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Author Articles
India's IOC Buys First Russian Urals Crude In 2 Years After Prices Slump
Indian Oil Corp, the country's top refiner, has bought Russian Urals crude for the first time in two years, after spot differentials slumped, according to trade sources and Refinitiv data.
India's Refinery Throughput Stays Firm With Strong Recovery In Sight
Initial government estimates show that India's fuel demand is likely to grow 5.5% in the next fiscal year beginning April 1, reflecting a pick-up in industrial activity and mobility in Asia's third largest economy.
Russian Carmaker Avtovaz May Suspend Some Assembly Lines On Monday Due To Components Shortage
Russia's biggest carmaker Avtovaz may suspend some assembly lines at its Togliatti plant in central Russia on Monday for a day due to a persistent global shortage of electronic components.
SEC Probes Elon Musk, Brother Kimbal Over Tesla Share Sales - WSJ
An earlier settlement with the SEC required his public statements about the company's finances and other topics to be vetted by its legal counsel.
Jeep To Launch Two New SUVs In India To Boost Sales
Jeep, which has less than a 1 per centshare of India's car market, said last year it would invest $250 million to launch four SUVs in a country where rivals Hyundai Motor and Kia Motor dominate the segment with more affordable vehicles.
Global Chip Sales Hit Record In 2021, Will Grow 8.8 Per Cent In 2022 -SIA
Sales in 2020 grew 6.8% over the prior year, while 2021 was the first year since 2018 that the number of chips sold exceeded 1 trillion.
EV Start-Ups Hunt For An Edge As Big Automakers Roll Out Vans And Trucks
Spurred on by looming bans on combustion engines in China and Europe, major automakers are striving to bring their commercial electric vehicles (EV) to market fast and ensure they don't get caught out again by another Tesla.
Alphabet's Waymo, CH Robinson To Test Automated Trucks In Texas
The partnership will allow C.H. Robinson to be among the earlier users of Waymo's automated trucking technology when it is ultimately deployed, said Chris OBrien, Chief Commercial Officer of C.H. Robinson.
Nissan Plans EVs For Mississippi, Scouts For A U.S. Battery Plant
Nissan said it plans to assemble electric vehicles for its Nissan and Infiniti brands in Mississippi starting in 2025.
Salvage Team Boards Burnt Ship With VW Group Luxury Cars Off Azores, Towing Begins
In a statement, ship manager Mitsui O.S.K. Lines Ltd (MOL) said the Felicity Ace remained stable, and the smoke that for days billowed from the vessel, adrift around 170 km southwest of the Azores, had stopped.
Rivian 'Making Progress' On Production Ramp-Up, Sets Market Share Goal
Scaringe said Rivian, whose shares closed up 10.7% at $63.71, idled the plant for the first 10 days of January to make changes on the production lines in a move to boost output.
U.S. Governors Urge Swift Action On $52 Billion Chip Funding Bill
A persistent industry-wide shortage of chips has disrupted production in the automotive and electronics industries, in particular, forcing some firms to scale back production.
Taiwan's UMC To Spend $5 Billion On New Chip Plant In Singapore
UMC, which has already been producing semiconductors in the country for more than 20 years, said the new factory would produce 22 and 28 nanometre chips.
Tesla To Expand Parts Production In Shanghai To Meet Export Demand -Document
The automaker will add production workshops, increase the number of workers and lengthen the time equipment is operational the document.
F1: Russian Grand Prix Cancelled Amidst Ukraine Invasion
The Russian Formula 1 Grand Prix has been canceled in light of the invasion of Ukraine by Russia.
US Securities Agency Probes Elon Musk, Brother Kimbal Over Tesla Share Sales: Report
According to the report, the investigation began last year after Kimbal sold shares of the electric carmaker valued at $108 million, a day before Musk polled Twitter users asking whether he should offload 10% of his stake in Tesla.
ACMA Organizes First Edition of India-Bangladesh Auto Components Show 2022
India-Bangladesh Auto Components Show 2022 witnessed participation from over twenty ACMA members.
Russian Carmaker Avtovaz May Suspend Some Assembly Lines On Monday Due To Components Shortage
Avtovaz, controlled by French carmaker Renault, plans to resume its Togliatti operations in full on Tuesday, March 1, it said.
Tata In Talks With Aircraft Makers Over Order For Air India
Air India has a mixed fleet of over 140 Airbus and Boeing planes, and industry executives estimate it would cost Tata more than $1 billion to refurbish the aging aircraft.
Polestar Partners With Suppliers To Develop Climate-Neutral Car
Polestar said it has signed letters of intent to work with Norwegian aluminium maker Norsk Hydro, Swedish airbag and seatbelt maker Autoliv, LG Corp lighting and electronics unit ZKW Group, ZF and SSAB to eliminate carbon emissions in different areas of its electric vehicles (EVs).
