Auto Industry
Reuters
Nov 23, 2022, 8:51 PM
U.S. officials and G7 countries have been in intense negotiations in recent weeks over the unprecedented plan to put a price cap on sea-borne oil shipments, which is scheduled to take effect on Dec. 5 - to ensure EU and U.S. sanctions aimed at limiting Moscow's ability to fund its invasion of Ukraine do not throttle the global oil market.
3 Min
Reuters | Nov 23, 2022Toyota Cuts Output Target Amid Chip Crunch As Profit Tumbles 25%Toyota posted a worse-than-expected 25% drop in quarterly profit and cut its annual output target, as the Japanese firm battles surging material costs and a persistent semiconductor shortage4 mins read
Reuters | Nov 23, 2022Uber Shares Surge On Solid Profit Forecast As Rideshare Recovery Defies InflationWith cities reopening and travel booming, consumers are shifting their budgets to services, Chief Executive Dara Khosrowshahi said, compared to the two years of COVID-led lockdowns when they had limited spending to basic needs.2 mins read
Reuters | Nov 23, 2022Tesla Crash Trial In California Hinges On Question Of 'Man Vs Machine'The U.S. Department of Justice is investigating whether Tesla itself should face criminal charges over its self-driving claims, Reuters reported.3 mins read
Jaiveer Mehra | Nov 23, 2022Tata Tiago EV Bookings Cross 20,000 In One MonthTata revealed the updated booking numbers at the time of launching the updated Tigor EV.1 min read
Reuters | Nov 23, 2022Verkor Raises 250 Million Euros To Fund EV Battery MegafactoryVerkor, which is based in Grenoble, said investors in the funding round included French bank Societe Generale, German industrial company Siemens and the European Investment Bank, which put in 49 million euros.2 mins read
car&bike Team | Nov 23, 2022Lidar Duo Ouster And Velodyne To Merge In All-Stock DealVelodyne and Ouster compete in precision sensors that enable self-driving vehicles to see the world around them. Both companies have been hit hard as timetables for large-scale autonomous vehicle deployment have stretched out.2 mins read
Reuters | Nov 23, 2022Renault, Google Expand Ties In Automotive SoftwareThe partnership with Google will also help Renault accelerate its "end-to-end digital transformation, from the design of the car to its market launch through its production," Renault Chief Executive Luca de Meo said in a statement.1 min read
Seshan Vijayraghvan | Nov 24, 2022Updated Tata Tigor EV Launched With More Range And Features; Prices Begin At Rs. 12.49 LakhIn addition to more tech and creature comforts, the Tata Tigor EV electric subcompact sedan now also comes with an extended range of 315 km (ARAI certified).3 mins read
