Auto Industry
Reuters
Dec 1, 2022, 5:26 AM
Nvidia unveiled its new computing platform called DRIVE Thor that would centralize autonomous and assisted driving as well as other digital functions including in-car entertainment.
1 Min
Reuters | Dec 1, 2022Oil Plunges To Eight-Month Low On Strong Dollar, Recession FearsOil prices plunged about 5% to an eight-month low as the U.S. dollar hit its strongest level in more than two decades.2 mins read
Reuters | Dec 1, 2022Indian Oil Plans Panipat Refinery Maintenance, To Revamp Naphtha Cracker - ReportIndian Oil Corp plans a shutdown of a naphtha hydrocracker for about 80 days and half of its crude processing for about a month.1 min read
Reuters | Dec 1, 2022India Set To Skip Buying Russia's ESPO Crude In Sept As Freight Costs JumpIndian refiners are set to skip purchases of Russia ESPO crude oil this month due to higher freight rates.2 mins read
Reuters | Dec 1, 2022Chipmaker Qualcomm Says Automotive Future Business Expands To $30 BillionQualcomm said the automotive market size it is targeting could grow to as large as $100 billion by 2030.2 mins read
Reuters | Dec 1, 2022Canadian Pension Fund OTPP To Buy 30% Stake In India's Mahindra Renewables AssetsCanadian 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, 2022Indian Ride-Hailing Firm Ola To Cut 10% Engineering JobsIndia'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, 2022India Slashes Taxes On Aviation Fuel Exports, Domestic Crude OilIndian 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, 2022Oil Prices Up After Basra Spill, But Log Weekly DeclineOil 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
