Auto Industry News
Foxconn To Become Biggest Shareholder In Lordstown Motors With Up To $170 Million Investment
Lordstown Motors Corp has agreed a deal under which a Foxconn affiliate will invest up to $170 million in the EV maker.
Bosch CEO Sees Inflation Weighing On Margins But Could Ease Chip Shortage
Nov 30, 2022 09:57 PM
Bosch sees a possible easing of the global chip shortage in the second half of 2023 if demand dips under the weight of inflation.
Indian Minister Urges OPEC+ To Consider Impact On Consumers At Dec Meeting
Nov 30, 2022 09:57 PM
India's oil minister urged the OPEC+ alliance of oil producers to bear in mind the impact of their upcoming decision.
Haiti Police End Gang Blockade Of Fuel Terminal, Sources Say
Nov 30, 2022 09:56 PM
Haitian police have taken control of a fuel terminal that had been blockaded by armed gangs since September.
Rupee Posts Tenth Monthly Decline On Weak Asian Peers, Oil Price Worries
Nov 30, 2022 09:56 PM
The Indian rupee chalked up its tenth straight monthly fall after slipping versus the dollar, on concerns over oil prices and in line with losses in most other Asian currencies.
India State Retailers To Marginally Cut Petrol, Diesel Prices From Tuesday
Nov 30, 2022 09:56 PM
India's top fuel retailer Indian Oil Corp will marginally cut petrol and diesel prices from Tuesday.
Oil Falls On U.S. Output Gains, Chinese Demand Doubts
Nov 30, 2022 09:56 PM
Oil prices fell on expectations that U.S. production could rise and as weaker economic data out of China and the country's widening COVID-19 curbs weighed on demand.
Japan To Seek U.S. Flexibility On EV Purchase Incentives, Kyodo Reports
Nov 30, 2022 09:56 PM
Japan will ask the United States to be more flexible on EV purchase incentives for non-American carmakers.
VW's SEAT Says Spain's Subsidy For Battery Plant, EV Production 'Not Sufficient'
Nov 30, 2022 09:56 PM
The chief of Volkswagen's Spanish unit SEAT said the subsidies offered by Spanish authorities for a battery factory construction and electric vehicle production "is not sufficient", but voiced optimism about finding a solution.
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