Auto Industry
Reuters
Dec 27, 2021, 12:57 AM
Brent crude settled up $2.46, or 3.4%, at $73.98 a barrel, and U.S. West Texas Intermediate (WTI) crude rose $2.51, or 3.7%, to $71.12 a barrel.
1 Min
Reuters | Dec 27, 2021India Refiners' November Crude Processing At Near 2-Year HighIndia's fuel consumption fell in November after scaling a seven-month peak in October, as demand eased after the festive season.1 min read
Reuters | Dec 27, 2021California Halts Pony.ai's Driverless Testing Permit After AccidentOn Oct. 28, a Pony.ai vehicle operating in autonomous mode hit a road center divider and a traffic sign in Fremont after turning right, showed the technology firm's accident report filed with the California Department of Motor Vehicles (DMV).1 min read
Reuters | Dec 26, 2021German Mobility Startup Vay Raises $95 MillionVay raised $95 million from investors such as Kinnevik, Coatue and Eurazeo, as it planned to launch its first car-rental service in Hamburg next year.1 min read
Reuters | Dec 26, 2021Battery Maker Northvolt And Galp Energia Form JV To Build Lithium PlantNorthvolt will build a lithium processing plant with Portugal's Galp Energia with investments estimated at around 700 million euros ($789.6 million), as demand grows for lithium-ion batteries to power electric vehicles.1 min read
Reuters | Dec 26, 2021U.S. Commerce Chief: Funding For Semiconductor Production Could Slip To 2022U.S. Commerce Secretary Gina Raimondo on Tuesday said efforts in Congress to approve $52 billion to expand U.S. semiconductor manufacturing could slip into 2022.1 min read
Reuters | Dec 26, 2021Self-Driving Startup Robotics Research Raises $228 Million In FundingThe fundraising round also included an investment from Luminar Technologies, which makes lidar sensors used in self-driving cars.1 min read
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
