Auto Industry
Reuters
Aug 20, 2022, 8:56 PM
Innoviz Technologies will supply hardware and software to Volkswagen AG's Cariad unit in a deal valued at $4 billion.
2 Min
Reuters | Aug 20, 2022Michigan Working To Attract Chip Manufacturers Under New U.S. Bill - ReportMichigan 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 mins read
Reuters | Aug 20, 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 20, 2022Tata Motors To Buy Ford India's Manufacturing Plant For Rs. 725.70 Crore.Tata Motors signed an agreement to buy Ford Motor's manufacturing plant in the western state of Gujarat for Rs. 725.70 Crore.1 min read
Reuters | Aug 20, 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 20, 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 20, 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 20, 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 20, 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
