Auto Industry News
Brazil's WEG and Neoenergia Announce Partnership In Charging Stations For Electric Vehicles
The company will provide equipment produced nationally with a power of 7.4 kilowatts, ideal for homes or residential buildings, and 22 kilowatts, which is more suitable for companies.
UK Self-Driving Startup Wayve Raises $200 Million To Scale Up Technology
Jan 23, 2022 09:22 PM
The Series B funding round brings the startup's total fundraising to $258 million and includes new investments from venture capital firms D1 Capital Partners, Moore Strategic Ventures and Linse Capital, plus fresh capital from investors including Microsoft.
Chip Supplier ASML Forecasts Strong 2022 Despite Fire Hit
Jan 23, 2022 09:14 PM
ASML Chief Executive Peter Wennink said "the expected impact of the fire in part of a building at our Berlin site is included" in the 2022 growth forecast.
Nonprofit Groups To Rate U.S. Vehicle Driver Monitoring Systems
Jan 23, 2022 07:40 PM
The announcements come amid scrutiny of Tesla's driver assistance system Autopilot, which handles some driving tasks and allows drivers to keep their hands off the wheel at times.
Oil Up, Settles Near 7-Year Highs After Iraq-Turkey Pipeline Outage
Jan 23, 2022 06:00 PM
Brent crude futures settled up 93 cents, or 1.1%, at $88.44 a barrel. The global benchmark earlier touched $89.13, its highest level since Oct. 13, 2014.
Asian Prices Fall Amid Chinese LNG Cargo Sale Tenders
Jan 23, 2022 05:48 PM
The average LNG price for March delivery into north-east Asia fell to around $23.00 per metric million British thermal units (mmBtu), down $9.60 or nearly 30% from the previous week, industry sources said.
Oil Slides On Friday, But Climbs For 5th Week On Supply Concerns
Jan 23, 2022 05:43 PM
Brent futures fell 49 cents, or 0.6%, to settle at $87.89 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 41 cents, or 0.5%, to settle at $85.14.
Europe's EV Drive Comes With Environmental, Social Risks, Stellantis CEO Says
Jan 23, 2022 12:39 AM
CEO Carlos Tavares has mapped out a 30 billion euro ($34 billion) electrification plan that helped Stellantis shares surge more than 60% in their first year.
Mobileye, Zeekr Aim For Self-Driving Car In China In 2024
Jan 23, 2022 12:31 AM
Mobileye plans to work with Geely Holding-backed Zeekr to launch in China what the companies claim will be the world's first mostly self-driving car in 2024.