Cars
Reuters
Jul 28, 2022, 6:31 PM
The dollar's role as the safe-haven currency for investors concerned about the economic outlook has been burnished in recent weeks, with the U.S. currency roaring to two-decade highs against multiple currencies, while the euro sank to within a whisker of parity with the dollar.
3 Min
Reuters | Jul 28, 2022Panasonic Picks Kansas For Tesla EV Battery Plant, State Puts Investment At $4 billionJapan's Panasonic Energy Co, a major Tesla Inc supplier, said on Wednesday it had selected Kansas as the site for a new battery plant that state officials said would create up to 4,000 jobs with investment of up to $4 billion.3 mins read
Reuters | Jul 28, 2022U.S. And Japanese Insurers Back Autonomous Vehicle Firm May MobilityThe funding will allow May Mobility to continue work with Toyota Motor Corp on self-driving people movers, May Mobility said in a statement. May said it is aiming to take human drivers out of vehicles in commercial operation by next year.1 min read
Reuters | Jul 28, 2022Apple Eyes Fuel Purchases From Dashboard As It Revs Up Car SoftwareA new feature quietly unveiled at Apple's developer conference this month will allow CarPlay users to tap an app to navigate to a pump and buy gas straight from a screen in the car, skipping the usual process of inserting or tapping a credit card.3 mins read
Reuters | Jul 28, 2022Mahindra Open To Investing In EV Battery Cell Maker To Secure Supplies - CEOIndia's Mahindra & Mahindra could consider investing in a battery-cell company to meet future electrification needs, its CEO said, after the company raised funds for its new electric vehicle (EV) unit at a $9.1 billion valuation.2 mins read
Reuters | Jul 28, 2022How China Became Ground Zero For The Auto Chip ShortagePang has bought 62,000 microcontrollers, chips that help control a range of functions from car engines and transmissions to electric vehicle power systems and charging, which cost the original buyer $23.80 each in Germany.7 mins read
Reuters | Jul 28, 2022Tesla Plays 'Whack-A-Mole' With Snags As Deliveries Fall For First Time In Two YearsTesla Inc faces a series of hurdles ranging from production snags to rising inflation that may hit profits, Wall Street analysts said on Tuesday, as the electric-car maker reported a fall in deliveries for the first time in two years.2 mins read
Reuters | Jul 28, 2022Fans Take BYD To Task As Recall Confusion Clouds Chinese EV Maker's ImageCustomers of China's BYD Co Ltd, the world's biggest electric vehicle (EVs) maker by sales, have taken the unusual step of urging regulators to expand a battery replacement recall to safeguard the reputation of a national champion.4 mins read
Reuters | Jul 28, 2022Tesla Braces For Earnings Hit, But EV Delivery Outlook Is KeyTesla navigated supply-chain challenges better than rivals early in the pandemic, and Deutsche Bank analyst Emmanuel Rosner said high prices and cost-cutting could help Tesla pleasantly surprise investors.2 mins read
