Auto Industry News
India's Crude Oil Imports Rise In March On Demand Recovery
India's crude imports rose about 4.2% in March to 19.03 million tonnes from a year earlier, government data showed on Monday, as consumption picked up in the world's third-largest oil importer after COVID-19 curbs were eased.
Auto Parts Maker Aptiv Joins Rivals To Flag Earnings Hit From China Lockdowns
May 29, 2022 12:34 AM
Aptiv has a "heavy presence" in Shanghai, a city that has been under strict lockdowns due to surging COVID-19 cases.
Uber To Cut Costs, Slow Down Hiring, CEO Tells Staff
May 29, 2022 12:31 AM
The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc
Factbox - South Korean EV Battery Makers In $13 Billion Spree To Win U.S. Market
May 29, 2022 12:28 AM
South Korean battery makers have stepped up their U.S. investment ambitions and cumulative spending announcements since 2018
Indian Shares Fall As Metals Tumble; Automobiles Help Cap Losses
May 29, 2022 12:20 AM
India announced a series of changes to the tax structure levied on fuel and crucial commodities in a bid to help fight surging inflation.
Japan's Subaru To Build Its First Electric Vehicle Factory
May 29, 2022 12:13 AM
Subaru plans to launch a mixed-production line of gasoline and electric vehicles around 2025 before opening an EV-only production line in the new factory after 2027
Ather Energy Says Damaged E-Scooter Due To Accident Caused Short-Circuit, Fire
May 28, 2022 11:58 PM
Upon investigating a fire in the Ather Energy dealership in Chennai, Ather has pinned the cause to a crack in the battery casing of the vehicle, which was caused by an earlier accident. No injuries were reported.
CATL Planning EV Battery Production In United States, Vetting Sites - Report
May 28, 2022 10:06 PM
CATL, the world's largest battery maker, is in the final stages of vetting sites in the United States to build electric vehicle batteries.
Varroc Engineering To Sell Europe, Americas 4-Wheeler Lighting Business For $631 Million
May 28, 2022 09:45 PM
Varroc, which will retain its 4-wheeler lighting operations in Asia, said it will continue to operate its China joint venture and its other businesses in countries such as Italy, Vietnam, Poland and Romania.
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