Auto Industry

Jaiveer Mehra

Jul 28, 2022, 8:49 PM

Mahindra XUV400 Electric SUV Spied Testing Ahead Of September Debut

All-electric SUV’s design doesn’t stray far from the eXUV300 concept from the 2020 Auto Expo.

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  car&bike Team | Jul 30, 2022

  Audi India Inaugurates Audi Approved: Plus Facility In Coimbatore

  Audi India recently inaugurated a new pre-owned luxury car Audi Approved: plus outlet in Coimbatore, Tamil Nadu.

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  Reuters | Jul 28, 2022

  Germany To Reduce Electric Car Subsidies In 2023

  The incentives, or premiums, paid to buyers of electric cars will expire completely once an allocated sum of 3.4 billion euros ($3.44 billion) from the next two years' budget is spent, according to government sources.

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  Reuters | Jul 28, 2022

  Euro Slumps To Two-Decade Low, Oil Tumbles As Recession Fears Intensify

  Euro zone recession fears were exacerbated by concerns about an energy crisis in Europe and by Tuesday's data, which showed a sharp slowdown in business growth in June, following Monday's news of a seasonally adjusted May trade deficit in Germany versus expectations for a surplus.

  3 mins read
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  Reuters | Jul 28, 2022

  Oil Falls 3% On Uncertainty Over Future OPEC+Output, Recession Fears

  The OPEC+ group of producers, including Russia, on Thursday agreed to stick to its output strategy after two days of meetings. The producer club avoided discussing policy from September onwards.

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  Jaiveer Mehra | Jul 28, 2022

  Kerala Man Fined For “Riding Without Sufficient Fuel”

  As per reports, the rider was flagged down for riding in the wrong direction on a one-way street and subsequently paid a Rs 250 fine on the spot.

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  Reuters | Jul 28, 2022

  Nasdaq Falls With Dollar, Oil Rises; Earnings, Fed In Focus

  Nasdaq closed lower on Monday after a choppy session for U.S. equities ahead of a big week of technology earnings reports while oil prices rose and treasury yields edged higher as investors braced for a Federal Reserve interest rate hike.

  3 mins read
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  Reuters | Jul 28, 2022

  Oil Falls On Lackluster U.S. Summer Gasoline Demand

  Oil prices have been extremely volatile, caught in a tug-of-war between supply fears caused by Western sanctions on Russia and worries that the fight against inflation could weaken the global economy and cut demand.

  2 mins read
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  Reuters | Jul 28, 2022

  Yellen: U.S. Talks With India On Price Cap On Russian Oil 'Encouraging'

  U.S. Treasury Secretary Janet Yellen described as "encouraging" talks with India about a proposed price cap on Russian oil that Washington is pushing to drive down oil prices and make it harder for Moscow to fund its war in Ukraine.

  1 min read