Auto Industry News

Oil Rises 2% As No Immediate Saudi Output Boost Expected
Oil gained 2.5% after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up crude production.

Buying A Used Honda Activa? We List Out The Pros And Cons
Jul 30, 2022 12:57 AM
We list down a few pros and cons for you, if you are planning to buy a used Honda Activa.

Libya's Oil Chief Rejects Sacking, Says Govt Mandate Expired
Jul 28, 2022 10:04 PM
The head of Libya's National Oil Corp (NOC) rejected the prime minister's authority to sack him, raising the prospect of an open struggle for control of the state energy producer.

U.S., Mexico Resolve Panasonic Auto Parts Plant Labor Dispute
Jul 28, 2022 09:56 PM
The United States and Mexico announced a resolution to a dispute at a Panasonic auto parts plant in Mexico on Thursday, with workers receiving an above-inflation pay rise after the firm rejected an agreement with a union that lacked lawful bargaining authority.

Hyundai Motor Says It Will Build Its First South Korean EV Factory
Jul 28, 2022 09:56 PM
In May, Hyundai Motor Group, which houses Hyundai Motor and Kia Corp, said it would invest 63 trillion won ($48.1 billion) in South Korea through to 2025.

Bosch Invests 3 Billion Euros In Chips, Says Shortage To Last Into 2023
Jul 28, 2022 09:51 PM
Technology group Bosch expects supply bottlenecks for some types of chips to last into 2023 even as inflation reduces demand for certain consumer goods, the company said on Wednesday as it announced a 3 billion euro investment in chip production.

Mahindra Aims To Lead Electric SUV Sales In India With New EV Unit
Jul 28, 2022 09:50 PM
Mahindra is the latest Indian automaker to tap global green funds by hiving off its clean mobility business into a separate unit, taking a page from its rival Tata Motors' playbook

Iveco To Leave Russia, To Transfer Stake In Truck JV To Local Partner
Jul 28, 2022 09:49 PM
Iveco has a 33% stake in the AMT truck assembly joint venture with a local partner. Earlier this year, Marx said Iveco had started assessing whether to exit the JV and that, in the meantime, it had suspended its participation in the JV's activities.

Buying A Used Car? Here's A List Of Things You Need To Do
Jul 30, 2022 12:57 AM
While we have already told you what all things to check while scouting for a used car, here we have listed down all the things you need to do once you have found the right one.

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