Auto Industry
Reuters
Jul 17, 2022, 7:00 PM
The judge overseeing Twitter Inc's $44 billion lawsuit against Elon Musk has a no-nonsense reputation as well as the distinction of being one of the few jurists who has ever ordered a reluctant buyer to close a U.S. corporate merger.
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Reuters | Jul 17, 2022U.S. Not Expecting Saudi Arabia To Immediately Boost Oil OutputThe United States does not expect Saudi Arabia to immediately boost oil output and awaits the outcome of an OPEC+ meeting on Aug. 3.3 mins read
Reuters | Jul 17, 2022Ford, SK On Finalize U.S. EV Battery Joint VentureFord Motor Co and South Korean battery maker SK On Co along with its subsidiary finalized setting up a joint venture for building and operating battery production facilities in the United States.1 min read
Reuters | Jul 17, 2022U.S., Mexico Resolve Panasonic Auto Parts Plant Labor DisputeThe United States and Mexico announced a resolution to a dispute at a Panasonic auto parts plant in Mexico, with workers receiving an above-inflation pay rise after the firm rejected an agreement with a union that lacked lawful bargaining authority.2 mins read
Reuters | Jul 17, 2022UK Fast-Charging Battery Startup Nyobolt Raises $59 MillionNyobolt has raised 50 million pounds ($59 million) in Series B funding to build a UK manufacturing plant in 2023 to produce millions of battery cells.1 min read
Reuters | Jul 17, 2022Taiwan Weighs Foxconn Fine For China Chip Investment - ReportTaiwan's government is considering fining tech giant Foxconn up to T$25 million ($835,600) over its investment in a Chinese chip conglomerate without first getting regulatory approval.2 mins read
Reuters | Jul 16, 2022Musk Says Tesla Could Lower Car Prices If Inflation SlowsTesla CEO Elon Musk said the electric automaker could lower prices for cars if inflation calms down.1 min read
Reuters | Jul 16, 2022Munich Court Orders Tesla To Reimburse Customer For Autopilot ProblemsA Munich court has ordered Tesla to reimburse a customer most of the 112,000 euros she paid for a Model X SUV because of problems with the Autopilot function.1 min read
Reuters | Jul 16, 2022Oil Rises 2% As No Immediate Saudi Output Boost ExpectedOil gained 2.5% after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up crude production.3 mins read
