Auto Industry

Reuters
Aug 7, 2022, 7:12 PM
Mahindra and Mahindra Ltd said demand for its cars is outstripping production capacity as people rush to buy the automaker's popular SUVs.
1 Min
Reuters | Aug 7, 2022Monsoon Rains Dampen India's July Fuel DemandGasoline and gasoil sales by Indian state refiners in July fell from a month earlier as monsoon rains restricted mobility and construction work while high inflation curtailed overall demand for goods.1 min read
Reuters | Aug 7, 2022U.S. Stocks Slip, Crude Slides As Soft Data Feed Recession JittersWall Street ended a three-day winning streak and crude prices plunged as economic data from the U.S., Europe and China showed demand weakening under inflation pressures, while the looming possibility of recession curbed risk appetite.3 mins read
Reuters | Aug 7, 2022VinFast Hiring 8,000 Additional Employees To Boost ProductionVinFast is looking to hire 8,000 more employees for its electric-vehicle plant in Vietnam as it ramps up production to deliver its first battery-powered SUVs to the United States by the end of this year.1 min read
Reuters | Aug 7, 2022OPEC+ Sees Slightly Smaller Oil Market Surplus This Year - ReportOPEC+ sees this year's oil market as slightly less supplied than previously thought.1 min read
Reuters | Aug 7, 2022Bangladesh Announces Fuel Price Jump, Stokes Inflation FearsBangladesh raised fuel prices by around 50%, a move that will trim the country's subsidy burden but put more pressure on inflation that is already running above 7%.2 mins read
Reuters | Aug 7, 2022Indian Oil Corp To Issue Short-Term CP - ReportIndian Oil Corporation plans to raise funds selling commercial papers maturing in a more than a month.0 mins read
Reuters | Aug 6, 2022Tensions With U.S. Spur Chinese Buying Of Chipmaking StocksChinese chipmakers' shares jumped by the most in two years this week as House of Representatives Speaker Nancy Pelosi's visit to Taiwan heightened tensions with the U.S., driving patriotic bets on a sector Beijing sees as key to its rivalry with Washington.2 mins read
Reuters | Aug 6, 2022Tesla Sets Aug 25 As Trading Day For Three-For-One Split SharesTesla Inc said on Friday trading in its three-for-one split shares will start on Aug. 25, after the electric vehicle maker's shareholders approved the proposal during its annual meeting.1 min read


















































