Auto Industry News
Musk Tells Tesla Workers Not To Be 'Bothered By Stock Market Craziness'
Tesla's plummeting share price has hurt the value of shares owned by the EV maker's employees. Tesla has offered stock compensation for most employees including factory workers.
India's Fuel Demand Hits Eight-Month Peak In November
Dec 31, 2022 05:45 PM
India's fuel demand climbed to an eight-month high in November.
India Orders Rickshaws Around Delhi To Run On Cleaner Fuel
Dec 31, 2022 05:44 PM
India is to ban the use of diesel autorickshaws in areas around the capital Delhi, expanding restrictions introduced in the city itself to tackle some of the worst city air quality in the world.
Tesla To Freeze Hiring, Lay Off Employees Next Quarter - Report
Dec 31, 2022 05:44 PM
The reported move comes at a time when Tesla investors have raised concerns over Chief Executive Elon Musk's distraction with managing Twitter.
India Sees No Hit To Fuel Exports From EU Feb 5 Action On Russian Imports - Oil Secretary
Dec 31, 2022 05:44 PM
Indian refiners have been gorging on Russian oil sold at a discount as some Western entities shun purchases from Moscow following its invasion of Ukraine in late February.
India's e-Bus Ambition Hits Financing Speed Bump
Jan 2, 2023 04:16 PM
India wants to deploy 50,000 e-buses in tranches over the next four to five years at an estimated cost of one trillion rupees ($12 billion).
Diesel Sales Of Indian State Retailers Up On Industrial Recovery
Dec 31, 2022 05:44 PM
Indian state refiners' daily diesel sales rose 21% in November from the previous month.
U.S. Finalizes $2.5 Billion Loan To GM, LG Battery Joint Venture
Dec 31, 2022 05:44 PM
The loan will help finance construction of new lithium-ion manufacturing facilities in Ohio, Tennessee and Michigan.
Mahindra CEO Sees U.S. Entry For New Electric Vehicles At Least Five Years Away
Dec 31, 2022 05:44 PM
Mahindra, as part of its long-range strategy, is considering whether to build vehicles in North America, to take advantage of incentives built into the U.S. Inflation Reduction Act.
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