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Articles of Carandbike Team
BMW's CEO Expects Chip Shortage To Last Into 2023
In an interview with newspaper Neue Zuercher Zeitung (NZZ), BMW's CEO Oliver Zipse said A shortage of semiconductors is likely to remain a problem for the auto industry into 2023.
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Iran Guards Say They Have Seized Two Ships With Smuggled Fuel In Gulf
Iran's Revolutionary Guards said they had seized two vessels along the country's coast on the Gulf and the nearby Gulf of Oman for allegedly smuggling fuel.
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Mercedes-Benz Bets On India's Nouveau Riche To Drive Luxury Car Sales
Mercedes-Benz is betting that an expanding pool of young new millionaires will drive demand for luxury cars in India, creating faster sales growth than for mass market cars
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Tesla, Block And Blockstream To Mine Bitcoin Off Solar Power In Texas
Electric-vehicle maker Tesla Inc., payments firm Block Inc and blockchain company Blockstream Corp will collaborate to mine bitcoin using solar power in Texas
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OPEC Tells EU It's Not Possible To Replace Potential Russian Oil Supply Loss
OPEC told the European Union that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and signalled it would not pump more.
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Judge Finds Tesla Liable To Black Former Worker Who Alleged Bias, But Slashes Payout
Tesla Inc was liable to a Black elevator operator who said the electric car company ignored racial abuse at the factory where he worked, but reduced a nearly $137 million jury award to $15 million.
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Oil Dives 4%, Below $100 On China lockdowns, Reserves Release Plan
Oil prices fell about 4% on Monday, with Brent crude tumbling below $100 a barrel on worries that the COVID-19 pandemic will cut demand in China and as International Energy Agency (IEA) countries plan to release record volumes of oil from strategic stocks.
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Actor Mahesh Babu Joins The Audi Family With e-tron Electric SUV Worth Rs. 1.14 Cr.
The Audi e-tron SUV was Audi's first EV to be launched in India, and was followed by the e-tron GT twins.
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Mercedes-Benz Completes 1,000 Km Drive On EQXX Prototype
Mercedes-Benz aims to produce electric cars consuming as little as 10 kilowatt hours of energy per 100 km
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Oil Traders To Cut Russian Oil Purchases From May 15 - Report
Major global trading houses are planning to reduce crude and fuel purchases from Russia's state-controlled oil companies as early as May 15
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Indian Oil Removes Russian Urals From Latest Tender: Report
Indian Oil Corp (IOC) has excluded several high-sulphur crude grades, including Russian Urals, from its latest tender
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India's March Fuel Demand Hits 3-Year High, Petrol Sales At Record Peak
India's fuel demand rose to a three-year high in March, with petrol sales hitting an all-time peak, as the market accumulated supplies foreseeing price spikes.
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BlackRock, Mubadala To Invest Rs. 4000 Cr. In Tata Power's Renewable Energy Unit
Tata Power said that BlackRock Real Assets and Abu Dhabi's Mubadala Investment Company would invest Rs. 4000 crore ($525.76 million) in the company's renewable energy unit for a 10.53% stake.
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Automakers Accelerate Drive To Secure Battery Raw Materials
A spike in demand for electric vehicles (EV) in the global markets is encouraging automakers such Tesla Inc, Volkswagen and Stellantis NV to secure raw materials needed for making batteries.
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Some Banks Stop Credit For Oil Imports By Rosneft-Owned India Refiner Nayara - Report
HDFC Bank and some foreign banks have stopped offering trade credit for oil imports to Nayara Energy, a Russian-backed refiner, and some suppliers are seeking payment upfront to avoid potential problems resulting from western sanctions against Moscow
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Indian Oil Corporation Buys 7 Million Barrels Of Crude Via Tenders - Report
Indian Oil Corp, the country's top refiner, has purchased a total of 7 million barrels of crude via tenders for May and June loading
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Honda To Spend $64 Billion On R&D As It Revs Up Electric Ambitions
Japan's Honda Motor Co Ltd plans to spend $64 billion on research and development over the next decade, the company said on Tuesday, laying out an ambitious target to roll out 30 electric vehicle models globally by 2030.
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Tata Motors To Manufacture 2 Lakh EVs Annually At Ford's Sanand Plant: Report
The report further states that Tata Motors intends to invest an additional Rs 2,000 crore and wants to achieve this 2 lakh EVs manufacturing milestone by 2026.
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Goldman Sachs, Morgan Stanley To Lead Intel's Mobileye IPO - Report
The stock market flotation could value Mobileye at as much as $50 billion.
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BMW CEO Warns Against Electric-Only Strategy
BMW CEO Oliver Zipse said that there is still a market for combustion engine cars and that manufacturers should not focus solely on EV technology.
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