Auto Industry News

Pricey Models Help GM Outrace First-Quarter Supply Chain Snarls
GM's net income dipped slightly to $2.9 billion in the quarter, compared with analysts' estimates of $2.45 billion, as higher prices were not enough to offset an increase in costs.

Stellantis Boss Expects Chip Supply To Remain Tight This Year
Apr 29, 2022 11:02 PM
Stellantis CEO Carlos Tavares said that the number of troubled suppliers was now smaller and he expected further improvements next year.

Small Car Market Shrinking In India Cause Of Concern For Maruti Suzuki
Apr 29, 2022 09:59 PM
The entry-level segments have declined by 25 percent in the last 4 years.

Maruti Suzuki Net Profits Decline 11 Percent In FY 2021-22
Apr 29, 2022 09:47 PM
Carmaker reported a decline in net profits despite a 26 percent increase in net sales year-on-year.

Toyota's Thai Unit Agrees To Boost EV Incentives
Apr 29, 2022 06:04 PM
Toyota Motor Thailand to receive tax breaks and subsidies to help make EVs cheaper

Oil Eases As China Lockdowns Weigh On Demand Outlook
Apr 29, 2022 05:41 PM
Brent crude futures rose 15 cents to $107.74 a barrel by 0410 GMT while U.S. West Texas Intermediate crude dipped 3 cents to $105.33 a barrel

Govt Denies Asking EV Makers To Halt Electric Two-Wheeler Launches
Apr 29, 2022 04:02 PM
The Ministry of Road Transport and Highways (MoRTH) has taken to social media to issue a clarification that it has not issued any instruction to EV manufacturers.

OPEC+ Likely To Stick To Existing Deal And Raise June Output - Report
Apr 29, 2022 03:53 PM
OPEC+ is likely to stick to its existing deal and agree another small output increase for June when it meets on May 5

Musk Sells Tesla Shares Worth $4 Billion, Says No More Sales Planned
Apr 29, 2022 03:42 PM
Musk sold 4.4 million shares in Tesla equation to about 2.6% of this stake in the company

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