Auto Industry News

U.S. Crude Ends Below $95/bbl As EU Tweaks Russian Oil Sanctions
Trading in oil futures has been volatile in recent weeks as traders try to reconcile possibilities of further interest rate hikes that could cut demand against tight supply from the loss of Russian barrels.

EV Maker Rivian Plans To Cut Hundreds Of Jobs - Bloomberg News
Jul 29, 2022 03:42 PM
Rivian had over 10,000 employees globally, as of Dec 31, 2021, according to the company's filing.

Yellen Discusses Price Cap On Russian Oil With UK's Zahawi - U.S. Treasury
Jul 29, 2022 03:38 PM
Both discussed the need to continue to accelerate budgetary support for Ukraine, and opportunities to build on sanctions imposed on Russia

Explainer: Can Elon Musk Defy A Court If Ordered To Buy Twitter?
Jul 29, 2022 03:34 PM
Twitter Inc has sued Elon Musk to force him to go through with the $44 billion acquisition of the social media company. What happens if Twitter succeeds and the world's richest man, who regularly taunts securities regulators, refuses to comply with the court order?

TVS Reports 500% Growth in Profit After Tax in Q1 FY2023
Jul 29, 2022 03:15 PM
The company said that its revenue and profit in the first quarter were its highest ever in Q1.

Buying A Used Scooter? Here Are Our Top 5 Picks
Jul 29, 2022 11:56 PM
If you are looking for a capable scooter, but are on a tight budget, then the used two-wheeler market will be your best option. Here are 5 scooters that we think you should consider.

Toyota Scales Back Texas Plant Output In Heatwave
Jul 29, 2022 12:18 AM
The plant had scheduled five days of summer shutdown next week, and added two additional days due to a global semiconductor shortage, Toyota said. The seven days of closures are unrelated to the heat wave, the spokesperson added.

India's Ola Electric To Set Up $500 Million Battery Research Centre
Jul 29, 2022 12:15 AM
The facility will house advanced labs and high-tech equipment for battery innovation, and is part of India's push towards becoming a global electric vehicle hub, said Bhavish Aggarwal, founder and chief executive of Ola Electric.

Groundbreaking Judge Will Oversee Twitter's Lawsuit Against Musk
Jul 29, 2022 12:13 AM
Kathaleen McCormick took over the role of chancellor, or chief judge, last year after the retirement of Andre Bouchard on the Court of Chancery, a favored venue for large corporate disputes.

Upcoming Launches
