By David Shepardson WASHINGTON (Reuters) -Electric vehicle manufacturer Tesla on Tuesday urged the Biden administration to finalize much tougher fuel economy standards through 2032 than U.S. regulators have proposed. The National Highway Traffic Safety Administration (NHTSA) in July proposed raising Corporate Average Fuel Economy (CAFE) car requirements by 2% and by 4% for trucks and […]
Basel Committee Proposes Crypto Disclosures from Banks by January 2025
Cam White | October 17, 2023
LONDON (Reuters) – Global banking regulators on Tuesday proposed a standardized format for major banks to disclose their holdings of crypto assets from January 2025 to support “market discipline” by giving a complete picture to investors. The Basel Committee of banking regulators from the world’s main financial centers agreed new rules last December on how […]
Ferrari to Accept Crypto as Payment for Its Cars in the U.S.
Cam White | October 15, 2023
By Giulio Piovaccari MILAN (Reuters) – Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief told Reuters. The vast majority of blue-chip companies have steered clear of crypto as the […]
Boeing, Spirit Expand Inspections for 737 Max Production Defect
Cam White | October 13, 2023
(Reuters) -Boeing and Spirit AeroSystems have expanded the scope of their ongoing inspections of a production defect affecting 737 Max 8 aircraft, Boeing said on Thursday. The planemaker in August identified a new quality problem with its popular 737 MAX aircraft involving supplier Spirit that resulted in improperly drilled holes on the aft pressure bulkhead […]
Kia Corp Unveils Three Small to Mid-Sized EVs to Widen Its Appeal
Cam White | October 12, 2023
By Heekyong Yang SEOUL (Reuters) -Kia Corp on Thursday unveiled three new small-to-medium sized electric vehicles (EV) to try to attract a wider range of customers and accelerate its electrification drive. The South Korean automaker said it planned to offer two electric compact sport-utility vehicles (SUVs) – EV5 and EV3 – and an electric sedan […]
GSK Settles Another California Lawsuit on Heartburn Drug Zantac
Cam White | October 11, 2023
By Eva Mathews and Maggie Fick (Reuters) – GSK on Wednesday said it agreed to settle another lawsuit in California alleging its discontinued heartburn drug Zantac caused cancer, as the British drugmaker sought to end costly litigation that has weighed on shares. The company, which has so far only settled cases in California, did not […]
Daimler Truck Premieres New eActros 600 in Step Towards All-Electric Shift
Cam White | October 10, 2023
BERLIN (Reuters) – Mercedes-Benz Trucks, the European division of commercial vehicle maker Daimler Truck, premiered its battery-electric long-haul truck eActros 600 on Tuesday, with series production planned for the end of 2024. It will be produced on Mercedes-Benz Trucks’ existing assembly line in Woerth am Rhein, Germany, in parallel to diesel vehicles. The company is […]
Tesla’s China-Made EV Sales Volume Falls 10.9% Year-on-Year in Sept
Cam White | October 8, 2023
BEIJING/SHANGHAI (Reuters) – U.S. automaker Tesla sold 74,073 China-made electric vehicles (EVs) in September, a 10.9% decrease from a year earlier, showed data from the China Passenger Car Association (CPCA) on Sunday. Sales of China-made Model 3 and Model Y cars were down 12.0% from a month earlier. Chinese rival BYD, with its Dynasty and […]
Chatgpt-Owner OpenAI Is Exploring Making Its Own AI Chips
Cam White | October 6, 2023
By Anna Tong, Max A. Cherney, Christopher Bing and Stephen Nellis SAN FRANCISCO/WASHINGTON (Reuters) – OpenAI, the company behind ChatGPT, is exploring making its own artificial intelligence chips and has gone as far as evaluating a potential acquisition target, according to people familiar with the company’s plans. The company has not yet decided to move […]
Robots Are Making French Fries Faster, Better than Humans
Cam White | October 5, 2023
PASADENA, Calif. (Reuters) -Fast-food French fries and onion rings are going high-tech, thanks to a company in Southern California. Miso Robotics Inc in Pasadena has started rolling out its Flippy 2 robot, which automates the process of deep frying potatoes, onions and other foods. A big robotic arm like those in auto plants – directed […]