Auto Industry
car&bike Team
Apr 30, 2022, 12:25 AM
India has asked state-run energy companies to evaluate the possibility of buying European oil major BP's stake in sanctions-hit Russian firm Rosneft
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car&bike Team | Apr 30, 2022India's Tata Aims To Build 80,000 Electric Vehicles This Financial Year - ReportTata Motors expects to aggressively ramp up annual production of electric vehicles to 80,000 units compared to 19,000 units it built and sold in the last financial year.1 min read
car&bike Team | Apr 30, 2022Indian Refiners Seeking 6-mth Russian Oil Import Deal - ReportIndian refiners are negotiating a six-month oil deal with Russia to import millions of barrels per month.1 min read
car&bike Team | Apr 30, 2022Volkswagen Expects Chip Shortage To Ease Later In 2022VW CEO Herbert Diess expects the company to ramp up production in the second half of the year despite the shortage of semiconductors.1 min read
car&bike Team | Apr 29, 2022Uber Forecasts Adjusted Earnings Of $5 Billion By Fiscal 2024Nelson Chai, CFO, Uber Inc. forecasts gross bookings of between $165 billion and $175 billion by the fiscal year 20241 min read
car&bike Team | Apr 29, 2022EV Battery Giant LG Energy Solution Sees Demand Rising As Chip Shortage EasesLG Energy Solution aims to boost sales by about 8% in 2022. The company expects that the global chip shortage will ease this year, leading to a pick-up in demand for electric vehicle (EV) batteries.1 min read
car&bike Team | Apr 29, 2022Toshiba To Invest $1 Billion To Double Power Chip ProductionThe Japanese industrial conglomerate will build a cutting-edge 300-millimeter fabrication plant in central Japan for power management chips, which efficiently control electric power in cars, electronic devices, and industrial equipment.1 min read
car&bike Team | Apr 29, 2022Japan Urges More Chip Tie-Ups With Taiwan At Trade TalksJapan called for greater collaboration with Taiwan on semiconductors at a bilateral economic and trade meeting.1 min read
car&bike Team | Apr 29, 2022Pricey Models Help GM Outrace First-Quarter Supply Chain SnarlsGM'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.1 min read
