Auto Industry

Reuters

Oct 27, 2022, 1:48 PM

India Raises Windfall Tax On Crude Oil Output

India has raised a windfall tax on domestically produced crude oil to 11,000 Indian rupees per tonne from 8,000 rupees per tonne.

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  Reuters | Oct 27, 2022

  EV Battery Makers Gotion, ONE Plan New Michigan Plants

  Gotion High Tech and Our Next Energy (ONE) will open separate, new electric-vehicle battery plants worth a combined $4 billion in Michigan.

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  Reuters | Oct 27, 2022

  Stellantis CEO Warns Inflation Fight Risks Slowing Economy

  Stellantis warned that rising interest rates aimed at fighting soaring inflation risked slowing economic growth.

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  Reuters | Oct 27, 2022

  Russia Poised To Largely Skirt New G7 Oil Price Cap

  Russia can access enough tankers to ship most of its oil beyond the reach of a new G7 price cap.

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  Reuters | Oct 27, 2022

  Uber Looks To Boost Digital Ad Revenue With New Advertising Division

  Uber has launched a new advertising division as the ride-hailing firm looks to diversify its revenue sources through tie-ups with brands and marketers.

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  Reuters | Oct 27, 2022

  Reliance Posts Flat Profit On Eeak Refining Margins, Export Tax

  Reliance reported a flat profit for the second quarter, as export taxes on refined fuels and weak refining margins weighed down the dominant oil-to-chemical business.

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  Reuters | Oct 27, 2022

  Oil Near Flat, Inflation Worries Counter Potential Boost In China Demand

  Oil prices were near flat during a choppy trading session on Thursday, as worries about inflation dampening demand for oil contended with news that China is considering easing COVID-19 quarantine measures for visitors.

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  Reuters | Oct 27, 2022

  Tesla Seeks To Ease Demand Concerns Over Likely 2022 Delivery Target Miss

  Chief Executive Elon Musk told analysts on a conference call there was excellent demand in the fourth quarter, addressing investors' concerns that buyers could be discouraged by the weak global economy and high prices for Tesla vehicles.

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  Reuters | Oct 27, 2022

  China's CATL Slows Battery Investment Plan For U.S., Mexico - Report

  The world's largest battery maker, which supplies one of every three electric vehicles, has been considering opening new plants in the United States and Mexico since earlier this year

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