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Auto Industry
Reuters
Dec 31, 2022, 5:19 PM
The main districts of Chinese tech hub Shenzhen shut down public transport and extended curbs on public activities as cities across China battled COVID-19 outbreaks that have dampened the outlook for economic recovery.
3 Min
Reuters | Dec 31, 2022Oil Climbs Ahead Of OPEC+ Meeting Next WeekOil prices rose on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China's COVID-19 curbs and weakness in the global economy loomed over the market.3 mins read
Reuters | Dec 31, 2022SoftBank Plans $35 Million Bet On India's GoMechanic - ReportVision Fund's early-stage talks with GoMechanic are being held around a valuation of $600-700 million, with Malaysian sovereign fund Khazanah and existing investor Tiger Global also planning to invest in the $100 million funding round.2 mins read
Reuters | Dec 31, 2022Resigned Riders Of Gasoline-Fueled Motorbikes Pay For Parking In ParisParis's town hall decision to make gasoline-fueled motorcycles pay for parking kicked in this Thursday, triggering reactions from riders ranging from resignation to dissatisfaction.1 min read
Reuters | Dec 31, 2022China Says Automakers Must Have Licences For Mapping Data In Smart CarsChina has said that automakers must apply for licences to collect geographic data using sensors on their intelligent vehicles.1 min read
Reuters | Dec 31, 2022Musk Sends Fresh Letter To Scrap Twitter Deal After Whistleblower ClaimsMusk has sent an additional letter of deal termination to Twitter Inc to include a recent whistleblower complaint.1 min read
Reuters | Dec 31, 2022Polestar Revenue Doubles As It Rides Electric Car BoomPolestar'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.1 min read
Reuters | Dec 31, 2022Bosch To Invest $200 Million To Make Fuel Cell Stacks In South CarolinaBosch 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.1 min read
Reuters | Dec 31, 2022Oil Gains Ahead Of OPEC+ Meeting; Russian Oil Price Cap LoomsOil 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.2 mins read
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