AD
Auto Industry
Reuters
Aug 14, 2022, 12:36 PM
Indian shares closed at a near four-month high on Monday, led by metals and automobile stocks, as cooling oil prices and strong buying from foreign investors lifted sentiment.
2 Min
Reuters | Aug 14, 2022Two Lawmakers Ask U.S. Regulator About Tesla Crashes, Safety ProbesTwo U.S. lawmakers who chair subcommittees overseeing auto safety asked the federal auto safety regulator for a briefing on its probes into crashes involving Tesla Inc electric vehicles using Autopilot and advanced driver assistance systems, according to a letter seen by Reuters.2 mins read
Reuters | Aug 14, 2022EU, South Korea Say U.S. Plan For EV Tax Breaks May Breach WTO RulesThe 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 mins read
Reuters | Aug 13, 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 13, 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 13, 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
