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Auto Industry
Reuters
Nov 30, 2022, 10:06 PM
Though fears of global recession capped gains, Brent crude futures settled up $3.99 to $98.57 per barrel, a weekly gain of 2.9%.
3 Min
Reuters | Nov 30, 2022Toyota Profit To Rise But Eyes Will Be On Its Shaky Supply Chain, EV StrategyThe world's biggest automaker by sales said last week its global production rebounded by 30 per cent in the quarter that ended in September but warned shortages of semiconductors and other components would continue to constrain output in coming months.2 mins read
Reuters | Nov 30, 2022RattanIndia To Buy Electric Motorcycle Maker RevoltRattanIndia, whose shares soared 10% in morning trade, did not disclose the size of the deal. It's buying the stake in Revolt Motors at a time when eco-conscious consumers are turning to alternatives to conventional vehicles.1 min read
Reuters | Nov 30, 2022India's Top Bikemaker Hero Launches E-Scooter To Chase StartupsLike some other legacy automakers in India, Hero has been a laggard in launching electric two-wheelers, giving startups such as Ather Energy, which is backed by Tiger Global, and Softbank Group-backed Ola Electric a first-mover advantage.1 min read
Reuters | Nov 30, 2022Renault-Backed Beyonca EV Venture Touts Health Monitoring, Targets Audi In ChinaLed by current Renault China CEO Soh Weiming and backed by Renault and Dongfeng Motor, two-year-old Beyonca plans to unveil its first production car in the first quarter of next year with deliveries from 2024, Soh told Reuters.2 mins read
Reuters | Nov 30, 2022Musk Says Pepsi To Receive Tesla's First Semi Trucks In DecemberTesla Inc is starting Semi electric commercial truck production and PepsiCo Inc will get the first deliveries on Dec. 1, the electric vehicle maker's chief Elon Musk tweeted on Thursday.1 min read
Reuters | Nov 30, 2022Stellantis Jeep Joint Venture In China To File For BankruptcyStellantis said in a statement it had fully impaired the value of its investment in the joint venture in its results for the first half of 2022. It also said it would continue to provide service to Jeep customers in China.3 mins read
Reuters | Nov 30, 2022S. Korea Braces For Supply Disruptions As Trucker Strike LoomsLand Minister Won Hee-ryong said that the government would consider deploying military trucks to areas needed for urgent transport.2 mins read
Reuters | Nov 30, 2022India Can Buy As Much Russian Oil As It Wants, Outside Price Cap, Yellen SaysThe United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap.3 mins read
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