UK Car Production Falls 10% In 2022; EVs See Strong Performance
Annual U.K. car production fell 9.8% to 775,014 units in 2022 as global chip shortages, and structural changes depress output.
Nomura Sees India’s Central Bank Hiking Rates By This Much In February
On CNBC, Sonal Varma of Nomura said the Reserve Bank of India is expected to announce a "final" 25 basis point rate increase in February due to "elevated core inflation."
12 Consumer Discretionary Stocks Moving In Wednesday’s After-Market Session
Gainers Cazoo Gr (NYSE:CZOO) stock increased by 8.9% to $0.17 during Wednesday’s after-market session. Cazoo Gr’s trading volume…
Tata Motors Announced Delhi Transport Corporation Signs a Definitive Agreement With Unit for Operating 1500 Electric Buses
Tata Motors, India's largest commercial vehicle manufacturer, today announced that Delhi Transport Corporation (DTC) has signed a definitive agreement with its fully owned subsidiary, TML CV Mobility Solutions Ltd. for operation of 1500 electric buses in the city of New Delhi. As part of the agreement, TML CV Mobility Solutions Ltd.
Stocks That Hit 52-Week Lows On Thursday
Thursday's session saw 329 companies set new 52-week lows.
Premium Car Maker Jaguar Land Rover Trims Output To Counter Chip Crisis
Tata Motors Ltd’s (NYSE:TTM) Jaguar Land Rover slashed vehicle output in the U.K. through March as it prioritized higher-margin…
Jaguar Land Rover Braced To Recruit Twitter And Facebook’s Ousted Workers
Tata Motors Ltd (NYSE:TTM) Jaguar Land Rover looked to recruit workers fired by technology companies like Meta Platforms Inc (NASDAQ:META) and Twitter Inc to fill…
Mercedes-Benz Plans To Quit Russian Market, Divest Shares To Local Investor: Report
Mercedes-Benz Group ADR (OTC: MBGYY) has become the latest car maker to exit Russia.
Indian car Makers Proposed Cutting the Tax Rate to 30% on Imported Cars as Part of Trade Deal with Britain
-Reuters
https://www.reuters.com/article/india-uk-trade-autos/exclusive-indian-car-makers-propose-tax-cut-on-imports-in-trade-deal-with-britain-idUKL4N3171ZK#:~:text=NEW%20DELHI%20(Reuters)%20%2D%20Indian,world's%20most%20protected%20automobile%20markets.
$10,000 Electric Vehicle? This Company Is Readying One For Market
An Indian automotive company could bring to market a $10,000 electric vehicle before several major electric vehicle companies launch in the country.
What Happened: Tata Motors Limited ADR (NYSE: TTM) showed off its new electric vehicle that comes with a starting price of around $10,000.