Cars
Reuters
Jul 29, 2022, 4:11 PM
Oil prices slid about 2% on Wednesday as a rise in U.S. gasoline and distillate inventories and worries about slower economic growth around the world offset ongoing concerns about tight crude supplies.
3 Min
Reuters | Jul 29, 2022Mexican Used-Car Startup Kavak Expands Outside Latin AmericaMexican used-car platform Kavak is investing $180 million to open offices and make its platform available in four new countries, including Turkey - its first location outside Latin America, the company said Wednesday.1 min read
Reuters | Jul 29, 2022Explainer: Can Elon Musk Defy A Court If Ordered To Buy Twitter?Twitter Inc has sued Elon Musk to force him to go through with the $44 billion acquisition of the social media company. What happens if Twitter succeeds and the world's richest man, who regularly taunts securities regulators, refuses to comply with the court order?2 mins read
Shubham Parashar | Jul 29, 2022LetsTransport And SUN Mobility Join Hands For Battery Swapping TechnologyIn the next one year, SUN Mobility and LetsTransport are planning to deploy 2000 last mile connectivity EVs in India.2 mins read
Reuters | Jul 29, 2022Tesla Moves To Push Lawsuit Over Mass Layoffs Out Of CourtTesla in a filing in federal court in Austin, Texas, where the company is based, said the workers who were terminated signed valid agreements to bring employment-related legal disputes in arbitration and to refrain from participating in class-action lawsuits.2 mins read
Reuters | Jul 28, 2022U.S. Not Expecting Saudi Arabia To Immediately Boost Oil OutputThe U.S. could secure a commitment that OPEC+ will boost production in the months ahead, which could send a signal to the market that supplies are coming if necessary.3 mins read
Reuters | Jul 28, 2022GM Signs Agreements With Suppliers, On Course To Reach 1 Million EV Capacity By 2025General Motors Co said on Tuesday it had signed multi-year agreements with LG Chem Ltd and Livent Corp to secure key raw materials used in manufacturing batteries for electric vehicles.1 min read
Reuters | Jul 28, 2022Jaguar Land Rover Names Bergmeier As Industrial Operations ChiefBritish carmaker Jaguar Land Rover (JLR) said on Friday it had hired former BMW executive Barbara Bergmeier for a newly-created role overseeing supply chains and industrial operations, at a time when the industry faces persistent supply shortages.1 min read- Reuters | Jul 28, 2022Rivian To Address Layoffs At Friday Meeting, Tesla To Cut 229 JobsElectric truck maker Rivian Automotive will brief employees on Friday on potential layoffs and plans to suspend some programs as part of a broader restructuring, Chief Executive R.J. Scaringe said in an email sent to employees on Monday evening.1 min read
