Auto Industry
Reuters
Dec 26, 2021, 8:48 PM
The proposed loan issuance got a staggering response from investors with interest and commitment of about $1.5 billion, the Bengaluru-based company said.
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Reuters | Dec 26, 2021GM, Google, Others Join Retreat From CES Over Rising COVID-19 CasesGeneral Motors, Alphabet Inc.'s Google and its self-driving auto-technology company Waymo joined the companies no longer attending the Consumer Electronics Show (CES) in person early next month due to rising COVID-19 infections.1 min read
Reuters | Dec 26, 2021U.S. Opens Investigation Into 580,000 Tesla Vehicles Over Game FeatureThe agency said the decision to open the investigation was based on reports "Tesla's gameplay functionality is visible from the driver's seat and can be enabled while driving the vehicle."1 min read
Reuters | Dec 26, 2021Stellantis CEO Says EV Cost Burden Is 'Beyond The Limits' For AutomakersGovernments and investors want car manufacturers to speed up the transition to electric vehicles, but the costs are "beyond the limits" of what the auto industry can sustain, said Chief Executive Carlos Tavares.1 min read
Reuters | Dec 26, 2021Oil Prices Rally On Inventory Drawdown, Casting Omicron Caution To The WindU.S. inventories fell more than expected, with crude stocks down by 4.7 million barrels, though that is in part due to year-end tax considerations that encourage companies not to store crude barrels.1 min read
Reuters | Dec 26, 2021EV Maker Lucid Gets SEC Subpoena On $24-Billion Blank-Check DealLucid's deal with veteran dealmaker Michael Klein's blank-check firm earlier this year gave the combined company a pro-forma equity value of $24 billion, making it one of the biggest deals with Special Purpose Acquisition Companies (SPACs).1 min read
Reuters | Dec 26, 2021Canoo Revs Up U.S. Electric Vehicle Production Plan As Drops Overseas DealCanoo said starting production in Oklahoma remains on track for late 2023, but it also now expects to begin building electric vehicles in Arkansas next year, instead of using the VDL Nedcar plant.1 min read
Reuters | Dec 26, 2021Elon Musk: I'm Almost Done With Tesla Stock SalesOn Wednesday, Musk sold another 934,091 shares, bringing the total he has offloaded to 14.77 million - nearly 90% of the 17 million or so shares he had been expected to sell.1 min read
Reuters | Dec 26, 2021India's Crude Imports Hit 10-Month Peak As Refiners Bank On Strong DemandCrude oil imports last month rose 7.5% versus October and were also 0.5% higher than a year ago at 18.37 million tonnes, data on the website of the Petroleum Planning and Analysis Cell (PPAC) showed on Thursday.1 min read
