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Indian Oil Corporation To Fuel Expansion With Green Power
IOC also plans to build a green hydrogen plant at its 160,000 bpd Mathura refinery in northern Uttar Pradesh state.
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Oil Prices Steady As Market Undersupplied But Virus Clouds Demand
Coronavirus cases continued to rise over the weekend with some countries reporting record daily increases and extending lockdown measures that could slow oil demand.
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Tata Motors Sees Demand Recovering, Warns Of Short Term Impact Of Chip Shortage
Tata Motors reiterated that it expected the chip supply crunch in the second quarter to be greater than in the first, likely resulting in wholesale volumes at JLR to be about 50% lower than planned.
Read More →JLR Parent Sees Demand Recovering, Warns Of Short Term Impact Of Chip Shortage
Tata says demand remains strong for Jaguar Land Rover (JLR) and India passenger vehicles, with commercial vehicles seeing a gradual improvement.
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Mercedes-Benz Hits Accelerator In E-car Race With Tesla
Daimler said that as of 2025, it expects electric and hybrid electric cars will make up 50% of sales - with all-electric cars expected to account for most of that - earlier than its previous forecast that this would happen by 2030.
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EV Startup Rivian Announces $2.5 Billion Funding Round Led By Amazon, Ford
The announcement came the day after the California-based company said it was exploring building a second U.S. assembly plant.
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GM To Add Automatic Lane-Change, Other Features To Driver Assistance Tech
The features - to be available in vehicles like the Cadillac Escalade and the Chevrolet Silverado - will also include trailering for trucks and SUVs, and an enhanced navigation display.
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Volkswagen China Sees Chips Crunch Easing In Q3
Woellenstein said he was still confident the company will record a rise in sales volume in China, both for the VW brand and the group, this year as long as the chip shortage does not worsen.
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Hyundai Motor Q2 Net Profit Soars, Expects Chip Shortage To Ease
Hyundai reported net profit of 1.8 trillion won ($1.57 billion) for April-June versus 227 billion won in the same period a year earlier.
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Eyeing IPO, Volvo Cars To Take Full Control Of Its Chinese Business
Volvo Cars said the transactions, which are subject to regulatory approval, would be carried out in two steps, starting in 2022 and seen formally completed in 2023.
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India Overhauls Petroleum Reserve Policy To Boost Private Interest: Report
India, the world's third-biggest oil importer and consumer, imports over 80 per cent of its oil needs and has built strategic storage at three locations in southern India to store up to 5 million tonnes of oil to protect against supply disruption.
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Argo AI, Ford And Lyft To Launch Self-Driving Ride-Hail Service In Miami And Austin
The service is expected to launch in Miami later this year and in Austin next year with a safety driver inside the Ford Escape hybrid vehicles.
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India Seeks Lower Oil Prices As High Pump Prices Bite
Last year, India raised taxes on sales of gasoil and gasoline, instead of passing on the benefits of lower oil prices to consumers, to boost revenue to fund welfare schemes
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India Seeks Lower Oil Prices As High Pump Prices Bite
Oil prices in the global market this month hit their highest level in more than two years as the global economy recovers from the COVID-19 pandemic. However, prices fell on Monday after OPEC and other key producing countries agreed on Sunday to increase oil supply from August to cool prices.
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Suzuki To Enter Electric Vehicle Market By 2025, Starting With India: Report
The automaker plans an all-electric compact model to be made available for around 1.5 million yen ($13,626) after government subsidies are taken into account.
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Amazon-Backed Rivian To Delay First EV Deliveries Until September
Rivian, seen as a potential Tesla Inc rival, said the timing for the first deliveries of its R1T pickup initially slated for July has now been pushed to September, while that of R1S SUVs have been delayed until the fall.
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Shanghai City To Regulate Data From Smart Vehicle Testing
The data generated in testing and demonstration activities are also not allowed to be transmitted overseas unless approved by relevant authorities, it said, adding the draft laws are open for public consultation.
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Uber Reaches Agreement In California Sexual Assault Data Request
The dispute stems from a safety report Uber released in December 2019, disclosing 6,000 reports of sexual assault-related to 2.3 billion trips in the United States in 2017 and 2018.
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US Manufacturing Output Dips As Chip Shortage Weighs On Motor Vehicles
Manufacturing output dipped 0.1 per cent last month after accelerating 0.9 per cent in May, the Federal Reserve said.
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Taiwan's Foxconn Discussing Electric Vehicle Plant In Wisconsin
Foxconn and electric car manufacturer Fisker Inc said in May that they had finalised a vehicle-assembly deal. They did not identify a location, but Fisker's CEO said Foxconn's Wisconsin site was a possibility.
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