Auto Industry

Reuters

Oct 27, 2022, 1:36 PM

Oil Prices Fall More Than 3% On Recession Worries

Oil prices plummeted more than 3% on Friday as global recession fears and weak oil demand, especially in China, outweighed support from a large cut to the OPEC+ supply target.

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  Reuters | Oct 27, 2022

  Mercedes-Benz And Microsoft Collaborate On Supply Chain Data Platform

  Mercedes-Benz and Microsoft announced a partnership intended to improve production efficiency at over 30 passenger car plants globally

  1 min read
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  Reuters | Oct 27, 2022

  India Passenger Vehicle Sales Nearly Double In September

  Passenger vehicle sales for September in India nearly doubled to 307,389 units from a year ago.

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  Reuters | Oct 27, 2022

  Bajaj Auto Tops Q2 Profit Estimates On Higher Prices, Domestic Demand

  Bajaj Auto reported a bigger-than-expected rise in second-quarter profit.

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  Reuters | Oct 27, 2022

  Chinese 'Flying Car' Makes First Public Flight In Dubai

  The Xpeng X2 is a two-seater electric vertical take-off and landing (eVTOL) aircraft that is lifted by eight propellers - two at each corner of the vehicle.

  1 min read
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  Reuters | Oct 27, 2022

  Musk And Zelenskiy In Twitter Showdown Over Billionaire's Ukraine Peace Plan

  Musk asked Twitter users to weigh in on a plan to end Russia's war in Ukraine that drew immediate condemnation from Ukrainians, including President Volodymyr Zelenskiy, who responded with his own poll.

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  Reuters | Oct 27, 2022

  OPEC+ Oil Output Cut Shows Widening Rift Between Biden And Saudi Royals

  The OPEC+ organization's decision this week to cut oil production despite stiff U.S. opposition has further strained already tense relations between President Joe Biden's White House and Saudi Arabia's royal family, once one of Washington's staunchest Middle East allies.

  4 mins read
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  Reuters | Oct 27, 2022

  India's Tata Motors Shares Fall 5% As Jaguar Land Rover Wholesale Volumes Falter

  JLR wholesale volumes - excluding its joint venture in China - were 75,307 for the second quarter down from the expected wholesales volumes of around 90,000

  1 min read
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  Reuters | Oct 27, 2022

  Stellantis, GME Resources Seal Nickel And Cobalt Deal For Battery Production

  Stellantis signed a non-binding preliminary agreement with GME Resources to secure supplies of nickel and cobalt sulphate used in its EV batteries

  1 min read