Auto Industry

Reuters

Nov 28, 2021, 3:33 PM

Canoo Advances Manufacturing Dates For Electric Vehicles

The company now plans to expand to include Arkansas and other locations in Oklahoma, for research and development, software development, customer support and finance centers.

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  Reuters | Nov 28, 2021

  Oil Rises 3% To One-Week High After U.S. Taps Emergency Reserves

  Brent futures rose $2.61, or 3.3%, to settle at $82.31, while U.S. West Texas Intermediate (WTI) crude rose $1.75, or 2.3%, to settle at $78.50.

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  Reuters | Nov 28, 2021

  India's October Crude Imports Stay Elevated As Consumption Rebounds

  Imports rose 11.1% to 17.09 million tonnes from the same month a year earlier, according to data on the website of the Petroleum Planning and Analysis Cell.

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  Reuters | Nov 28, 2021

  India's Release Of 5 Million Barrels Oil From Stockpile A 'Symbolic Gesture'

  The government official said the release from India's strategic petroleum reserve (SPR) was "a symbolic gesture" as it needed to create space as part of efforts to make money from renting out the storage and was already selling the oil.

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  Reuters | Nov 28, 2021

  Oil Producers Cannot Hold Consumers To Ransom, Says India Oil Minister

  Ahead of the OPEC+ meeting next week to set output policy, Puri blamed the key producers for keeping supplies lower than demand.

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  Reuters | Nov 27, 2021

  Oil Settles Down $10/Barrel In Largest Daily Drop Since April 2020

  Oil fell with global equities markets on fears the variant, could dampen economic growth and fuel demand.

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  Reuters | Nov 27, 2021

  Apple Global Battery Development Chief Moves To Volkswagen

  This is the second time in recent months that an Apple executive has left for an automaker. Apple lost its head of car project, Doug Field, to Ford Motor in September.

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  Reuters | Nov 27, 2021

  Nvidia Launches New Products To Plug Cars, Factories Into Its Omniverse

  Nvidia is looking to capitalize on the intense competition among automakers to develop vehicles that can drive themselves and deliver sophisticated entertainment and information to the humans on board.

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  Reuters | Nov 27, 2021

  First Cobalt Aims To Create Specialist EV Battery Materials Facility In North America

  First Cobalt aims to create North America's first specialist facility for producing electric vehicle battery materials such as cathode chemicals.

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