Auto Industry News
Truly Autonomous Cars May Be Impossible Without Helpful Human Touch
Autonomous vehicle (AV) startups have raised tens of billions of dollars based on promises to develop truly self-driving cars, but industry executives and experts say remote human supervisors may be needed permanently to help robot drivers in trouble.
Battery Startup ONE Aims To Slash Cell Cost, Deliver 600-Mile Range
Sep 18, 2022 03:49 AM
Michigan-based startup Our Next Energy has unveiled a new anode-free battery pack designed to slash cell cost as much as 50% while delivering up to 600 miles (965 km) of driving range, the company said.
U.S. Hopes China, India Will At Least Take Advantage Of Russian Oil Price Cap-Adeyemo
Sep 18, 2022 03:44 AM
U.S. Deputy Treasury Secretary Wally Adeyemo said he was hopeful that China and India would join the coalition of countries seeking to impose a price cap on Russian oil or simply use the cap to buy Russian oil at a cheaper price.
EU Plans To Cap Russian Gas Price As Putin Warns West Of Winter Freeze
Sep 18, 2022 03:09 AM
The European Union proposed a price cap on Russian gas after President Vladimir Putin threatened to cut off all energy supplies if it took such a step, raising the risk of rationing in some of the world's richest countries this winter.
Oil Settles Below $90 As Recession Fears Mount
Sep 18, 2022 03:05 AM
Oil prices settled sharply lower on Wednesday, slumping below levels seen prior to Russia's invasion of Ukraine as downbeat Chinese trade data fed investor worries about recession risks.
Stocks Jump As Treasury Yields Ease And Oil Prices Sell Off
Sep 18, 2022 03:02 AM
Global stocks rallied after recent losses as benchmark U.S. Treasury yields eased from three-month highs and oil prices fell below $90 a barrel.
India's August Fuel Demand Steady M-O-M, Diesel Consumption Drops
Sep 18, 2022 02:58 AM
India's August fuel consumption was little changed from the previous month, government data released showed, even as diesel demand dropped to the lowest this year during monsoon season in the world's No. 3 oil consumer.
Ecuador Reaches Preliminary Deals On Oil, Mining With Indigenous Groups
Sep 18, 2022 02:53 AM
Ecuador reached a preliminary agreement with indigenous groups to declare a temporary moratorium on 16 oil blocks, Energy and Mining Minister Xavier Vera said, a turning point in negotiations aimed at staving off renewed street protests.
Oil Dips Nearly 1%, Reversing Gains After Bearish U.S. Economic Data
Sep 17, 2022 09:36 PM
Oil prices ended nearly 1% lower, reversing earlier gains as U.S. consumer prices unexpectedly rose in August.
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