Auto Industry News
Barclays Sees Crude Surplus In Near-Term, Cuts Brent Price View
Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to "resilient" Russian supplies.
Australia To Target Vehicle Emissions To Boost Electric Car Supply
Dec 1, 2022 05:04 AM
Australia's government said it plans to introduce new regulations targeting vehicle carbon emissions to boost the uptake of electric cars, as it looks to catch up with other developed economies.
Musk Approaches Brain Chip Startup Synchron About Deal Amid Neuralink Delays -Sources
Dec 1, 2022 05:03 AM
Elon Musk has approached brain chip implant developer Synchron Inc about a potential investment as his own company Neuralink plays catch-up in the race to connect the human brain directly to machines, according to four people familiar with the matter.
EV Maker Nikola Beats Revenue Estimates On Higher Deliveries
Dec 1, 2022 05:03 AM
Nikola Corp exceeded market estimates for quarterly revenue as the electric-vehicle maker delivered more semi trucks after a production ramp-up, sending its shares 6% higher in trading before the bell.
U.S. Lawmakers Urge Joint Use Of Funds For Broadband, EV Charge Stations
Dec 1, 2022 05:03 AM
A group of 10 U.S. House Democrats asked President Joe Biden's administration to build electric vehicle charging stations together with broadband internet infrastructure under the $1 trillion infrastructure law approved in November 2021.
Foxconn To Build Autonomous Electric Tractors At Ohio Facility
Dec 1, 2022 05:02 AM
Taiwan's Foxconn, the world's largest contract electronics maker, said it will build driverless electric tractors for California-based Monarch Tractor at its Lordstown, Ohio, facility starting in early 2023.
S.Korean EV Battery Maker SK On Raises $1.5 Billion In Expansion Push - Report
Dec 1, 2022 05:02 AM
The battery unit of energy group SK Innovation Co Ltd has been in talks with a local private equity consortium which includes EastBridge Partners, Korea Investment Partners and Stella Investment
Oil Settles Up As IEA Hikes 2022 Demand Growth Forecast
Dec 1, 2022 05:01 AM
Oil prices settled up more than $2 after the International Energy Agency raised its oil demand growth forecast for this year as soaring natural gas prices have some consumers switching to oil.
Analysis-Oil Prices Turn More Volatile As Investors Exit The Market
Dec 1, 2022 05:00 AM
Traders and fund managers have left crude oil markets in recent months, dropping activity to a seven-year low amid the worst global energy crisis in decades as investors become unwilling to deal with persistently high volatility.