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Toyota Profit To Rise But Eyes Will Be On Its Shaky Supply Chain, EV Strategy
The world's biggest automaker by sales said last week its global production rebounded by 30 per cent in the quarter that ended in September but warned shortages of semiconductors and other components would continue to constrain output in coming months.
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RattanIndia To Buy Electric Motorcycle Maker Revolt
RattanIndia, whose shares soared 10% in morning trade, did not disclose the size of the deal. It's buying the stake in Revolt Motors at a time when eco-conscious consumers are turning to alternatives to conventional vehicles.
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What Does Elon Musk Want To Do With Twitter
Musk has been for long talking about creating a super app called X for which Twitter will provide the underlying architecture.
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India's Top Bikemaker Hero Launches E-Scooter To Chase Startups
Like some other legacy automakers in India, Hero has been a laggard in launching electric two-wheelers, giving startups such as Ather Energy, which is backed by Tiger Global, and Softbank Group-backed Ola Electric a first-mover advantage.
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Renault-Backed Beyonca EV Venture Touts Health Monitoring, Targets Audi In China
Led by current Renault China CEO Soh Weiming and backed by Renault and Dongfeng Motor, two-year-old Beyonca plans to unveil its first production car in the first quarter of next year with deliveries from 2024, Soh told Reuters.
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Musk Says Pepsi To Receive Tesla's First Semi Trucks In December
Tesla Inc is starting Semi electric commercial truck production and PepsiCo Inc will get the first deliveries on Dec. 1, the electric vehicle maker's chief Elon Musk tweeted on Thursday.
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Twitter Shares Fall As Investors Await Musk Funding Details
Details are sketchy around who all have backed Elon Musk's $44 Billion takeover of the social media network.
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EV Boom Requires US To Change Weight Limits For Trucks
Progressively, the amount of load the US roads take has increased and now EVs are pushing those numbers further
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Euler Motors Expects To Ramp Up Monthly Production To 1,000 Units
Euler is looking to ramp production by 10x after its new plant in North India starts operations
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Indian Carmakers Propose Relaxation Of Import Duties
Import taxes from 60% to 100% in the world's fourth-largest car market rank among the highest globally
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Stellantis To Halt Production At Italian Plant
The Melfi plant, which employs more than 7,000 workers, produces the Jeep Compass and Renegade models, some of Stellantis' bestsellers in Europe.
Read More →Stellantis Jeep Joint Venture In China To File For Bankruptcy
Stellantis said in a statement it had fully impaired the value of its investment in the joint venture in its results for the first half of 2022. It also said it would continue to provide service to Jeep customers in China.
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S. Korea Braces For Supply Disruptions As Trucker Strike Looms
Land Minister Won Hee-ryong said that the government would consider deploying military trucks to areas needed for urgent transport.
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GM Temporarily Halts Paid Advertising On Twitter
The largest U.S. automaker said it was "engaging with Twitter to understand the direction of the platform under their new ownership."
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India Can Buy As Much Russian Oil As It Wants, Outside Price Cap, Yellen Says
The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap.
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India Sends More Vacuum Gasoil To The U.S. As The West Shuns Russian Oil
India stepped up vacuum gasoil exports to the United States this year in an unusual trade flow for the oil product.
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India's Iraqi Oil Imports Fall To Lowest In 20 Months - Report
India's oil imports from Iraq plunged to a 20-month low in October as refiners continued to buy discounted Russian barrels and boosted purchases of West African crude.
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India's IOC Buys Nov Sokol Cargo At Near Parity To Dubai Benchmark - Report
Indian Oil Corp has purchased a cargo of Russia's Sokol oil for November delivery thorough a spot deal with a trading firm.
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Russian Oil Cap Doubts Spur Insurer Fears Of Ships Left At Sea
Oil-laden tankers risk being left languishing at sea if insurers do not urgently get clarity on an unfinished G7 and European Union plan to cap the price of Russian crude.
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Volkswagen: All Brands Have Halted Paid Activities On Twitter
Volkswagen's brands have halted all paid activities on Twitter until further notice.
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