Latest News
EV Maker Lucid Files For New Offering To Raise $8 Billion In Stages
Lucid filed for a new offering of up to $8 billion as the luxury electric-vehicle maker looks to beef up working capital at a time when supply snarls have crimped its production.
China Says Automakers Must Have Licences For Mapping Data In Smart Cars
Dec 31, 2022 03:36 PM
China has said that automakers must apply for licences to collect geographic data using sensors on their intelligent vehicles.
Musk Sends Fresh Letter To Scrap Twitter Deal After Whistleblower Claims
Dec 31, 2022 03:33 PM
Musk has sent an additional letter of deal termination to Twitter Inc to include a recent whistleblower complaint.
Polestar Revenue Doubles As It Rides Electric Car Boom
Dec 31, 2022 03:33 PM
Polestar's revenue nearly doubled in the first half of 2022 on soaring demand and it may have to raise its prices further if material costs continue to rise.
Bosch To Invest $200 Million To Make Fuel Cell Stacks In South Carolina
Dec 31, 2022 03:32 PM
Bosch will invest more than $200 million to produce fuel cell stacks in its South Carolina facility, as the German auto supplier accelerates its transition to electrification.
Stocks Eye 3% Weekly Loss, Dollar Sky High Before U.S. Jobs Data
Dec 31, 2022 03:32 PM
World stocks were heading for a 3% loss on the week while the dollar hit 24-year highs against the yen for a second day ahead of key U.S. jobs data, as investors brace for aggressive rate hikes from the Federal Reserve.
Oil Gains Ahead Of OPEC+ Meeting; Russian Oil Price Cap Looms
Dec 31, 2022 03:32 PM
Oil prices climbed on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, though fears of China's COVID-19 curbs and weak global growth continued to limit gains and a potential cap on the price of Russian exports loomed.
Taiwan President Says She Looks Forward To Producing 'Democracy Chips' With U.S
Dec 31, 2022 03:29 PM
Taiwan looks forward to producing "democracy chips" with the United States, President Tsai Ing-wen told the visiting governor of the U.S. state of Arizona, Doug Ducey, the latest in a string of senior officials from the county to visit.
Tata Motors To Complete Acquisition Of Ford’s Sanand Plant On January 10, 2023
Dec 31, 2022 05:38 PM
The two companies signed an agreement for Tata Motors to acquire the Sanand plant in August 2022 as part of a deal worth Rs 725.7 crore.
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Russian Crude Prices Recover On Strong India, China Demand
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Oil Rises As IEA Hikes 2022 Demand Growth Forecast
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Stellantis Strikes Deal With Infineon To Secure Silicon Carbide Chips
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Electric Mobility
Electric Vehicles May Cut Global Refining Capacity Demand By Half In 2050: Report
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Gordon Murray Design's iStream Concept Pushes His Weightless Philosophy To EVs
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General Motors Unveils New Electric Motor That Will Be Used In The Hummer EV
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German Auto Giants Place Their Bets On Hydrogen Cars
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Auto Industry
Fire Dies Down On Ship Carrying VW Group Luxury Cars, With Little Left To Burn
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What To Do When Your Car Breaks Down?
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