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Biden hops into Corvette, declares Detroit 'back' at EV-focused auto show

Biden hops into Corvette, declares Detroit ‘back’ at EV-focused auto show

Register now for FREE unlimited access to Reuters.com Register DETROIT, Sept 14 (Reuters) – President Joe Biden took a victory lap on Wednesday at the Detroit auto show as he highlighted automakers’ electric-vehicle push, including billions of dollars in investments in battery plants, on the back of new government support. Self-declared “car guy” Biden climbed …

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Arm sues Qualcomm, aiming to unwind Qualcomm's $1.4 bln Nuvia purchase

Arm sues Qualcomm, aiming to unwind Qualcomm’s $1.4 bln Nuvia purchase

Qualcomm logo is during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay Register now for FREE unlimited access to Reuters.com Register SAN FRANCISCO, Aug 31 (Reuters) – Chip technology firm Arm Ltd, which is owned by Softbank Group Corp (9984.T), on Wednesday said it had sued Qualcomm Inc (QCOM.O) …

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North American companies send in the robots, even as productivity slumps

North American companies send in the robots, even as productivity slumps

Aug 29 (Reuters) – North American companies snapped up a record number of robots in the first half of this year as they struggled to keep factories and warehouses humming in the face of an extremely tight labor market and soaring compensation costs. Companies ordered a record 12,305 machines in the second quarter valued at …

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As Japanese manufacturing fades, a factory town fights to stay alive

As Japanese manufacturing fades, a factory town fights to stay alive

HIGASHIOSAKA, Japan Aug 22 (Reuters) – The small factories in the western Japanese city of Higashiosaka for decades fuelled the thundering rise of the country’s biggest brands – but a weak yen and rising costs have accelerated a slow decline, and are reshaping the industrial heartland. Home to about 6,000 firms, 87% of which have …

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Toyota unit falsified emissions data from at least 2003, probe finds

Toyota unit falsified emissions data from at least 2003, probe finds

Hino Motors Ltd displays its new Hybrid Profia, a diesel-hybrid version of its large commercial truck model at its R&D Centre at Hino in Tokyo, Japan July 17, 2018. REUTERS/Naomi Tajitsu/File Photo Register now for FREE unlimited access to Reuters.com Register Committee publishes report on false data scandal at Hino Says engineers didn’t feel able …

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U.S. considers crackdown on memory chip makers in China

U.S. considers crackdown on memory chip makers in China

WASHINGTON, Aug 1 (Reuters) – The United States is considering limiting shipments of American chipmaking equipment to memory chip makers in China including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter, part of a bid to halt China’s semiconductor sector advances and protect U.S. companies. If President Joe Biden’s …

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Ford announces series of deals to accelerate EV push

Ford announces series of deals to accelerate EV push

Ford CEO Jim Farley attends the official launch of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, U.S. April 26, 2022. REUTERS/Rebecca Cook/File Photo Register now for FREE unlimited access to Reuters.com Register DETROIT, July 21 (Reuters) – Ford Motor Co (F.N) on Thursday announced …

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How China became ground zero for the auto chip shortage

How China became ground zero for the auto chip shortage

TAIPEI/SHANGHAI/SINGAPORE, July 19 (Reuters) – From his small office in Singapore, Kelvin Pang is ready to wager a $23 million payday that the worst of the chip shortage is not over for automakers – at least in China. Pang has bought 62,000 microcontrollers, chips that help control a range of functions from car engines and …

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