Auto Industry
Reuters
Dec 26, 2021, 9:06 PM
The San Francisco Municipal Transportation Agency (SFMTA) last week challenged Cruise's application for a permit to deploy robotaxis in San Francisco on the grounds that it was illegally "double parking" during testing, creating safety and traffic concerns.
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Reuters | Dec 26, 2021Nissan To Build New Battery Recycling Factories In U.S., Europe By 2025Nissan plans to build new battery recycling factories in the United States and Europe by the end of fiscal 2025.1 min read
Reuters | Dec 26, 2021Indian Ride Hailing Firm Ola Raises $500 Million LoanThe proposed loan issuance got a staggering response from investors with interest and commitment of about $1.5 billion, the Bengaluru-based company said.1 min read
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
