Auto Industry News
Toyota Profit To Rise But Eyes Will Be On Its Shaky Supply Chain, EV Strategy
The world's biggest automaker by sales said last week its global production rebounded by 30 per cent in the quarter that ended in September but warned shortages of semiconductors and other components would continue to constrain output in coming months.
RattanIndia To Buy Electric Motorcycle Maker Revolt
Nov 30, 2022 10:05 PM
RattanIndia, whose shares soared 10% in morning trade, did not disclose the size of the deal. It's buying the stake in Revolt Motors at a time when eco-conscious consumers are turning to alternatives to conventional vehicles.
India's Top Bikemaker Hero Launches E-Scooter To Chase Startups
Nov 30, 2022 10:04 PM
Like some other legacy automakers in India, Hero has been a laggard in launching electric two-wheelers, giving startups such as Ather Energy, which is backed by Tiger Global, and Softbank Group-backed Ola Electric a first-mover advantage.
Renault-Backed Beyonca EV Venture Touts Health Monitoring, Targets Audi In China
Nov 30, 2022 10:04 PM
Led by current Renault China CEO Soh Weiming and backed by Renault and Dongfeng Motor, two-year-old Beyonca plans to unveil its first production car in the first quarter of next year with deliveries from 2024, Soh told Reuters.
Musk Says Pepsi To Receive Tesla's First Semi Trucks In December
Nov 30, 2022 10:04 PM
Tesla Inc is starting Semi electric commercial truck production and PepsiCo Inc will get the first deliveries on Dec. 1, the electric vehicle maker's chief Elon Musk tweeted on Thursday.
Stellantis Jeep Joint Venture In China To File For Bankruptcy
Nov 30, 2022 10:03 PM
Stellantis said in a statement it had fully impaired the value of its investment in the joint venture in its results for the first half of 2022. It also said it would continue to provide service to Jeep customers in China.
S. Korea Braces For Supply Disruptions As Trucker Strike Looms
Nov 30, 2022 10:03 PM
Land Minister Won Hee-ryong said that the government would consider deploying military trucks to areas needed for urgent transport.
India Can Buy As Much Russian Oil As It Wants, Outside Price Cap, Yellen Says
Nov 30, 2022 10:00 PM
The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap.
India Sends More Vacuum Gasoil To The U.S. As The West Shuns Russian Oil
Nov 30, 2022 10:00 PM
India stepped up vacuum gasoil exports to the United States this year in an unusual trade flow for the oil product.
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