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Mercedes Set To Invest Billions In e-Vehicles Plants
Mercedes has said it will be ready to go electric by the end of this decade, where market conditions allow.
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Ferrari Reports Cyber Incident With Ransom Demand; No Impact To Operations
Ferrari said it notified its customers of the potential data exposure and the nature of the incident.
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Charging EVs Can Cost $1,800 More Annually On UK Streets Than At Home - Analysis
European and U.S. cities planning to phase out combustion engines over the next decade or so first need to plug a charging gap for tens of millions of residents who park their cars on the street.
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Oil Snaps Declining Streak As Saudi, Russia Meeting Calms Markets
As per reports, both countries remain committed to OPEC+'s decision last October to cut production targets by two million barrels per day until the end of 2023
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Volkswagen Lays Out Details Of Planned Affordable Electric Car
The car with a 450-km range (280 miles), to launch in Europe by 2025, will be the first on Volkswagen's modular electric platform to feature front-wheel drive
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Volkswagen: No Rush To Decide On New European Battery Plants
The carmaker is still targeting 240 gigawatt hours of battery cell production capacity in Europe but could do this with fewer than the originally planned six plants
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Oil Regains Some Ground After Credit Suisse Lifeline
Brent crude futures were up 54 cents, or 0.7%, while West Texas Intermediate crude futures rose 43 cents, or 0.6%.
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Oil Slumps Nearly 5% To Lowest In More Than A Year As Banking Fears Mount
Brent has fallen by more than 10% since Friday's close, while U.S. crude is down more than 14%.
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Silk-FAW Drops Plan To Build Italian Plant For Electric Sports Cars
The facility was part of a wider plan to invest more than a 1 billion euros ($1.1 billion) to build electric cars in Italy under the Hongqi brand.
Read More →Volkswagen To Invest $193 Billion Over 5 Years To Help Meet EV Target
In the latest plan, 15 billion euros is ringfenced for battery plants and raw materials and 2 billion euros will be put toward a plant in North Carolina for its Scout brand.
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Tesla's Next-Generation Smaller Car To Operate Mostly Autonomously-Musk
Elon Musk said that the next generation small car the company is working on would operate mostly in autonomous mode
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Oil Prices Fall 2% In Choppy Trade As Banking Fears Rattle Markets
Brent crude futures settled down $2.01, or 2.4%, while U.S. West Texas Intermediate crude futures (WTI) dropped $1.88, or 2.5%,
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Musk, China's BYD Deny Report On Tesla Ending Battery Supply Cooperation
Both companies denied media reports that said the U.S. company was ending cooperation with BYD on battery supplies.
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Volkswagen Pauses On Europe Battery Plants, Awaits EU Response To IRA
Volkswagen is waiting to hear what Europe's response to the U.S. Inflation Reduction Act before progressing with plans to build new battery plants in Europe
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India Jostles With China For April ESPO Crude From Russia, Prices Jump
For April, Indian refiners Reliance Industries Ltd and Nayara Energy have reportedly snapped up at least five of the about 33 ESPO crude cargoes due to low prices.
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India's February Fuel Demand Hits At Least 24 Year High
Demand was the highest recorded in data compiled by the Indian Oil Ministry's Petroleum Planning and Analysis Cell (PPAC) going back to 1998.
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Czech Republic Calls Meeting To Challenge Car Emissions Laws
Apart from the Czech Republic, those invited to attend the meeting are Finland, France, Germany, Hungary, Italy, Poland, Portugal, Romania, Slovenia, Slovakia and Spain
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India's Tata Technologies, A Unit Of Tata Motors, Files For IPO
Tata Tech, said it will not offer any of the 95.7 million shares, representing around 23.6% of its paid-up share capital, to be sold in the IPO
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Tesla Taps Asian Partners To Address 4680 Battery Concerns
The electric-vehicle maker is recruiting Chinese and Korean materials suppliers to help lower the cost and boost the energy of its newest battery cells
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Ford Set To Resume F-150 Lightning Production Next Week
The automaker had recalled 18 electric trucks due to a battery cell manufacturing defect.
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