U.S. officials and G7 countries have been in intense negotiations in recent weeks over the unprecedented plan to put a price cap on sea-borne oil shipments, which is scheduled to take effect on Dec. 5 - to ensure EU and U.S. sanctions aimed at limiting Moscow's ability to fund its invasion of Ukraine do not throttle the global oil market.
Toyota posted a worse-than-expected 25% drop in quarterly profit and cut its annual output target, as the Japanese firm battles surging material costs and a persistent semiconductor shortage
With cities reopening and travel booming, consumers are shifting their budgets to services, Chief Executive Dara Khosrowshahi said, compared to the two years of COVID-led lockdowns when they had limited spending to basic needs.
Zeekr joins a growing list of Chinese automakers looking to launch or expand sales of electric vehicles in Europe next year, including BYD, Xpeng and Great Wall Motors.
Verkor, which is based in Grenoble, said investors in the funding round included French bank Societe Generale, German industrial company Siemens and the European Investment Bank, which put in 49 million euros.
Velodyne and Ouster compete in precision sensors that enable self-driving vehicles to see the world around them. Both companies have been hit hard as timetables for large-scale autonomous vehicle deployment have stretched out.
The partnership with Google will also help Renault accelerate its "end-to-end digital transformation, from the design of the car to its market launch through its production," Renault Chief Executive Luca de Meo said in a statement.
The Kalyani M4 is categorised as a Quick Reaction Fighting Vehicle (Heavy) and has been indigenously manufactured to carry an Infantry Platoon (up to 10 soldiers) in full combat gear.
The Delhi government has asked all fuel stations to sell petrol diesel and CNG to only those who have a valid Pollution Under Control (PUC) certificate from October 25, 2022.
Tata Motors has sold about 2,200 units of the Nexon EV and what's even more impressive is that the Tata Nexon EV had clocked 1000 units' sales milestone in August this year and the next 1000 units were sold in just three months.
It is also quite shocking that auto manufacturers havent caught up to the basics of wireless communication which have been standard issue for half a decade.
South Korea's Hyundai Motor Group said on Wednesday it will introduce an electric vehicle-only platform early next year that will use its own battery technology to cut production time and costs.
Mercedes-Benz has teased the EQE and though it doesn't deviate much in terms of styling elements, the silhouette is reminiscent of the EQS with the coupe like tapering roofline.
Under the agreement, the two parties will develop a hydrogen fuel cell package dedicated to mobile power generators and alternative maritime power (AMP) supply solutions.
Between January and June 2021, the company achieved sales revenues of 16.53 billion euros, along with an operating result of 2.79 billion euros, while the return on sales was 16.9 per cent.
Indian Oil Corp Ltd (IOC), the country's top refiner, on Friday reported a three-fold rise in net profit in the June quarter, helped by higher gross refining margins as prices of oil products surged.
Tata Motors will increase the prices of its passenger vehicles from next week. The company aims to offset the steep rise in procurement costs of essential materials like steel and precious metals.
Dana, drivetrain and e-propulsion systems maker will make a minority investment of $18 million in Switch Mobility and will also be a preferred supplier of electric drivetrain components.
Even with coronavirus cases rising in the United States, all around Asia and parts of Europe, analysts said higher vaccination rates would limit the need for the harsh lockdowns that gutted demand during the peak of the pandemic last year.
