Cars News

Tesla Shareholders Broadly Follow Board Recommendations At Annual Meeting

Aug 5, 2022 10:07 PM

2 mins read

Tesla Inc shareholders voted for board recommendations on most issues at the company's annual meeting, including re-electing directors, approving a stock split, while rejecting proposals focused on environment and governance.

Indian Automaker Mahindra & Mahindra Enjoys Strong First Quarter As COVID Restrictions Ease

By Reuters

Aug 5, 2022 10:04 PM

Mahindra and Mahindra Ltd reported a sharp jump in first-quarter net profit on improved demand for the Indian automaker's passenger vehicles and tractors.

Biden To Sign Bill To Boost Chipmakers, Compete With China Aug. 9 - White House

By Reuters

Aug 5, 2022 09:54 PM

President Joe Biden next Tuesday will sign a bill to subsidize the U.S. semiconductor industry and boost efforts to make the United States more competitive with China, the White House said.

Oil Prices Rise From Multi-Month Lows On Supply Concerns

By Reuters

Aug 5, 2022 09:06 PM

Oil prices rose slightly, bouncing off their lowest levels since February, as concern over supply shortages was countered by expected declines in fuel demand.

Italy, Intel Close To $5 Billion Deal For Chip Factory - Sources

By Reuters

Aug 5, 2022 09:01 PM

Italy is close to clinching a deal initially worth $5 billion with Intel to build an advanced semiconductor packaging and assembly plant in the country, two sources briefed on discussions told Reuters.

Strong Demand For Mahindra SUVs With 2.40 Lakh Open Bookings; Waiting Period To Go Up

By Ameya Naik

Aug 5, 2022 08:25 PM

The company has said that it has received 1.40 lakh open bookings for its SUV portfolio, however, add the 1 lakh bookings that the Scorpio-N received in 30 minutes, then the tally goes up to 2.40 lakh.