Auto Industry
car&bike Team
Feb 14, 2022, 1:00 AM
Nelson Chai, CFO, Uber Inc. forecasts $5 billion in a measure of adjusted earnings by fiscal 2024, with gross bookings expected to be between $165 billion and $175 billion.
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car&bike Team | Feb 14, 2022U.S. Oil Busts Through $90/Bbl For First Time Since 2014Oil prices surged in late-day trading Thursday, sending the U.S. crude benchmark through $90 a barrel for the first time since 2014 due to ongoing supply worries and as frigid weather cascades across the United States.1 min read
car&bike Team | Feb 13, 2022Oil Falls From Seven-Year High As Russia Tensions Offset Fed TighteningOil prices fell on Thursday after Brent crude hit a seven-year high above $90 a barrel, as the market balanced concerns about tight worldwide supply with expectations the U.S.1 min read
car&bike Team | Feb 13, 2022Canada Trucker Blockade Poses Risk To Supply Chain, Auto Industry, Says US GovernmentThe Canadian truckers blockade is posing a risk to the auto industry's supply chain and U.S. officials were in close touch with their counterparts in Canada on the issue, the White House said on Wednesday.1 min read
car&bike Team | Feb 13, 2022Britishvolt Signs Agreement To Develop High-Nickel EV BatteriesDemand for nickel is expected to jump over the next decade as EVs go mainstream. Nickel bolsters energy storage in a battery's cathode, which in turn extends an EV's range. The auto industry is scrambling to boost EV range with large investments in research into more energy-dense batteries.1 min read
Sameer Contractor | Feb 12, 2022Industrialist Rahul Bajaj Passes Away At 83The Bajaj patriarch reportedly was suffering from pneumonia and also heart ailment. He was admitted to the hospital for the past month. He will be cremated with full state honours.1 min read
Reuters | Feb 12, 2022EU Car Sales To Rise 7.9% In 2022 As Chip Supply Stabilises: ReportThe European Automobile Manufacturers' Association (ACEA) represents the 16 major Europe-based automakers and said this would follow a 2.4 per cent decline in 2021 due to a shortage of semiconductors.1 min read
Reuters | Feb 12, 2022Semiconductor Chip Supply To Normalise In 2022, Says Mexico's Auto IndustryA return to more normal supplies of semiconductors would allow Mexican carmakers to increase use of installed capacity.1 min read
Reuters | Feb 12, 2022Ford Reconsiders India After Halting Production, This Time For EVsFord said it was exploring the possibility of using a plant in India as an export base for EV manufacturing that could potentially be sold in the country too.1 min read
