Auto Industry News

Tesla Cut From S&P 500 ESG Index, And Elon Musk Tweets His Fury
S&P Dow Jones Indices has removed electric carmaker Tesla from the widely followed S&P 500 ESG Index because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles.

Startup Gatik Says It Will Put Self-Driving Trucks On The Road In Kansas
May 22, 2022 09:55 PM
Gatik said it will be putting its box trucks on the road in Kansas after state officials gave it and its partner and customer Walmart Inc the go-ahead.

Britishvolt, Scorpio Group To Research Maritime EV Batteries, Storage
May 22, 2022 08:25 PM
Britishvolt said that Monaco-based Scorpio Group had made a strategic investment in the electric vehicle (EV) battery startup and the two companies will research battery power and storage options for maritime shipping.

Sri Lanka Down To Last Day Of Petrol, PM Tells Crisis-Hit Nation
May 22, 2022 08:09 PM
Sri Lanka's new prime minister said the crisis-hit nation was down to its last day of petrol, as the country's power minister told citizens not to join the lengthy fuel queues that have galvanised weeks of anti-government protests.

Self-Driving Car Startup Wayve Taps Microsoft For 'Supercomputer Muscle'
May 22, 2022 07:26 PM
Wayve will use supercomputer infrastructure designed for the firm by its investor Microsoft to process vast amounts of data as it develops machine learning-based models for self-driving cars.

Volkswagen, Mahindra Explore Partnership For Electric Vehicle Components
May 22, 2022 04:58 PM
Volkswagen AG is exploring a partnership to supply electric components to Mahindra and Mahindra.

Oil Falls 2.5% As U.S. Refiners Ramp Up Output, Equities Retreat
May 22, 2022 04:23 PM
Oil prices fell 2.5%, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners ramped up output, and as crude futures followed Wall Street lower.

Musk Denies He Sexually Harassed Flight Attendant; Tesla Shares Sink
May 22, 2022 03:15 PM
Elon Musk has denounced as "utterly untrue" claims in a news report that he sexually harassed a flight attendant on a private jet in 2016.

Stellantis Sees India As Profitable Auto Market Amid Challenges In China, Russia
May 22, 2022 03:03 PM
Stellantis chief Carlos Tavares expects India to be a profitable market and a bigger growth opportunity than the carmaker previously expected as it faces challenges in countries such as China and Russia.

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