shortages was countered by expected declines in fuel demand.2 mins read
Reuters | Aug 29, 2022Italy, Intel Close To $5 Billion Deal For Chip Factory - SourcesItaly 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.2 mins read
Reuters | Aug 29, 2022Indian Automaker Mahindra & Mahindra Enjoys Strong First Quarter As COVID Restrictions EaseMahindra and Mahindra Ltd reported a sharp jump in first-quarter net profit on improved demand for the Indian automaker's passenger vehicles and tractors.1 min read
Reuters | Aug 29, 2022Oil Falls To Nearly 6-Month Lows After Surprise U.S. Crude, Gasoline BuildOil prices slid about 4% to almost six-month lows, after U.S. data showed crude and gasoline stockpiles unexpectedly surged last week and as OPEC+ said it would raise its oil output target by 100,000 barrels per day (bpd).2 mins read- Reuters | Aug 29, 2022Oil Prices Rebound On Supply Concerns After Drop To Near 6-Month LowOil prices rose as supply concerns triggered a rebound from multi-month lows plumbed in the previous session after U.S. data signalled weak fuel demand.2 mins read
Reuters | Aug 29, 2022GM Doubles Miles Open To Its Super Cruise TechnologyGM said owners of certain vehicles equipped with its Super Cruise assisted driving system will now be able to use it on 400,000 miles (643,740 km) of North American roads.2 mins read
Reuters | Aug 29, 2022India Cuts Fuel Export Taxes, Hikes Tax On Local CrudeIndia has cut fuel export taxes for the second time in less than two weeks and increased a windfall tax on locally produced crude oil1 min read
Reuters | Aug 29, 2022Toyota-Panasonic Battery JV To Buy Lithium From ioneer's Nevada MineA joint battery venture of Toyota Motor Corp and Panasonic Corp will buy lithium from ioneer Ltd's Rhyolite Ridge mining project and use the metal to build electric vehicle batteries in the United States.2 mins read
