Auto Industry
car&bike Team
Apr 28, 2022, 6:40 AM
The BMW Group delivered 2.52 million vehicles, an 8.4% increase from last year.
1 Min
car&bike Team | Apr 28, 2022U.S. Hybrid Electric Car Sales Hit Record HighsU.S. sales of hybrid vehicle sales jumped 76% to 801,550 vehicles last year, accounting for 5% of U.S. light vehicle sales, according to data from analytics firm Wards Intelligence.1 min read
car&bike Team | Apr 28, 2022Dassault Systemes Raises Targets For 2022, Sets Out Succession PlanFrench software maker Dassault Systemes on Wednesday raised its annual profit forecast and reported first-quarter earnings that topped estimates, boosted by its industrial and clinical trial businesses.1 min read
car&bike Team | Apr 28, 2022Tata's Air India Proposes To Buy AirAsia IndiaTata Group-owned Air India has proposed to buy the entire equity share capital of low cost carrier AirAsia India, in which Tata has a majority stake, to merge into a single airline, according to an application with India's competition commission.1 min read
car&bike Team | Apr 28, 2022China Lockdowns Raise Earnings Risk For Chip Firms, Automakers, IndustrialsIndustrial firms including GE, chipmakers such SK Hynix and automaker Mercedes Benz warned that China's strict COVID-19 curbs were intensifying supply chain disruptions and raising uncertainty about the business outlook.1 min read
car&bike Team | Apr 28, 2022Oil Prices Fall 5% After IMF Cuts Growth OutlookOil prices were down about 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) cut its economic growth forecasts and warned of higher inflation.1 min read
car&bike Team | Apr 28, 2022Analysis-Musk's Tweets Fuel Mining Industry's Hopes Of A Buyout By TeslaElon Musk's recent musings that high lithium prices may force Tesla Inc to make its own supply of the electric vehicle battery metal have fueled hopes by some that the billionaire entrepreneur will instead opt for a buyout of an established mining company.1 min read
car&bike Team | Apr 28, 2022Tech Stocks Drag Indian Shares Lower; Infosys Hits 8-Month LowIndian shares touched three-week lows on Monday, hammered by losses in IT stocks after Infosys crashed 9% on missing March-quarter profit estimates, while inflation concerns globally also weighed on investors' sentiment.1 min read
car&bike Team | Apr 28, 2022India's Russian Oil Purchases Since Ukraine Invasion More Than Double 2021 TotalIndia has bought more than twice as much crude oil from Russia in the two months since its invasion of Ukraine as it did in the whole of 2021.1 min read
