Auto Industry News

Dinesh Radhakrishnan worked for a year as the Chief Technology Officer at Ola Electric and Ola Cabs, and handled critical engineering functions. He is the second high profile exit in a span of a few days after Arun Sirdeshmukh, CEO of Ola Cars.

The group's members have become worried that U.S. President Joe Biden is using the Strategic Petroleum Reserve (SPR) to tamp down rampant domestic inflation for political reasons, instead of protecting consumer countries from a global supply disruption, according to the sources who declined to be identified because of the sensitivity of the topic.

AGCO Corp said a ransomware attack was affecting operations at some of its production facilities, and dealers said tractor sales had been stalled during the crucial planting season.

Electric vehicle maker Nikola Corp said it had secured sufficient component supplies to meet its delivery target of between 300 and 500 Tre battery electric trucks this year, sending its shares more than 7% higher.

Commercial electric vehicle (EV) startup Volta Trucks unveiled two smaller zero-emission truck models that will start production in 2025, opening more options for urban deliveries and in EU markets with restrictions for Sunday operations.

ale SA said it has signed a long-term deal with Tesla Inc to supply the U.S.-based electric vehicle maker with nickel from its Canadian operations.

Semcorp plans to invest $916 million in a manufacturing plant in Sidney, Ohio.

Coronavirus, war in Ukraine, Brexit and a container ship wedged in the Suez Canal have combined to delay deliveries.