Cars
Reuters
Oct 29, 2022, 10:23 AM
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, 2022Intel Unit Mobileye Prices IPO Above Range To Raise $861 MillionThe IPO values Mobileye at $16.7 billion, a far cry from the $50 billion valuation that Intel was initially hoping to achieve.2 mins read
Reuters | Oct 29, 2022Automakers To Double Spending On EVs, Batteries To $1.2 Trillion By 2030The 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.2 mins read
Reuters | Oct 29, 2022Tesla Faces U.S. Criminal Probe Over Self-Driving Claims - ReportThe 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.4 mins read- Reuters | Oct 29, 2022U.S., EU Launch Formal Group To Discuss Conflict Over EV SubsidiesThe 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
Reuters | Oct 29, 2022Volkswagen No Longer Investing In Self-Driving Startup Argo AIThe 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
Reuters | Oct 29, 2022Analysis-Ford, VW Pop The Automated-Vehicle Bubble With Argo AI ExitAs 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 adviser3 mins read
Reuters | Oct 29, 2022Oil Prices Ease On Chinese Demand Data, Stronger DollarBrent 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
Reuters | Oct 29, 2022Nigeria Orders Final Seizure Of houses, Cars Of Former Oil MinisterAlison-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
