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Auto Industry
Reuters
Dec 31, 2022, 5:17 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.
1 Min
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
Reuters | Dec 31, 2022Taiwan President Says She Looks Forward To Producing 'Democracy Chips' With U.STaiwan 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.2 mins read
Reuters | Dec 31, 2022Berkshire Hathaway Sells $34.4 Million Worth Of Shares In China's BYDThe sale lowered Berkshire's holdings in BYD's total issued H-shares to 14.95%0 mins read
Reuters | Dec 31, 2022U.S. Senator Manchin Says Treasury Should Limit Commercial EV Tax Credit UseThe $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, angering South Korea, the European Union, Japan and others.2 mins read
Reuters | Dec 31, 2022Oil Muted As Price Cap Proposal Eases Supply ConcernsA bigger-than-expected build in U.S. gasoline inventories and widening COVID-19 controls in China also added downward pressure on crude prices.2 mins read
Reuters | Dec 31, 2022Ukraine's Zelenskiy Says Europe Must Avoid Division, Set Low Price For Russia's OilUkraine's President Volodymyr Zelenskiy on Friday called on Europeans to remain united against Russia's war and to severely limit the price for Russian oil.2 mins read
Reuters | Dec 31, 2022Oil Prices Fall 2% As Chinese Demand Worries LingerU.S. West Texas Intermediate (WTI) crude futures were down $1.66, or 2.1%, at $76.28 a barrel. There was no WTI settlement on Thursday due to the U.S. Thanksgiving holiday and trading volumes remained low.2 mins read
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