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Auto Industry
Reuters
Aug 29, 2022, 9:52 PM
The European Union and South Korea have raised concerns about proposed U.S. tax credits for purchases of electric vehicles, saying they may discriminate against foreign-made vehicles and breach World Trade Organization (WTO) rules.
3 Min
Reuters | Aug 29, 2022China's CATL To Build $7.6 Billion Hungary Battery Plant To Supply Mercedes, BMWChina's CATL said it would build a 7.3 billion euro ($7.6 billion) battery plant in Hungary, Europe's largest so far, as the world's biggest electric vehicle battery maker gears up to meet growing demand from global automakers.2 mins read
Reuters | Aug 29, 2022Oil Falls 2% On Expectations That U.S. Gulf Supply Disruption Will EaseOil prices plunged around 2%, on expectations that supply disruptions in the U.S. Gulf of Mexico would be short-term, while recession fears clouded the demand outlook.2 mins read
Reuters | Aug 29, 2022Russia-Backed Indian Refiner Nayara Energy Posts Record ProfitIndia's Nayara Energy, part owned by Russian oil major RosneftMM>, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil and fuel exports.2 mins read
Reuters | Aug 29, 2022Automakers Scramble To Decode New U.S. EV Tax CreditsU.S. automakers and dealers are scrambling to figure out if they can still offer $7,500 tax credits to would-be buyers of electric vehicles (EVs).1 min read
Reuters | Aug 29, 2022EV Startup Fisker Explores Higher Production In 2023, U.S. ManufacturingFisker Inc said it was exploring options to manufacture in the United States in 2024 and was considering ramping up production of its first vehicle, the Ocean SUV, in the second half of 2023.1 min read
Reuters | Aug 29, 2022Chasing Green Goals, Corporations Push Car Fleet Managers Toward EVsLarge corporations are jumping on the "green" bandwagon left and right, which in turn is pushing firms that lease and manage car fleets to convert to electric vehicles (EVs) faster than they had ever thought possible.4 mins read- Reuters | Aug 29, 2022Oil Drops With Dollar On Recession Fears; Wall Street Ends MixedCrude oil sank with Treasury yields and the dollar on Thursday as recession worries intensified following the Bank of England's warning of a drawn-out downturn and ahead of key a hotly anticipated U.S. employment report.3 mins read
Jaiveer Mehra | Aug 29, 2022MG Gloster Facelift Launch on August 31, 2022The teaser reveals little about the update aside from calling the updated SUV, the ‘Advanced Gloster’.2 mins read
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