Cars
Reuters
Jul 28, 2022, 8:52 PM
General Motors Co has lost nearly $5 billion since 2018 trying to build a robotaxi business in San Francisco, and now as the automaker's Cruise unit starts charging for rides, the losses are accelerating.
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Reuters | Jul 28, 2022U.S. Senate Votes To Advance Sweeping Semiconductor Industry BillThe legislation provides about $52 billion in government subsidies for U.S. semiconductor production as well as an investment tax credit for chip plants estimated to be worth $24 billion.2 mins read
Jaiveer Mehra | Jul 28, 2022Mahindra XUV400 Electric SUV Spied Testing Ahead Of September DebutAll-electric SUV’s design doesn’t stray far from the eXUV300 concept from the 2020 Auto Expo.1 min read
car&bike Team | Jul 30, 2022Audi India Inaugurates Audi Approved: Plus Facility In CoimbatoreAudi India recently inaugurated a new pre-owned luxury car Audi Approved: plus outlet in Coimbatore, Tamil Nadu.1 min read
Pratik Rakshit | Jul 28, 2022Tata Motors Signs MoU With EC Wheels India; To Supply 1,000 Xpres-T EVsThe deliveries of the Tata Xpres-T electric sedans to EC Wheels India will commence in phases.2 mins read
Reuters | Jul 28, 2022Nasdaq Falls With Dollar, Oil Rises; Earnings, Fed In FocusNasdaq closed lower on Monday after a choppy session for U.S. equities ahead of a big week of technology earnings reports while oil prices rose and treasury yields edged higher as investors braced for a Federal Reserve interest rate hike.3 mins read
Reuters | Jul 28, 2022Yellen: U.S. Talks With India On Price Cap On Russian Oil 'Encouraging'U.S. Treasury Secretary Janet Yellen described as "encouraging" talks with India about a proposed price cap on Russian oil that Washington is pushing to drive down oil prices and make it harder for Moscow to fund its war in Ukraine.1 min read
Reuters | Jul 28, 2022UK's BII To Invest In New Mahindra EV Unit At $9 Billion Valuation, Shares SoarBII will have a 4.8% ownership in the business, which will focus on four-wheel passenger electric vehicles (EVs). The unit will be wholly owned by Mahindra, the company said in a statement.1 min read
Reuters | Jul 28, 2022Indian EV Ride-Hailing Firm BluSmart Close To Raising $250 Million - CEOBluSmart, which runs an all-electric vehicle (EV) fleet, was expecting to finalise deals with impact funds and private equity investors within the next two months, Anmol Jaggi said.2 mins read
