Auto Industry
Reuters
Nov 28, 2021, 6:11 PM
Tesla boss Elon Musk took to Twitter on Monday to say that his company had not signed a contract with Hertz, spurring a brief halt in Tesla's stock rally.
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Reuters | Nov 28, 2021Battery Swap Startup Ample Hits Unicorn Status With New Funding RoundThe latest funding comes on the heels of a $160 million round in August that boosted the companys valuation to $890 million, according to investor website PitchBook.1 min read
Reuters | Nov 28, 2021Foxconn Finalizes $50 Million Stock Deal With Lordstown MotorsFoxconn has bought stock worth $50 million from the U.S. electric vehicle maker, finalizing an equity investment announced in September.1 min read
Reuters | Nov 28, 2021NXP Forecasts Sales Growth Driven By Connected VehiclesNXP Chief Executive Kurt Sievers said the company intended to focus on key areas where more chips are going into cars and where NXP believes it can hold a market position at least twice that of any competitor.1 min read
Reuters | Nov 28, 2021GM To Launch 10 EVs In South Korea By 2025, No Local Manufacturing Plans YetGM's South Korea unit builds about 600,000 vehicles a year, shipping many to the United States including the popular Chevrolet Trailblazer SUV, and employs about 12,000 people.1 min read
Reuters | Nov 28, 2021BP's Venture Capital Arm Looks To India In Clean Mobility DriveBP is also looking to invest in India's EV charging infrastructure to support BluSmart, as well as battery storage and energy management to solve India's challenges around peak power demand.1 min read
Reuters | Nov 28, 2021Goldman Sachs Says Global Oil Reserves Release 'A Drop In The Ocean'Brent crude prices have also priced in an additional hit to global oil demand of 1.5 million barrels per day for the next three months from the impact of COVID-19 in Europe and China, Goldman said.1 min read
Reuters | Nov 28, 2021Canoo Advances Manufacturing Dates For Electric VehiclesThe company now plans to expand to include Arkansas and other locations in Oklahoma, for research and development, software development, customer support and finance centers.1 min read
Reuters | Nov 28, 2021Oil Rises 3% To One-Week High After U.S. Taps Emergency ReservesBrent 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 $78.50.1 min read
