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Author Articles
IEA Says Market May Lose 3 Million Bpd Of Russian Oil Next Month
Paris-based watchdog says buyer reluctance and sanctions on Russian crude could drive up inflation and undercut economic recovery
Evergrande Electric Vehicle Arm To Start Taking Car Orders 'Imminently'
China Evergrande New Energy Vehicle Group said it will start accepting orders for its inaugural electric car, the Hengchi 5 sport utility vehicle, "imminently" and open sales centres in 15 major cities across the country. Liu
Vitesco Receives 2 Billion Euro Order For Electric Car Components - CEO
Vitesco has received an order worth around 2 billion euros ($2.20 billion) to produce a component for electric vehicles (EVs), Chief Executive Andreas Wolf said on Friday, without naming the client.
Tesla To Ask Shareholders To Vote On Authorising More Shares
Tesla's shares rose nearly 4% to $1,049.05 in trading before the bell. The stock split, if approved, would be the company's latest after a five-for-one split in August 2020 to make owning the stock easier for its employees and investors.
India's Gasoil, Gasoline Sales Top Pre-COVID Level On Price Hike Fears
Demand for fuel in first half of March grew 24 percent over March 2019
Evergrande Electric Vehicle Arm To Start Taking Car Orders 'Imminently'
The EV firm's Wechat post said the sales centres will be located in cities including Tianjin, Shanghai, and Guangzhou.
Morocco Announces $180 Million In Automotive Wiring Systems Investments
Under the deals, Japan's Yazaki will set up a new wiring plant worth $38 million in Tangiers and expand its existing factories in Kenitra and Tangier for $40 million.
India's Feb Crude Oil Imports Hit 4 Month-Low As Global Prices Surge
February crude oil imports decreased by about 8.6 per cent from the previous month and were 5.7 per cent lower than pre-pandemic levels in the same month two years ago.
Oil Jumps 5 Per Cent As Caspian Pipeline Disruption Adds To Supply Fears
The situation adds to market worries about the ripple effect of heavy sanctions on Russia, the world's second-largest crude exporter, after its invasion of Ukraine.
Indian Oil Buys 3 Million Barrels Of Urals For May Loading - Trade Sources
Urals crude has been purchased from trader Vitol on a delivered basis at a "discount", they said.
Indian Refiners Hike Crude Processing In February To Meet Demand Rise
India's fuel consumption had its biggest year-on-year jump since August 2021, up 5.4% in February compared with the same month in 2021.
Electric-Car Makers Should Rethink Raw Material Supply Chains -RBC
RBC analysts said that rising commodity prices for EV due to the Ukraine-Russia conflict would put pressure on manufacturer's margins.
Triumph Tiger Sport 660: What To Expect
The new Triumph Tiger Sport 660, the entry-level sport touring model with the 'Tiger' name from Triumph Motorcycles, will be launched in India on March 29, 2022.
Volvo Cars Cuts 2022 Sales Volume Forecast Due To Chip Shortage
Volvo Cars said on Tuesday that a shortage of semi-conductors was hitting production and would likely to continue through the second quarter, forcing it to cut its forecast for vehicle deliveries for the full year.
Japan's Suzuki, SkyDrive Sign Deal To Develop, Market 'Flying Cars'
Japanese automaker Suzuki Motor Corp and 'flying car' firm SkyDrive Inc said they have signed a deal to team up in research, development and marketing of electric, vertical takeoff and landing aircraft.
Next-Generation KTM 125 Duke Spotted On Test
The 2023 KTM 125 Duke will get a complete makeover, with new design, as well as an all-new engine, new suspension and new frame.
Petrol, Diesel Prices Hiked By Up To Rs. 4.10 Per Litre In One Week
Mondays price revision saw petrol prices climb by 30 paise and diesel by 35 paise.
'Humble And Hidden' Auto Suppliers Driving The EV Revolution
The shift to electric cars may pose an existential threat to suppliers of combustion engines but for auto parts firms such as TE Connectivity the challenge is keeping up with demand.
Royal Enfield Himalayan 450 Spotted On Test For First Time
The upcoming Royal Enfield 450 cc ADV is expected to be introduced in early 2023, possibly with the production model going on sale in the first quarter of 2023.
Elon Musk Giving 'Serious Thought' To Build A New Social Media Platform
Tesla Inc Chief Executive Officer Elon Musk is giving "serious thought" to building a new social media platform, the billionaire said in a tweet on Saturday.
