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Auto Industry
Jafar Rizvi
Mar 1, 2023, 5:56 PM
Total sales of Hyundai India in February 2023 amounted to 57,851 units as opposed to 53,159 units sold during the same month last year
2 Min
Reuters | Feb 27, 2023India's Hero MotoCorp Beats Q3 Profit Estimates On Price HikesThe company said its profit came in at 7.11 billion rupees ($85.96 million) for the three months ended Dec. 31, a year-on-year increase of 3.6%.1 min read
Reuters | Feb 27, 2023Mobility Study Cites Roadblocks For U.S. Electric Vehicles, Sustainable AviationAmong those roadblocks, a looming shortage of battery raw materials could put government mandates "in conflict with manufacturing reality" - one of the macro trends charted in the 2023 Moving World Report, published by investment firm UP.Partners.2 mins read
Reuters | Feb 27, 2023Uber To Steal A March On Lyft In Resurgent Rideshare MarketRidesharing companies are starting to recover from pandemic lows as offices reopen and following a resurgence in travel on the back of reopening of closed borders and a strong U.S. dollar.2 mins read
Reuters | Feb 27, 2023Like Musk, Nickel-Rich Indonesia Has High Electric Vehicle AmbitionsIn just three years, Indonesia has signed more than a dozen deals worth more than $15 billion for battery and electric vehicle production in the country with manufacturers including Hyundai Motor, LG Group and Foxconn.0 mins read
Reuters | Feb 27, 2023Ford's Pain Underscores Uneven Impact Of Two-Year Auto Chip ShortageFord said on Thursday it left billions of dollars on the table that were within its control and blamed a 100,000 vehicle shortfall in its fourth-quarter volume mostly on the inability to obtain enough chips.0 mins read
Reuters | Feb 27, 2023Ford Posts Lower Profit, Issues Downbeat Outlook; Shares DropFord blamed chip shortages and other supply chain issues and production "instabilities" that raised costs, along with lower-than-expected volumes. Ford shares dropped more than 6% in after-market trading.0 mins read
Reuters | Feb 27, 2023Xiaomi Demands Payout From Supplier After Car Designs LeakedXiaomi CEO Lei Jun also circulated the note on his personal Weibo page.0 mins read
Reuters | Feb 27, 2023Berkshire Hathaway Sells $44.9 Million Of Shares In China's BYDThe sale lowered Berkshire's holdings in BYD's issued H-shares to 12.9% on Jan. 27, down from 13.04%, the filing to the Hong Kong Stock Exchange showed on Thursday.0 mins read
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