Auto Industry

Reuters

Nov 30, 2022, 4:26 PM

Rupee Posts Tenth Monthly Decline On Weak Asian Peers, Oil Price Worries

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.

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  Reuters | Nov 30, 2022

  India State Retailers To Marginally Cut Petrol, Diesel Prices From Tuesday

  India's top fuel retailer Indian Oil Corp will marginally cut petrol and diesel prices from Tuesday.

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  Reuters | Nov 30, 2022

  Oil Falls On U.S. Output Gains, Chinese Demand Doubts

  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.

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  Reuters | Nov 30, 2022

  Japan To Seek U.S. Flexibility On EV Purchase Incentives, Kyodo Reports

  Japan will ask the United States to be more flexible on EV purchase incentives for non-American carmakers.

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  Reuters | Nov 30, 2022

  VW's SEAT Says Spain's Subsidy For Battery Plant, EV Production 'Not Sufficient'

  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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  Reuters | Nov 30, 2022

  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.

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  Reuters | Nov 30, 2022

  Lyft To Lay Off 683 Employees In Cost-Cutting Push

  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.

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  Reuters | Nov 30, 2022

  Volkswagen Sells Weshare To Berlin-Based Carsharing Service

  Volkswagen said it would not disclose the selling price as per the agreement.

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  Reuters | Nov 30, 2022

  AI Chip Startup SiMa.ai Launches Auto Business With Former Bosch, Mercedes Executive

  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.

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