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Auto Industry
Reuters
Jul 28, 2022, 3:29 PM
The auto industry has been ramping up production of electric vehicles (EV) to meet a demand surge, driving up orders for batteries and raw materials such as lithium, cobalt, etc.
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Reuters | Jul 28, 2022GM's Cruise Robotaxi Unit Drives Deeper Into The RedGeneral Motors Co has lost nearly $5 billion since 2018 trying to build a robotaxi business in San Francisco, and now as the automaker's Cruise unit starts charging for rides, the losses are accelerating.4 mins read
Reuters | Jul 28, 2022U.S. Senate Votes To Advance Sweeping Semiconductor Industry BillThe legislation provides about $52 billion in government subsidies for U.S. semiconductor production as well as an investment tax credit for chip plants estimated to be worth $24 billion.2 mins read
Jaiveer Mehra | Jul 28, 2022Mahindra XUV400 Electric SUV Spied Testing Ahead Of September DebutAll-electric SUV’s design doesn’t stray far from the eXUV300 concept from the 2020 Auto Expo.1 min read
car&bike Team | Jul 29, 2022Audi India Inaugurates Audi Approved: Plus Facility In CoimbatoreAudi India recently inaugurated a new pre-owned luxury car Audi Approved: plus outlet in Coimbatore, Tamil Nadu.1 min read
Reuters | Jul 28, 2022Germany To Reduce Electric Car Subsidies In 2023The 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.2 mins read
Reuters | Jul 28, 2022Euro Slumps To Two-Decade Low, Oil Tumbles As Recession Fears IntensifyEuro 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
Reuters | Jul 28, 2022Oil Falls 3% On Uncertainty Over Future OPEC+Output, Recession FearsThe 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.2 mins read
Jaiveer Mehra | Jul 28, 2022Kerala 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.1 min read
