Cars

Reuters

Oct 29, 2022, 2:48 PM

Kosovo Will Not Delay Serb Car Plate Rule Despite Calls By West

The attempt by Kosovo's government to oblige its Serb minority to change their old car plates has been met with strong and sometimes violent resistance this year by local Serbs who live in the northern part of the country.

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  Reuters | Oct 29, 2022

  Ford, Volkswagen-Backed Argo AI To Shut Down- TechCrunch

  Argo employees were told that some of them would receive offers from the two automakers, TechCrunch said, adding that it was not clear how many employees would go to Ford, Volkswagen, or lose their jobs.

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  Reuters | Oct 29, 2022

  Intel's Mobileye Unit Valued At $22 Billion As Shares Cruise Higher

  The debut comes after a turbulent period when Mobileye settled for merely a third of the $50 billion valuation it was targeting earlier in its IPO.

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  Reuters | Oct 29, 2022

  Truck Maker Volvo To Build Battery Modules Plant In Belgium

  The new manufacturing line would be able to use battery cells both from partners and from a planned battery cell plant in Sweden.

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  Reuters | Oct 29, 2022

  Western Officials Finalizing Plans For Russia Oil-Price Cap

  Officials said no price range has been decided yet, however one person familiar with the process said the cap will be determined in line with the historical average of $63-64 a barrel - a level that could form a natural upper limit.

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  Reuters | Oct 29, 2022

  U.S. Autonomous Vehicle Group Picks Ex-Senate Aide As Director

  The Autonomous Vehicle Industry Association (AVIA) has tapped Jeff Farrah as its first executive director.

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  Reuters | Oct 29, 2022

  Chip Shortage Forces Temporary Closure Of Volvo Cars Factory - GP

  Volvo Cars will temporary close one of its factories due to a chip shortage, the company told newspaper Goteborgs-Posten on Tuesday.

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  Reuters | Oct 29, 2022

  Intel Unit Mobileye Prices IPO Above Range To Raise $861 Million

  The IPO values Mobileye at $16.7 billion, a far cry from the $50 billion valuation that Intel was initially hoping to achieve.

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  Reuters | Oct 29, 2022

  Automakers To Double Spending On EVs, Batteries To $1.2 Trillion By 2030

  The EV investment figure, which has not previously been published, dwarfs previous investment estimates by Reuters and is more than twice the most recent calculation published just a year ago.

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