Auto Industry
Reuters
Feb 27, 2023, 10:48 AM
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, 2023Nissan, Renault Plan India Reboot With $600 Million Investment In New ModelsThe 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.2 mins read
Reuters | Feb 25, 2023Truckers And Subsidies Rev Up Interest In Fuel Cell VehiclesWhile 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.0 mins read
Reuters | Feb 25, 2023In EU Car Data Tussle, Insurers And Others Brace For Delays, DisappointmentCompanies 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.0 mins read
Reuters | Feb 25, 2023Battery Maker Northvolt In Talks To Hire IPO Banks -SourcesThe 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.0 mins read
Reuters | Feb 25, 2023Albemarle Expects 40% Chinese EV Market Growth To Drive Lithium DemandChina'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.0 mins read
Reuters | Feb 25, 2023Potential Winners And Losers From The New U.S. EV Charging StandardsPresident 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.0 mins read
Jaiveer Mehra | Feb 24, 2023Citroen CEO Vincent Kobee To Step Down; Thierry Koskas To Take Over RoleKoskas is presently the Chief Sales and Marketing Officer of Citroen’s parent firm Stellantis.0 mins read
Reuters | Feb 23, 2023India's Ashok Leyland Beats Quarterly Profit Estimates On Easing Costs, Truck DemandThe Indian trucking sector is making a comeback after two years on the back of increased mining activities, e-commerce growth and an uptick in infrastructure projects0 mins read
