Cars

Reuters

Oct 29, 2022, 10:23 AM

Tesla Faces U.S. Criminal Probe Over Self-Driving Claims - Report

The U.S. Department of Justice launched the previously undisclosed probe last year following more than a dozen crashes, some of them fatal, involving Tesla's driver assistance system Autopilot, which was activated during the accidents, the people said.

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  Reuters | Oct 29, 2022

  U.S., EU Launch Formal Group To Discuss Conflict Over EV Subsidies

  The talks come as auto manufacturers from Stuttgart to Seoul have been angered by Biden's $430 billion "Inflation Reduction Act", enacted in August and aimed at rolling back climate change and making Washington a world leader in the electric vehicle (EV) market.

  1 min read
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  Reuters | Oct 29, 2022

  Volkswagen No Longer Investing In Self-Driving Startup Argo AI

  The first outcomes from the partnership between Volkswagen's software unit Cariad and Bosch, announced in January this year, are planned for 2023, the statement said.

  1 min read
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  Reuters | Oct 29, 2022

  Analysis-Ford, VW Pop The Automated-Vehicle Bubble With Argo AI Exit

  As Ford, General Motors Co and other companies began to realize they would need to step up investment over a longer period of time, "it was never clear what the financial returns were going to be" on automated vehicles, Evangelos Simoudis, an investor, author and corporate adviser

  3 mins read
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  Reuters | Oct 29, 2022

  Oil Prices Ease On Chinese Demand Data, Stronger Dollar

  Brent crude futures for December delivery settled at $93.26 a barrel, down 24 cents, 0.3%, after rising 2% last week. U.S. West Texas Intermediate crude lost $84.58 a barrel, losing 47 cents, 0.6%. Both benchmarks had fallen by $2 a barrel earlier in the session.

  2 mins read
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  Reuters | Oct 29, 2022

  Nigeria Orders Final Seizure Of houses, Cars Of Former Oil Minister

  Alison-Madueke was a key figure in the administration of former President Goodluck Jonathan who served as petroleum minister from 2010 to 2015. She has been dogged by corruption allegations since she left office but denies the charges.

  1 min read
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  Reuters | Oct 29, 2022

  Oil Rises On Strong Crude Demand, Despite China Fears

  Figures on Wednesday showed record U.S. crude exports, a hopeful sign for demand, even as crude stocks rose. The U.S. dollar weakened in early trade on hopes that interest-rate hikes may become less aggressive.

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  Reuters | Oct 29, 2022

  Tesla Cars Will Not Be Approved As Fully Self Driving This Year, Musk Says

  Tesla says the cars still need to be driven with human oversight.

  2 mins read
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  Reuters | Oct 29, 2022

  Russia Poised To Largely Skirt New G7 Oil Price Cap

  The Group of Seven countries agreed last month to cap Russian oil sales at an enforced low price by Dec. 5 but faced consternation from main players in the global oil industry who feared the move could paralyse the trade worldwide.

  5 mins read