Auto Industry
Reuters
Jul 28, 2022, 11:26 PM
Sales at the Swedish EV maker rose almost 125% to about 21,000 cars in the first six months of the year
1 Min
Reuters | Jul 28, 2022Rivian To Address Layoffs At Friday Meeting, Tesla To Cut 229 JobsElectric 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.1 min read
Reuters | Jul 28, 2022Twitter Gets Fast-Tracked Elon Musk Trial Over $44 Billion DealTwitter 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.2 mins read
Reuters | Jul 28, 2022Musk Says Tesla Could Lower Car Prices If Inflation SlowsTesla Inc Chief Executive Officer Elon Musk said the electric automaker could lower prices for cars if inflation calms down.1 min read
Reuters | Jul 28, 2022Brent Crude Settles Below $100/bbl On Higher Dollar, Weak Demand OutlookGlobal 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.3 mins read
Reuters | Jul 28, 2022Oil Settles Up Nearly $4 As Tight Supply Outweighs Recession FearsOil 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.2 mins read
Reuters | Jul 28, 2022Tata Motors Aims To Sell 50,000 EVs In This Fiscal YearTata 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.1 min read
Reuters | Jul 28, 2022Oil Settles Higher On U.S. Inventory Drop, Russia Gas CutsOil 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.1 min read
Reuters | Jul 28, 2022India's Reliance Industries Profit Surges, Powered By Oil BusinessIndia'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.2 mins read
