Auto Industry News
RBI Sells Dollars As Rising Oil Prices Push Rupee To Near Record Low - Report
The Indian central bank likely sold dollars via state-run banks.
India's Gasoil, Gasoline Sales Surge On Festive Demand
Oct 29, 2022 10:24 AM
Gasoline and gasoil sales by Indian state refiners rose sharply in September from a year earlier.
India Cuts Windfall Tax On Crude Oil Output, Diesel Exports
Oct 29, 2022 10:24 AM
The Indian government has cut a windfall tax on domestically produced crude oil to 8,000 rupees per tonne from 10,500 rupees per tonne.
Petronas To Fight Asset Claims By Southeast Asian Sultan's Heirs
Oct 29, 2022 10:24 AM
Malaysian state oil firm Petronas said it would contest any claims on its assets by the heirs of a former Southeast Asian sultan, who are seeking $15 billion in compensation.
Oil Falls But Notches Weekly Gain As OPEC+ Considers Output Cut
Oct 29, 2022 10:23 AM
Oil prices dipped choppy trading but notched their first weekly gain in five.
U.S. Autonomous Vehicle Group Picks Ex-Senate Aide As Director
Oct 29, 2022 10:23 AM
The Autonomous Vehicle Industry Association (AVIA) has tapped Jeff Farrah as its first executive director.
Chip Shortage Forces Temporary Closure Of Volvo Cars Factory - GP
Oct 29, 2022 10:23 AM
Volvo Cars will temporary close one of its factories due to a chip shortage, the company told newspaper Goteborgs-Posten on Tuesday.
Intel Unit Mobileye Prices IPO Above Range To Raise $861 Million
Oct 29, 2022 10:23 AM
The IPO values Mobileye at $16.7 billion, a far cry from the $50 billion valuation that Intel was initially hoping to achieve.
Automakers To Double Spending On EVs, Batteries To $1.2 Trillion By 2030
Oct 29, 2022 10:23 AM
The EV investment figure, which has not previously been published, dwarfs previous investment estimates by Reuters and is more than twice the most recent calculation published just a year ago.
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