Auto Industry

Reuters

Jul 28, 2022, 9:21 PM

Indian Shares Close At Over 1-Month High On Bank, Auto Boost

Indian shares closed at a more than one-month high on Tuesday as banking and auto companies gained, while the rupee recovered after breaching 80 against the dollar.

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  Reuters | Jul 28, 2022

  GM, Ford Seek U.S. OK To Deploy Self-Driving Vehicles Without Steering Wheels

  NHTSA has authority to grant petitions to allow a limited number of vehicles to operate on U.S. roads without required human controls.

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  car&bike Team | Jul 28, 2022

  Volkswagen Taigun Tales: Decoding Driving Dynamics And Ride Quality

  The suspension was tuned to deliver the best ride quality, so that whatever potholes or bad roads you encounter

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  car&bike Team | Jul 28, 2022

  Volkswagen Taigun Tales: The Success Story Of VW’s SUV Continues A Year On

  It's been a year since the Taigun SUV was launched in India and since then, it’s entered the lives of thousands of users, some who have upgraded to buying the SUV from a Polo or Vento and others who are new to the brand.

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  Reuters | Jul 28, 2022

  STMicro, GlobalFoundries Plan New $5.7 Billion French Chip Factory

  The project represents the lion's share of 6.7 billion euros ($6.8 billion) of investment from major global companies that President Emmanuel Macron is due to announce at this year's Choose France summit in Versailles.

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  Reuters | Jul 28, 2022

  S.Korea Targets Localising 50% Of Chip Materials Supply By 2030

  South Korea said it aimed at local sourcing for half of its materials, components and equipment in semiconductor manufacturing by 2030, up from 30% currently.

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  Reuters | Jul 28, 2022

  Redwood Materials Plans To Spend $3.5 Billion On Making EV Battery Essentials

  The auto industry has been ramping up production of electric vehicles (EV) to meet a demand surge, driving up orders for batteries and raw materials such as lithium, cobalt, etc.

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  Reuters | Jul 28, 2022

  GM's Cruise Robotaxi Unit Drives Deeper Into The Red

  General Motors Co has lost nearly $5 billion since 2018 trying to build a robotaxi business in San Francisco, and now as the automaker's Cruise unit starts charging for rides, the losses are accelerating.

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  Reuters | Jul 28, 2022

  U.S. Senate Votes To Advance Sweeping Semiconductor Industry Bill

  The legislation provides about $52 billion in government subsidies for U.S. semiconductor production as well as an investment tax credit for chip plants estimated to be worth $24 billion.

  2 mins read