Auto · 27 Nov 2022 Mercedes Cuts Some China Electric Car Prices, Shaking Shares Mercedes-Benz had cut prices on some of its EQE and EQS models in China due to changing market demand for top-end electric vehicles.
Auto · 27 Nov 2022 Redwood Materials To Supply Cathode Material To Panasonic U.S. Battery Plant Panasonic will buy remanufactured battery cathode material from Redwood Materials beginning in 2025.
Auto · 27 Nov 2022 Tesla Has Considered Exporting EVs From Shanghai To US, Canada – Report Tesla has considered plans for exporting made-in-China electric vehicles to the United States and Canada.
Auto · 27 Nov 2022 Bosch CEO Sees Inflation Weighing On Margins But Could Ease Chip Shortage Bosch sees a possible easing of the global chip shortage in the second half of 2023 if demand dips under the weight of inflation.
Auto · 27 Nov 2022 Uber-Rival Beat Withdraws From Latin America Ride-sharing app Beat is withdrawing from Latin America to focus on its European operations.
Auto · 27 Nov 2022 Foxconn To Become Biggest Shareholder In Lordstown Motors With Up To $170 Million Investment Lordstown Motors Corp has agreed a deal under which a Foxconn affiliate will invest up to $170 million in the EV maker.
Auto · 27 Nov 2022 India’s October Fuel Demand Rises On Festive Season Boost India’s fuel consumption rose to its highest in four months in the festival month of October.
Auto · 27 Nov 2022 Indian Refiners Becoming Wary Of Buying Russian Oil As EU Sanctions Loom – Report Indian refiners are wary of buying Russia crude oil loading after Dec. 5 when European Union sanctions take effect, pending clarity on the proposed G7 price cap…
Auto · 27 Nov 2022 Oil Rises 1% As OPEC+ Focus On Supply Cuts Outweighs Recession Concerns Oil prices rose about 1% after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take further steps to balance the market.
Auto · 27 Nov 2022 Government Vehicles Older Than 15 Years To Be Scrapped From April 2023 – Report The Indian government is set to scrap all government-owned vehicles which are older than 15 years from April 2023, including buses owned by transport corporations.