Auto Industry
Reuters
Oct 29, 2022, 10:14 AM
The maker of industrial drives and electric ship motors said on Thursday its core operating profit margin increased by 1.5 percentage points to 16.6%, the highest since the Swiss company was founded in 1988.
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Reuters | Oct 29, 2022Mercedes Says Comprehensive Trade Deal With EU Could Make India An Export HubIn June, the EU and India relaunched talks for a free trade agreement with the aim of completing them by the end of 2023. Talks began in 2007, but were frozen in 2013 due to lack of progress on issues including EU demands for greater access to Indian markets for its cars.2 mins read
Reuters | Oct 29, 2022Musk's Advice To Younger Self: 'Stop And Smell The Roses'At the company's 'AI Day' event Elon Musk was asked what would he tell his younger self.1 min read
Reuters | Oct 29, 2022India's Euler Motors Raises $60 Million In GIC Singapore-Led Funding RoundEuler Motors did not disclose the valuation at which it raised the money in the Series C round, although it said its other investors included Blume Ventures, Athera Venture Partners, QRG Holdings, ADB Ventures and Moglix.1 min read
Reuters | Oct 29, 2022Boosting EU Chip Supplies, STMicroelectronics Plans New Plant In ItalyAs demand soars for chips used in everything from smartphones to cars, supply chain bottlenecks going on for almost two years have created havoc in several global industries, including automotive, healthcare and telecoms.2 mins read
Reuters | Oct 29, 2022Buffet-Backed BYD Taps India As Latest Market Amid Global PushBYD launched the Atto 3 electric SUV, fitted with its renowned Blade battery technology, with a plan to corner 40% of the country's electric car market by 2030.2 mins read
Reuters | Oct 29, 2022Toyota Launches Pilot Project For Flex Fuel Vehicle In IndiaThe sedan, imported from Toyota Brazil, is powered by flex fuel technology, which allows the engine to run on fuel blended with a higher percentage of ethanol, reducing the consumption of gasoline, along with a hybrid powertrain.1 min read
Reuters | Oct 29, 2022As EV Sales Grow, Battle Over U.S. Road Weight Limits Heats UpEven before a recent spike in EV sales, U.S. roads have been carrying heavier loads, as cars and trucks climbed from an average of 3,200 pounds (1,451 kilos) to 4,200 pounds over the last four decades, according to the Environmental Protection Agency.4 mins read
Reuters | Oct 29, 2022Musk, Twitter Could Reach Deal To End Court Battle, Close Buyout Soon: ReportMusk, who is also chief executive officer of electric car maker Tesla Inc, proposed to Twitter late on Monday he would change course and abide by his April agreement to buy the company for $54.20 per share, if Twitter dropped its litigation against him.4 mins read
