Auto Industry

Reuters

Dec 1, 2022, 5:24 AM

Chipmaker Qualcomm Says Automotive Future Business Expands To $30 Billion

Qualcomm said the automotive market size it is targeting could grow to as large as $100 billion by 2030.

2 Min

• 
  Reuters | Dec 1, 2022

  Canadian Pension Fund OTPP To Buy 30% Stake In India's Mahindra Renewables Assets

  Canadian pension fund Ontario Teachers' Pension Plan has agreed to buy a 30% stake for 23.71 billion rupees ($297.5 million) in Indian automaker Mahindra's renewable power assets, an exchange filing showed.

  1 min read
• 
  Reuters | Dec 1, 2022

  Indian Ride-Hailing Firm Ola To Cut 10% Engineering Jobs

  India's Ola will cut about 200 engineering jobs to reduce redundancy across its two main businesses of ride-hailing and electric vehicle manufacturing, the SoftBank Group-backed company said.

  1 min read
• 
  Reuters | Dec 1, 2022

  India Slashes Taxes On Aviation Fuel Exports, Domestic Crude Oil

  Indian government lowered taxes on aviation turbine fuel exports to 5 rupees per liter from 9 rupees per liter, a government notification said.

  0 mins read
• 
  Reuters | Dec 1, 2022

  Oil Prices Up After Basra Spill, But Log Weekly Decline

  Oil prices rose slightly as a spill at Iraq's Basra terminal appeared likely to constrain crude supply, but remained down on the week on fears that hefty interest rate increases will curb global economic growth and demand for fuel.

  3 mins read
• 
  Reuters | Dec 1, 2022

  Putin Tells Europe: If You Want Gas Then Open Nord Stream 2

  President Vladimir Putin denied Russia had anything to do with Europe's energy crisis, saying that if the European Union wanted more gas it should lift sanctions preventing the opening of the Nord Stream 2 pipeline.

  1 min read
• 
  Reuters | Dec 1, 2022

  India's August Crude Imports Fall m/m On Monsoon Demand Lull

  India's crude oil imports fell more than 13% in August month-on-month, government data showed, as monsoon rains restricted activity and slowed consumption in the world's third-biggest oil consumer.

  5 mins read
• 
  Reuters | Dec 1, 2022

  Oil Edges Up As Supply Woes Outweigh Demand And Rate Hike Worries

  Oil prices edged slightly higher in volatile trading, as worries of tight supplies outweighed fears that global demand could slow due to a strong U.S. dollar and possible large increases to interest rates.

  2 mins read
• 
  Reuters | Dec 1, 2022

  Tesla Weighs Reset For China Retail Strategy Even As Sales Boom

  Tesla is reevaluating the way it sells electric cars in China, its second-largest market, and considering closing some showrooms in flashy malls in cities like Beijing where traffic plunged during COVID restrictions, two people with knowledge of the plans said.

  3 mins read