Auto Industry News

Rupee Poised For Another Record Low On Fed Rate, Oil Worries
The rupee is expected at around a lifetime low of 82.70 per U.S. dollar, down from 82.32 from the previous session.

Indian Rupee Could Hit 84-85/USD By March On Trade Deficit, Oil Woes -Elara Global
Oct 27, 2022 10:21 PM
Higher-than-expected jobs additions in September and an unexpected dip in the unemployment rate cemented bets of another 75 basis points Fed rate hike next month, pressuring the rupee.

Gogoro To Enter India; Announcement On November 3, 2022
Oct 27, 2022 09:26 PM
Taiwanese EV and infrastructure company, Gogoro, will enter the Indian EV market, with a big announcement on November 3, 2022, to which carandbike has been invited.

France Orders Fuel Depot Strikers Back To Work, Union Vows To Challenge It
Oct 27, 2022 09:08 PM
The French energy ministry said it was requisitioning some staff at the Gravenchon-Port Jerome depot run by Exxon's Esso France business, where the hardline CGT remains on strike despite a pay deal with other unions.

5 Things You Must Know If You Plan To Buy A Used Tata Altroz
Oct 27, 2022 09:02 PM
If you are planning to buy a used Tata Altroz, here are 5 things you must know about it first.

Druzhba Pipeline Leak Reduces Russian Oil Flows To Germany
Oct 27, 2022 08:50 PM
The discovery of the leak in the main route carrying oil to Germany, which operator PERN said it found on Tuesday evening, comes as Europe is on high alert over its energy security.

Oil Prices Rise 2% On Low Diesel Stocks Ahead Of Winter
Oct 27, 2022 08:46 PM
Brent crude futures for December delivery rose $2.12 to $94.57 a barrel, a 2.29 per cent gain. U.S. crude rose $1.84, or 2.1 per cent, to $89.11 per barrel.

Honda To Build JV U.S. Battery Plant, Retool Ohio Plants
Oct 27, 2022 08:32 PM
Honda and LG are initially committing to investing $3.5 billion and creating 2,200 jobs but said the overall investment is projected to reach $4.4 billion.

SoftBank-backed tech unicorn Kavak expands in Middle East
Oct 27, 2022 08:26 PM
Kavak plans to invest $130 million over the next two years in the three Middle-Eastern countries, which are set to represent 7-10% of its business.

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