Auto Industry
Reuters
Nov 27, 2022, 1:55 AM
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.
1 Min
Reuters | Nov 27, 2022Stellantis To Refocus China Strategy With Jeep, Maserati BrandsStellantis sees its future as a niche player in China through its premium brand Jeep and luxury brand Maserati, its chief financial officer said.2 mins read
Reuters | Nov 27, 2022Lyft To Lay Off 683 Employees In Cost-Cutting PushLyft 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.1 min read
Reuters | Nov 27, 2022AI Chip Startup SiMa.ai Launches Auto Business With Former Bosch, Mercedes ExecutiveSiMa.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.1 min read
Reuters | Nov 27, 2022Delhi Wrestles With 'Hazardous' Air Pollution, Primary Schools ShutAuthorities in New Delhi ordered primary schools to shut from Saturday, and told schools to stop outdoor activities for older children as air in the world's most polluted capital had become a severe risk to health.2 mins read
Reuters | Nov 26, 2022Vedanta Expects Revenue To Jump To $50 Billion In Two Years' Time - ReportVedanta Ltd expects annual revenue of $50 billion in the next two to three years, roughly double projected revenues for fiscal year 2023.1 min read
Reuters | Nov 26, 2022Iran Ready To Deliver Oil To India, Says Ambassador - ReportIran's ambassador to India Iraj Elahi said Iran wants to sell oil to India and is ready to deliver it.0 mins read
Reuters | Nov 26, 2022GAIL India's Profit Tumbles On Supply Cut From Former Gazprom UnitGAIL (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.2 mins read
Reuters | Nov 26, 2022India Raises Ethanol Purchase Prices For State-Run Fuel RetailersIndian 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.2 mins read
