Auto Industry News

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.

Sales at the Swedish EV maker rose almost 125% to about 21,000 cars in the first six months of the year

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 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.

Tesla Inc Chief Executive Officer Elon Musk said the electric automaker could lower prices for cars if inflation calms down.

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 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 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.