Auto Industry News

Crude futures have been volatile since Russia's invasion of Ukraine in late February. Last week, Brent gained nearly 12%, while WTI rose almost 9%.

Raimondo is visiting a United Auto Workers local hall and meeting with Michigan politicians, officials from General Motors Co, Ford Motor and Chrysler-parent Stellantis on the chips push.

Australia's University of Queensland has partnered with analytics platform Teslascope for the research project, which it said would be a world-first trial that would check how owners of electric vehicles (EV) currently drive and charge their vehicles.

The company will launch its first product - an electric sports utility vehicle - in the first quarter of next year and aims to have three models within the next five years.

The Office of the Attorney General said it had informed the German carmaker and its Swiss dealership arm this month "that it considers the investigation to be complete and intends to drop the case," it said in a statement.

The investment will enable Ionity to more than quadruple the number of high-power 350 kilowatt charging points to 7,000 by 2025,

It will cut 1,000 tonnes of carbon emissions per year, equivalent to 40,000 diesel-powered journeys by road, and is expected to be fully autonomous in two years.

The company said it plans to complete construction of its general assembly, paint, casting, stamping and body shop facilities by Dec. 31.