Auto Industry

Reuters

Jul 28, 2022, 10:53 PM

Tata Motors Aims To Sell 50,000 EVs In This Fiscal Year

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.

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  Reuters | Jul 28, 2022

  Oil Settles Higher On U.S. Inventory Drop, Russia Gas Cuts

  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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  Reuters | Jul 28, 2022

  India's Reliance Industries Profit Surges, Powered By Oil Business

  India's Reliance Industries Ltd reported a 46.3% jump in June-quarter profit, as robust refining margins due to intake of cheaper Russian crude and fuel exports buoyed its dominant oil-to-chemicals business.

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  Reuters | Jul 28, 2022

  Twitter Has Legal Edge In Deal Dispute With Musk

  Musk's main claim against Twitter is that the San Francisco-based company breached their deal because it will not share with him enough information to back up its claim that spam or fake accounts constitute less than 5% of its active users.

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  Reuters | Jul 28, 2022

  Baidu Unveils Autonomous Vehicle Without Steering Wheel

  China's search engine giant Baidu Inc on Thursday unveiled its new autonomous vehicle (AV) with a detachable steering wheel, with plans to put it to use for its robotaxi service in China next year.

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  Reuters | Jul 28, 2022

  Elon Musk Seeks To Block Twitter Request For Expedited Trial

  Musk's lawyers, in papers filed with the Delaware Chancery Court, said Twitter's "unjustifiable request" to rush the merger case to trial in two months should be rejected.

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  Reuters | Jul 28, 2022

  Hyundai Motor Launches First Electric Sedan, Taking On Tesla

  The Hyundai electric sedan will have a driving range of about 610 kilometres (380 miles), around 30% more than the Ioniq 5 crossover, Hyundai said.

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  car&bike Team | Jul 28, 2022

  Oil Edges Up After U.S. Stock Build, Big Inflation Figure

  Global benchmark Brent is down sharply since hitting $139 in March, which was close to the all-time high in 2008, as investors have been selling oil of late on worries that aggressive rate hikes to stem inflation will slow economic growth and hit oil demand.

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  Reuters | Jul 28, 2022

  S.Korea Willing To Back U.S. Plan To Cap Russian Oil Price

  South Korea said it was willing to support U-S. led plans to impose a price cap on Russia oil, agreeing with Washington's initiatives to limit revenue to Moscow while mitigating global inflation.

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