Auto Industry News

Spotify Results Beat Expectations, Shuts Down Car Thing
Car Thing, a dashboard-mounted voice-controlled streaming device, priced at $89.99 is currently discounted to $49.99. At this price point and with increasing supply chain issues, the company could not achieve an attractive economic profile.

Nissan India Exports One Million Vehicles
Jul 29, 2022 06:31 PM
Nissan India has been exporting its vehicles from this plant since September 2010.
MercadoLibre, Creditas Drive Used Car Loan Tie-Up In Mexico
Jul 29, 2022 05:30 PM
Used car lots are being recruited to join the platform, and the two companies hope to expand semi-new offerings throughout Mexico starting with the capital of Mexico City, said Creditas country manager Gabriela Rolon.

U.S. Tightens Sanctions On Iran, Targets Chinese, Emirati Firms Over Oil
Jul 29, 2022 05:19 PM
The U.S. Treasury Department said in a statement the network of people and entities used a web of Gulf-based front companies to facilitate the delivery and sale of hundreds of millions of dollars in products from Iranian firms to China and elsewhere in East Asia.

Planning To Buy A Used Mahindra Marazzo? Here Are Things You Need To Consider
Jul 29, 2022 05:00 PM
Planning to buy a used Mahindra Marazzo? Well, before you start looking for one, here are some pros and cons you need to consider.

Factbox: Biden Set To Tackle Oil, Israel, Yemen, Iran On Saudi Trip
Jul 29, 2022 04:34 PM
Biden has called on the kingdom and other Gulf producers to raise oil output to help stabilise prices, which have surged as a result of a strong rebound in consumption

Yellen Says To Discuss With Seoul Price Cap On Russia Oil, Limits On N.Korea
Jul 29, 2022 04:21 PM
Washington will discuss with South Korea measures to limit revenues flowing to Russia, such as a price cap on its oil

Oil Slides 2% On Rising U.S. Fuel Stocks And Output
Jul 29, 2022 04:11 PM
Oil prices slid about 2% on Wednesday as a rise in U.S. gasoline and distillate inventories and worries about slower economic growth around the world offset ongoing concerns about tight crude supplies.

Mexican Used-Car Startup Kavak Expands Outside Latin America
Jul 29, 2022 03:54 PM
Mexican used-car platform Kavak is investing $180 million to open offices and make its platform available in four new countries, including Turkey - its first location outside Latin America, the company said Wednesday.

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