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Auto Industry

Reuters
Aug 14, 2022, 5:59 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 14, 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 14, 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 14, 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
Mihir Barve | Aug 14, 2022Maruti Suzuki Swift S-CNG Launched; Prices Start At Rs. 7.77 LakhMaruti Suzuki has introduced S-CNG to one of its most popular hatchbacks, the Swift, making it India's most powerful CNG hatchback.1 min read
Reuters | Aug 13, 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 13, 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 13, 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 13, 2022Iranian Tanker Reloads Oil Confiscated By U.S. In GreeceAn Iranian-flagged tanker is reloading oil confiscated in April by the United States after Greek authorities approved the release of the cargo.1 min read
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