One of the key factors contributing to Tesla’s slowdown is a consumer shift towards cheaper gasoline-electric hybrid vehicles.
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Boeing disclosed that as part of the merger, Airbus will take over specific commercial work packages currently handled by Spirit for Airbus.
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Higher prices for Saudi oil have prompted Chinese refiners to curtail imports from Saudi Arabia for the third consecutive month in July.
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Shares of Rivian initially fell as much as 8.9% but later recovered to a drop of less than 3% after the company reiterated its forecast …
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The growing anticipation of an imminent Fed easing cycle has sparked a risk rally across stock markets.
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The development comes against the backdrop of supply challenges faced by some electric truck manufacturers.
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This move comes in response to a Delaware judge’s January ruling that invalidated Musk’s compensation plan.
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INDUSTRY NEWSLatest News
Auto sector sees two-wheeler growth amidst mixed performance in PVs and CVs for June 2024
Industry experts are optimistic about the future across all segments, with two-wheelers expected to outperform other categories.
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CATL is moving forward with plans to expand its operations in Europe, aiming to increase its presence in the region next year.
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Electric vehicle manufacturer Fisker recalls more than 12,000 Ocean SUVs due to faulty exterior door handles, marking its third recall in April.