Fitch affirmed Hyundai Motor and Kia's long-term ratings at 'BBB+' with a stable outlook. Fitch Ratings affirmed the long-term issuer default ratings (IDR) of South Korean automakers Hyundai Motor and Kia at "BBB+" with a stable outlook, the agency said in a press release. "The rating affirmation...

American electric car maker Tesla delivered a record 310,048 cars in the first quarter of 2022, Bloomberg wrote with reference to the company's report. The automaker surpassed analysts' expectations that Tesla would ship 309,158 vehicles, the agency said. Meanwhile, the company’s CEO Elon Musk...

The ongoing global shortage of semiconductor chips and the Russian invasion of Ukraine have reduced inventories of car companies in the United States during the first quarter of the current year. This has pushed up prices of new vehicles in the country which has resulted in the less affluent...

US pressure on Chinese etch giant Huawei Technologies has served to strengthen the Chinese telecoms major's resolve, finance head Meng Wanzhou said on Monday after the company's first set of results since her release from incarceration in Canada after nearly three years.   Ren Zhengfei's...

The business models and key business practices of the largest American tech companies including Alphabet owned Google, Amazon, Apple, Meta, and Microsoft, may have to be adjusted by the businesses in Europe in order to meet the requirements of potential new landmark measures to limit the powers of...

Tesla shares rose 6 percent after opening of an auto plant in Germany on Tuesday, trading data showed. The company's shares rose 5.89 percent to $976.03 per security. The index climbed to a high of $977.23 during trading. Tesla's auto plant in the German state of Brandenburg received a permit to...

After winning a contest, India’s Reliance Industries and Softbank Group-backed Ola Electric will receive incentives under India's $2.4 billion scheme to encourage domestic battery cell manufacture, according to a report published by Reuters based on information from sources.   Hyundai Global...

The soaring cost of fuel is about to bite Americans.   Uber, the ride-hailing firm, has stated that in order to account for rising gasoline prices, it would impose a fuel surcharge on fares and deliveries for its users in the United States and Canada.   Uber users in the two...

The top Brazilian cosmetics firm Natura & Co reported a huge, a 292 per cent, surge in its net income for the fourth quarter on Wednesday, which the company attributed to the structural improvements that it had implemented as well as the speedier than the expected synergy...