Auto Industry

Reuters

Feb 27, 2023, 11:31 AM

Bosch's India Unit Reports Q3 Profit Jump, Warns Of "Challenging 2023"

Surging inflation and worries of a global economic slowdown have left several multinational firms cautious of their growth prospects this year, as people cut back on discretionary spending.

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  Reuters | Feb 27, 2023

  Amazon's Zoox Tests Robotaxi On Public Road With Employees As Passengers

  The Feb. 11 test, conducted between two Zoox buildings a mile apart at its headquarters in Foster City, California, was part of the launch of a no-cost employee shuttle service that will also help the company refine its technology.

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  Reuters | Feb 27, 2023

  India's Landmark Cars Profit Jumps 37% In First Earnings Since Listing

  The South Asian country, once a small and low-cost car market, is seeing a sharp expansion in demand for premium models with a growing middle class splurging on everything pricey from branded apparel to luxury cars.

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  Reuters | Feb 27, 2023

  Nissan, Renault Plan India Reboot With $600 Million Investment In New Models

  The investment, planned over a period of three to five years, will fund the development of two electric models and four sport-utility vehicles (SUVs) for sale in India and abroad, Nissan's chief operating officer Ashwani Gupta told reporters in New Delhi.

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  Reuters | Feb 25, 2023

  Truckers And Subsidies Rev Up Interest In Fuel Cell Vehicles

  While most of the world's combustion engine cars and short-distance vans and lorries should be replaced by battery electric vehicles (BEVs) over the next two decades, fuel-cell proponents and some long-haul fleet operators say batteries are too heavy, take too long to charge and could overload power grids.

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  Reuters | Feb 25, 2023

  In EU Car Data Tussle, Insurers And Others Brace For Delays, Disappointment

  Companies in Europe and beyond are vying for control of the crown jewels of the connected car era, namely car manufacturers' data covering everything from driving habits, to fuel consumption and tyre wear which can be used to target cash-generating services.

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  Reuters | Feb 25, 2023

  Battery Maker Northvolt In Talks To Hire IPO Banks -Sources

  The company, which last raised funding from investors at a valuation of $12 billion in 2021, is expected to tap Goldman Sachs Group and Morgan Stanley to lead a stock market launch, the sources said.

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  Reuters | Feb 25, 2023

  Albemarle Expects 40% Chinese EV Market Growth To Drive Lithium Demand

  China's government has been phasing out subsidies for EVs, but Albemarle said so far those steps have had only a "limited impact" on EV demand. Executives attributed weak Chinese auto sales data in January to the Lunar New Year holiday.

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  Reuters | Feb 25, 2023

  Potential Winners And Losers From The New U.S. EV Charging Standards

  President Joe Biden previously committed to building a U.S. network of 500,000 EV chargers by 2030, and has now set the standards to disburse $7.5 billion in federal funds to support that effort.

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