Auto Industry
Reuters
Oct 27, 2022, 1:46 PM
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.
1 Min
Reuters | Oct 27, 2022Reliance Posts Flat Profit On Eeak Refining Margins, Export TaxReliance 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.2 mins read
Reuters | Oct 27, 2022Oil Near Flat, Inflation Worries Counter Potential Boost In China DemandOil 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.2 mins read
Reuters | Oct 27, 2022Tesla Seeks To Ease Demand Concerns Over Likely 2022 Delivery Target MissChief 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.3 mins read
Reuters | Oct 27, 2022China's CATL Slows Battery Investment Plan For U.S., Mexico - ReportThe 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 year3 mins read
Reuters | Oct 27, 2022Automakers To Double Spending On EVs, Batteries To $1.2 Trillion By 2030Automakers have forecast plans to build 54 million battery electric vehicles in 2030, representing more than 50% of total vehicle production2 mins read
Reuters | Oct 27, 2022Two Oil Wells Operated By Nigeria's Eroton On Fire -Oil Spills AgencyThe National Oil Spills Detection and Response Agency (NOSDRA) said the fire broke out at two wells in Rivers state, in the Niger Delta. A boat suspected to have been engaging in theft of crude oil was burnt to ashes at the site.1 min read
Reuters | Oct 27, 2022Oil Jumps More Than 3% Ahead Of OPEC+ Meeting On Supply CutsThe Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, look set to cut output when they meet on Wednesday. The move would squeeze supply in an oil market that energy company executives and analysts say is already tight due to healthy demand, a lack of investment and supply problems.3 mins read
Reuters | Oct 27, 2022France Taps Strategic Fuel Reserves As Refinery Strike Grinds OnGovernment spokesman Olivier Veran acknowledged "tensions" but said there was no shortage of fuel stocks at a national level. He urged consumers not to panic-buy petrol.2 mins read
