Auto Industry
Reuters
Dec 26, 2021, 10:27 PM
The fundraising round also included an investment from Luminar Technologies, which makes lidar sensors used in self-driving cars.
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Reuters | Dec 26, 2021Toyota To Build New $1.3 Billion Battery Plant In North CarolinaThe new plant, at a site in Liberty that will begin production in 2025, will initially be capable of supplying lithium-ion batteries for 800,000 vehicles annually, and will "pave the way" for Toyota's U.S. production of electric vehicles.1 min read
Reuters | Dec 26, 2021GM's Cruise Disputes San Francisco Concerns On Stops, Says 'Double Parking' LegalThe San Francisco Municipal Transportation Agency (SFMTA) last week challenged Cruise's application for a permit to deploy robotaxis in San Francisco on the grounds that it was illegally "double parking" during testing, creating safety and traffic concerns.1 min read
Reuters | Dec 26, 2021Nissan To Build New Battery Recycling Factories In U.S., Europe By 2025Nissan plans to build new battery recycling factories in the United States and Europe by the end of fiscal 2025.1 min read
Reuters | Dec 26, 2021Indian Ride Hailing Firm Ola Raises $500 Million LoanThe proposed loan issuance got a staggering response from investors with interest and commitment of about $1.5 billion, the Bengaluru-based company said.1 min read
Reuters | Dec 26, 2021GM, Google, Others Join Retreat From CES Over Rising COVID-19 CasesGeneral Motors, Alphabet Inc.'s Google and its self-driving auto-technology company Waymo joined the companies no longer attending the Consumer Electronics Show (CES) in person early next month due to rising COVID-19 infections.1 min read
Reuters | Dec 26, 2021U.S. Opens Investigation Into 580,000 Tesla Vehicles Over Game FeatureThe agency said the decision to open the investigation was based on reports "Tesla's gameplay functionality is visible from the driver's seat and can be enabled while driving the vehicle."1 min read
Reuters | Dec 26, 2021Stellantis CEO Says EV Cost Burden Is 'Beyond The Limits' For AutomakersGovernments and investors want car manufacturers to speed up the transition to electric vehicles, but the costs are "beyond the limits" of what the auto industry can sustain, said Chief Executive Carlos Tavares.1 min read
Reuters | Dec 26, 2021Oil Prices Rally On Inventory Drawdown, Casting Omicron Caution To The WindU.S. inventories fell more than expected, with crude stocks down by 4.7 million barrels, though that is in part due to year-end tax considerations that encourage companies not to store crude barrels.1 min read
