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Tata Motors Aims To Sell 50,000 EVs In This Fiscal Year
Tata Motors aims to sell about 50,000 electric vehicles (EVs) in the fiscal year to March 31, and double that in the 2023/24 period, Chairman N Chandrasekaran told a shareholders' meeting on Monday.
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Oil Settles Higher On U.S. Inventory Drop, Russia Gas Cuts
Oil settled up more than $2 on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset concern about weaker demand and a U.S. interest rate hike.
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India's Reliance Industries Profit Surges, Powered By Oil Business
India's Reliance Industries Ltd reported a 46.3% jump in June-quarter profit, as robust refining margins due to intake of cheaper Russian crude and fuel exports buoyed its dominant oil-to-chemicals business.
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Twitter Has Legal Edge In Deal Dispute With Musk
Musk's main claim against Twitter is that the San Francisco-based company breached their deal because it will not share with him enough information to back up its claim that spam or fake accounts constitute less than 5% of its active users.
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Baidu Unveils Autonomous Vehicle Without Steering Wheel
China's search engine giant Baidu Inc on Thursday unveiled its new autonomous vehicle (AV) with a detachable steering wheel, with plans to put it to use for its robotaxi service in China next year.
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Elon Musk Seeks To Block Twitter Request For Expedited Trial
Musk's lawyers, in papers filed with the Delaware Chancery Court, said Twitter's "unjustifiable request" to rush the merger case to trial in two months should be rejected.
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Hyundai Motor Launches First Electric Sedan, Taking On Tesla
The Hyundai electric sedan will have a driving range of about 610 kilometres (380 miles), around 30% more than the Ioniq 5 crossover, Hyundai said.
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S.Korea Willing To Back U.S. Plan To Cap Russian Oil Price
South Korea said it was willing to support U-S. led plans to impose a price cap on Russia oil, agreeing with Washington's initiatives to limit revenue to Moscow while mitigating global inflation.
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Stocks Flat, Oil Gains As Rate Hikes Loom Following Strong Jobs Data
Wall Street ended the day flat on Friday as Treasury yields jumped following a stronger-than-expected U.S. jobs report, which suggested the Federal Reserve may push further interest rate hikes to cool the economy and slow inflation.
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GM, Travel Operator Pilot To Develop EV Charging Network
General Motors will develop a national network of 2,000 electric vehicle charging stalls at travel centers to make it easier to recharge near highways.
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Oil Rises 2% As No Immediate Saudi Output Boost Expected
Oil gained 2.5% after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up crude production.
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Libya's Oil Chief Rejects Sacking, Says Govt Mandate Expired
The head of Libya's National Oil Corp (NOC) rejected the prime minister's authority to sack him, raising the prospect of an open struggle for control of the state energy producer.
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U.S., Mexico Resolve Panasonic Auto Parts Plant Labor Dispute
The United States and Mexico announced a resolution to a dispute at a Panasonic auto parts plant in Mexico on Thursday, with workers receiving an above-inflation pay rise after the firm rejected an agreement with a union that lacked lawful bargaining authority.
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Hyundai Motor Says It Will Build Its First South Korean EV Factory
In May, Hyundai Motor Group, which houses Hyundai Motor and Kia Corp, said it would invest 63 trillion won ($48.1 billion) in South Korea through to 2025.
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Bosch Invests 3 Billion Euros In Chips, Says Shortage To Last Into 2023
Technology group Bosch expects supply bottlenecks for some types of chips to last into 2023 even as inflation reduces demand for certain consumer goods, the company said on Wednesday as it announced a 3 billion euro investment in chip production.
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Mahindra Aims To Lead Electric SUV Sales In India With New EV Unit
Mahindra is the latest Indian automaker to tap global green funds by hiving off its clean mobility business into a separate unit, taking a page from its rival Tata Motors' playbook
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Iveco To Leave Russia, To Transfer Stake In Truck JV To Local Partner
Iveco has a 33% stake in the AMT truck assembly joint venture with a local partner. Earlier this year, Marx said Iveco had started assessing whether to exit the JV and that, in the meantime, it had suspended its participation in the JV's activities.
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Renault: Expects Higher Production Of Semi-Conductors In Second Half Of This Year
Renault is seeing some improvement regarding the availability of semi-conductors.
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GM Outsells Toyota In Q2 As Inventory Shortages Linger
GM, which lost its crown as the U.S. sales leader last year for the first time since 1931 to Toyota, said it sold 582,401 vehicles in the quarter through June, 15% lower than a year earlier.
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U.S. Opens Special Probe Into Fatal Tesla Pedestrian Crash In California
U.S. auto safety regulators have opened a special investigation into a fatal pedestrian crash in California involving a 2018 Tesla Model 3 where an advanced driver assistance system is suspected of use.
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