Auto Industry News
Stellantis To Refocus China Strategy With Jeep, Maserati Brands
Stellantis sees its future as a niche player in China through its premium brand Jeep and luxury brand Maserati, its chief financial officer said.
Lyft To Lay Off 683 Employees In Cost-Cutting Push
Nov 30, 2022 09:56 PM
Lyft Inc said it would lay off 13% of its workforce, or about 683 employees, in the ride-hailing firm's latest cost-cutting step to cope with a weakening economy.
Volkswagen Sells Weshare To Berlin-Based Carsharing Service
Nov 30, 2022 09:55 PM
Volkswagen said it would not disclose the selling price as per the agreement.
AI Chip Startup SiMa.ai Launches Auto Business With Former Bosch, Mercedes Executive
Nov 30, 2022 09:55 PM
SiMa.ai said it is entering the automotive industry and has recruited Harald Kroeger, a former executive at top tier auto supplier Bosch and Mercedes Benz, to lead that business.
Stellantis Explores Making Compact Electric Vehicles In India - CEO
Nov 30, 2022 09:54 PM
The company is yet to make a final decision
Vedanta Expects Revenue To Jump To $50 Billion In Two Years' Time - Report
Nov 30, 2022 09:53 PM
Vedanta Ltd expects annual revenue of $50 billion in the next two to three years, roughly double projected revenues for fiscal year 2023.
Iran Ready To Deliver Oil To India, Says Ambassador - Report
Nov 30, 2022 09:53 PM
Iran's ambassador to India Iraj Elahi said Iran wants to sell oil to India and is ready to deliver it.
GAIL India's Profit Tumbles On Supply Cut From Former Gazprom Unit
Nov 30, 2022 09:53 PM
GAIL (India) Ltd reported a bigger-than-expected 46.3% fall in quarterly profit, hit by low gas sales due to supply disruptions from a former unit of Russian energy giant Gazprom.
India Raises Ethanol Purchase Prices For State-Run Fuel Retailers
Nov 30, 2022 09:53 PM
Indian government has fixed a price of up to 65.61 rupees for purchase of ethanol from sugar mills as the nation wants to boost blending with gasoline.
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