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Uber Turns Cash Flow Positive For The First Time, Shares Surge

Dec 1, 2022, 1:39 AM

Uber Turns Cash Flow Positive For The First Time, Shares Surge

Uber Technologies Inc reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its ride-hailing and food-delivery services.

1 Min

Reuters | Dec 1, 2022
China's CATL Reshuffles Management As Billionaire Executive Exits
China's CATL said its vice chairman and deputy general manager Huang Shilin had resigned and would leave the battery maker to explore business opportunities elsewhere.
1 min read
Reuters | Dec 1, 2022
Shenzhen Accelerates China's Driverless Car Dreams By David Kirton
On a busy downtown street three delivery bikes suddenly dart over the pedestrian crossing ahead of the car. On the car's dashboard they look like small 3D blue blocks from a 1990s video game.
4 mins read
Reuters | Dec 1, 2022
Nikola To Buy Battery Supplier Romeo Power For $144 Million
Nikola Corp has agreed to buy battery supplier Romeo Power Inc for about $144 million in stock, the electric truck maker said on Monday, in a move that will help jumpstart its efforts to make battery packs.
1 min read
Reuters | Dec 1, 2022
India Shares End At Three-Month High Riding On Auto Rally
Indian shares kicked off August on a positive note, with benchmark indexes hitting a three-month high led by a rally in automobile stocks on the back of robust monthly sales data.
2 mins read
Reuters | Dec 1, 2022
Factbox-Automakers Accelerate Drive To Secure Battery Raw Materials
Rising demand for EV around the world is encouraging automakers such as Tesla, Volkswagen and Stellantis NV to step up efforts to secure raw materials needed for making batteries.
4 mins read
Reuters | Dec 1, 2022
China's CATL To Develop New Battery Materials To Improve Energy Density - Report
CATL is working on new battery materials that can improve energy density by 10% to 20% compared to iron phosphate batteries.
1 min read
Reuters | Dec 1, 2022
Tata Motors Falls As Core Earnings Fail To Impress
Tata Motors posted a narrowed net loss for the July-September quarter and said its earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 53% year-over-year.
1 min read
Reuters | Dec 1, 2022
Mercedes F1 Team Evaluating FTX Sponsorship, Branding Stays For Now
FTX, one of the world's largest crypto exchanges, has been buffeted by a rush of customer withdrawals and is scrambling to raise about $9.4 billion from investors
1 min read

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Reuters | Aug 20, 2021
Oil's Losing Streak Hits Six Days, Benchmarks Touch May Lows
Brent volumes were above 330,000 contracts, while volumes for the most-active WTI contract were more than 450,000, the highest since July 20.
1 min read
car&bike Team | Aug 20, 2021
2022 World Car Awards Calendar Announced
A new highlight of the 2022 awards program is the debut of the World Electric Vehicle of the Year award. This new award is intended to recognize, support and celebrate the global transition to electrically-powered vehicles
1 min read
car&bike Team | Aug 20, 2021
Siddhartha Lal's Re-Appointment As MD At Eicher Motors Rejected By Shareholders Over Salary Hike Proposal
Siddhartha Lal's re-appointment as managing director at Eicher Motors, the parent company of Royal Enfield was rejected by the shareholders over a salary hike proposal.
1 min read
car&bike Team | Aug 20, 2021
Volkswagen Might Have To Cut Production Further Due To Chip Shortage
Volkswagen may need to cut production further due to a semiconductor supply crunch, the German carmaker said on Thursday, after a report that Toyota would slash output by 40% in September.
1 min read
car&bike Team | Aug 20, 2021
China's Geely Warns Of Chip Shortage, But Keeps Annual Vehicle Sales Target
China's Geely Automobile Holdings Ltd retained its annual sales target on Wednesday, betting that new vehicle launches will offset the short-term impact of a global chip shortage and a resurgence of the coronavirus pandemic.
1 min read
car&bike Team | Aug 4, 2022
Toyota Slashes September Output Amid Chip Crunch, COVID Resurgence
Toyota Motor Corp said it will slash global production for September by 40% from its previous plan, becoming the last major automaker to cut output due to a global chip crunch, but it maintained its annual sales and production targets.
2 mins read
Seshan Vijayraghvan | Aug 19, 2021
EV Infrastructure Company RACEnergy Raises $1.3 Million Funding In A Seed+ Round
Hyderabad-based e-mobility start-up, RACEnergy, has announced raising $1.3 million or Rs. 9.67 crore in funding in a Seed+ round led by Micelio Fund and growX ventures.
1 min read
Ameya Naik | Aug 18, 2021
MG Astor Compact SUV Teased Ahead Of Launch
The Autonomous Level 2 MG Astor is powered by mid-range radars and a multi-purpose camera that can realize a series of advanced driver-assistance systems (ADAS).
1 min read
Reuters | Aug 18, 2021
Renault-Nissan Ordered To Pay Additional Wages, Despite Warning India Unit Could Become 'Unviable'
Nissan and its union have been locked in an industrial arbitration dispute since July after the two sides failed to reach a mutual agreement over several issues including higher wages. A previous wage agreement expired in March 2019.
1 min read