Auto Industry News
Jaguar Land Rover Names Bergmeier As Industrial Operations Chief
British carmaker Jaguar Land Rover (JLR) said on Friday it had hired former BMW executive Barbara Bergmeier for a newly-created role overseeing supply chains and industrial operations, at a time when the industry faces persistent supply shortages.
Polestar EV Sales Surge In First Half, On Track For Full-Year Target
Jul 28, 2022 11:26 PM
Sales at the Swedish EV maker rose almost 125% to about 21,000 cars in the first six months of the year
Rivian To Address Layoffs At Friday Meeting, Tesla To Cut 229 Jobs
Jul 28, 2022 11:20 PM
Electric truck maker Rivian Automotive will brief employees on Friday on potential layoffs and plans to suspend some programs as part of a broader restructuring, Chief Executive R.J. Scaringe said in an email sent to employees on Monday evening.
Twitter Gets Fast-Tracked Elon Musk Trial Over $44 Billion Deal
Jul 28, 2022 11:12 PM
Twitter Inc will get an October trial in its legal fight to hold Elon Musk to his $44 billion takeover, after a Delaware judge said on Tuesday the social media company deserved a quick resolution of the deal's uncertainty.
Musk Says Tesla Could Lower Car Prices If Inflation Slows
Jul 28, 2022 11:08 PM
Tesla Inc Chief Executive Officer Elon Musk said the electric automaker could lower prices for cars if inflation calms down.
Brent Crude Settles Below $100/bbl On Higher Dollar, Weak Demand Outlook
Jul 28, 2022 11:04 PM
Global benchmark Brent crude tumbled $7 on Tuesday to settle below $100 a barrel for the first time in three months on a strengthening dollar, COVID-19 curbs in top crude importer China, and rising fears of a global economic slowdown.
Oil Settles Up Nearly $4 As Tight Supply Outweighs Recession Fears
Jul 28, 2022 10:59 PM
Oil prices settled sharply higher on Thursday, rebounding from steep losses the previous two sessions, as investors returned their focus to tight supply despite nagging fears of a potential global recession.
Tata Motors Aims To Sell 50,000 EVs In This Fiscal Year
Jul 28, 2022 10:53 PM
Tata Motors aims to sell about 50,000 electric vehicles (EVs) in the fiscal year to March 31, and double that in the 2023/24 period, Chairman N Chandrasekaran told a shareholders' meeting on Monday.
Oil Settles Higher On U.S. Inventory Drop, Russia Gas Cuts
Jul 28, 2022 10:47 PM
Oil settled up more than $2 on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset concern about weaker demand and a U.S. interest rate hike.
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