Auto Industry News
Oil Gains 1.5%, Posts Another Weekly Rise On Supply Concerns
Oil prices rose nearly 1.5%, posting a second straight weekly increase as impending European Union sanctions on Russian oil raised the prospect of tighter supply and had traders shrugging off worries about global economic growth.
Musk Aims To Quintuple Twitter's Revenue To $26.4 Billion By 2028 - Report
May 8, 2022 09:48 PM
Musk is expected to become Twitter's temporary CEO.
EV Firm Atlis Plans U.S. Stock Market Listing Amid IPO Drought
May 8, 2022 09:26 PM
Atlis Motor Vehicles has become the latest startup in the electric-vehicle space to unveil plans for an initial public offering as the global push towards electrification accelerates.
Chinese EV Company CH-AUTO To Go Public Via $1.7 Billion SPAC Deal
May 8, 2022 09:15 PM
CH-AUTO Technology Corp Ltd said it had agreed to go public with a U.S. blank-check firm in a deal valued at nearly $1.7 billion.
Ukraine Finance Minister Calls For Total Embargo On Russian Oil And Gas
May 8, 2022 09:04 PM
Ukrainian Finance Minister Serhiy Marchenko called for a complete international embargo on Russian oil and gas over Moscow's invasion of Ukraine.
Exide-Leclanche JV To Scale Up Production At India Battery Plant
May 8, 2022 08:45 PM
Nexcharge, a JV between Indian battery maker Exide Industries and Switzerland's Leclanche SA, will scale up production at its lithium-ion battery plant to 100% within four years.
Volkswagen Boosts Electric Car Investment In Spain To 10 Billion Euros
May 8, 2022 08:30 PM
Volkswagen AG and partners will invest 10 billion euros to make electric vehicles and batteries in Spain.
India Says Sudden Halt To Russian Oil Imports Would Hurt Citizens
May 8, 2022 07:33 PM
India defended its continued purchases of Russian oil saying they were part of its long-standing effort to diversify its supplies and arguing a sudden halt to imports would jack up world prices and hurt its consumers.
Reliance Industries Energy Unit Powers Fourth-Quarter Profit Jump
May 8, 2022 04:18 PM
Reliance Industries Ltd, India's most valuable company, reported a 22.5% surge in fourth-quarter profit, helped by higher fuel demand and margins at its mainstay energy business.
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