AUTO

Honda to start out producing new hydrogen gas cell system co-developed with GM

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TOKYO, Feb 2 (Reuters) – Japan’s Honda Motor Co (7267.T) stated it is going to begin producing a brand new hydrogen gas cell system collectively developed with Common Motors Co (GM.N) this 12 months and step by step step up gross sales this decade, in a bid to develop its hydrogen enterprise. Honda will goal … Read more

MoneyGram boss says no peak in sight for F1’s U.S. development

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LONDON, Jan 31 (Reuters) – Formulation One’s surging recognition in the USA, turbocharged by hit Netflix docu-series ‘Drive to Survive’, has loads of gasoline left within the tank in accordance with MoneyGram chief govt Alex Holmes. The Dallas-based cash switch and funds firm will begin the 2023 season, which has three grands prix in the … Read more

U.S. seeks Tesla driver-assist paperwork; firm hikes capex forecast

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WASHINGTON, Jan 31 (Reuters) – Tesla Inc (TSLA.O) disclosed on Tuesday the U.S. Justice Division has sought paperwork associated to its Full Self-Driving (FSD) and Autopilot driver-assistance techniques as regulatory scrutiny intensifies. The automaker mentioned in a submitting it “has acquired requests from the DOJ for paperwork associated to Tesla’s Autopilot and FSD options.” Reuters … Read more

Norway wealth fund posts document $164 bln loss

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Loss in 2022 exceeds earlier document from 2008 Inflation, geopolitical tensions stay threat elements Document influx of cash from oil and gasoline trade OSLO, Jan 31 (Reuters) – Norway’s wealth fund, one of many world’s largest buyers, posted a document lack of 1.64 trillion crowns ($164.4 billion) for 2022, bringing to an finish a three-year … Read more

Ford to chop costs of Mustang Mach-E, following Tesla’s lead

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Jan 30 (Reuters) – Ford Motor Co (F.N) on Monday reduce costs of its electrical crossover SUV Mustang Mach-E by as a lot as $5,900 per automobile, weeks after rival Tesla Inc (TSLA.O) slashed costs globally on its electrical automobiles by as a lot as 20%. Shares of Ford closed down 2.9% in above common … Read more

Asia shares flip cagey as fee hikes, earnings loom

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https://tmsnrt.rs/2zpUAr4 Fed seen mountain climbing 25bp this week, ECB and BOE by 50bp Tech giants lead host of earnings outcomes China shares up as vacation journey surges SYDNEY, Jan 30 (Reuters) – Asian shares turned cagey on Monday forward of every week that’s sure to see rates of interest rise in Europe and the USA, … Read more

Rheinmetall eyes increase in munitions output, HIMARS manufacturing in Germany

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DUESSELDORF, Jan 29 (Reuters) – German arms-maker Rheinmetall is able to tremendously increase the output of tank and artillery munitions to fulfill sturdy demand in Ukraine and the West, and will begin producing HIMARS a number of rocket launchers in Germany, CEO Armin Papperger advised Reuters. He spoke days earlier than Germany’s defence trade bosses … Read more

EV maker Lucid surges on report Saudi PIF to purchase remaining stake

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Jan 27 (Reuters) – Lucid Group’s (LCID.O) shares surged 43% on Friday, paring positive factors after doubling on market hypothesis that Saudi Arabia’s Public Funding Fund (PIF) needed to purchase out the electrical automobile maker. The hypothesis originated from an “raw” alert attributed to offers web site Betaville, utilizing its time period for market gossip. … Read more

Unique: Tesla’s Musk met prime Biden officers on EVs in Washington Friday

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WASHINGTON, Jan 27 (Reuters) – Tesla (TSLA.O) Chief Government Elon Musk met two prime White Home officers on Friday in Washington to debate how the automobile maker and Democratic President Joe Biden might work collectively to advance electrical automobile manufacturing and velocity electrification of U.S. automobile networks. Musk met John Podesta, a Democratic stalwart who … Read more

Musk outlines Tesla’s recession playbook: claw again prices

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Jan 26 (Reuters) – Elon Musk has a playbook for Tesla (TSLA.O) headed into what he believes shall be a “severe” recession: reduce prices on every part from components to logistics, whereas protecting the strain on rivals with discounted sticker costs. In a convention name to debate Tesla’s fourth-quarter outcomes, Musk and different executives outlined … Read more