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Reuters
Dec 31, 2022, 11:56 AM
The Turkish measures, which came into effect on Dec. 1, requires vessels to provide proof of insurance for the duration of transit through the Bosphorus or when calling at Turkish ports.
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Reuters | Dec 31, 2022Ecuador's State Oil Firm Says Weather Power Outage Hits Hundreds Of WellsIn a statement, Petroecuador did not estimate the impact of Sunday's incident on its production levels, but said it was working to normalize output in the coming days after the resulting power outage affected 728 of its wells.1 min read
Reuters | Dec 31, 2022Oil Up $2/bbl On Supply Risks Amid Ongoing Keystone OutageBrent crude futures settled at $77.99 a barrel, gaining $1.89 or 2.5%. U.S. West Texas Intermediate crude settled at $73.17 a barrel, rising $2.15, or 3%.3 mins read
Reuters | Dec 31, 2022Oil Tankers Waiting To Pass Through Istanbul Strait Fall To 13: ReportA Turkish measure in force since the start of the month has caused shipping delays. It requires vessels to provide proof of insurance covering the duration of their transit through the Bosphorus Strait or when calling at Turkish ports.1 min read
Reuters | Dec 31, 2022Turkey Oil Tanker Logjam Snarls Russia Oil SanctionsA total of 28 oil tankers are in a queue seeking to leave the Bosporus and Dardanelles straits, the Tribeca shipping agency said.3 mins read
Reuters | Dec 31, 2022Nikola To Sell Up To 75 Hydrogen-Powered Trucks To Plug PowerElectric vehicle (EV) makers are looking to capitalize on tax incentives provided by the U.S. Inflation Reduction Act (IRA) to lower costs of adopting EVs for commercial purposes.1 min read
Reuters | Dec 31, 2022Indian Luxury Car Dealer Landmark IPO Oversubscribed By Threefold Shares On OfferInvestors bid for 24.6 million shares by the final day of bidding, 3.1 times the 8 million shares on offer, exchange data showed.2 mins read
Reuters | Dec 31, 2022Nikola Founder Seeks New Trial, Says Juror Concealed Bias Against WealthyMilton told U.S. District Judge Edgardo Ramos in court papers that the juror's Twitter and Facebook pages were "riddled with attacks on wealthy executives"2 mins read
Reuters | Dec 31, 2022Faraday Future Slides On Signaling Need For Funds To Start ProductionThe company is one of the many EV startups struggling to launch its products as a bleak global growth outlook and a funding squeeze dented production schedules and compounded losses.1 min read
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Car News
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Electric Mobility
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Auto Industry
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Shubham Parashar | Jul 1, 2021CredR Bags Rs. 48.1 Crore Funding From Yamaha Motors And Other InvestorsBangalore-based Incredible Technologies Private Limited (CredR), has raised Rs. 48.1 crore in its latest round led by Yamaha Motors, and existing investors Omidyar Network India and Eight Roads Ventures, with participation from automotive focused Astarc Ventures.1 min read
Charanpreet Singh | Jul 1, 202120% Of Mercedes-Benz India's Sales Come From Online Platform: Santosh IyerMercedes-Benz's digital platform, which was launched last year in April, has shown a decent contribution towards its over sales in India. The carmaker has confirmed that 20 per cent of its sales come from the 'Merc From Home' platform.1 min read
Seshan Vijayraghvan | Jun 30, 2021Lexus India Launches 'Lexus Life' Ownership Programme; Enters Used Car Business With 'Lexus Pre-Owned'Lexus India today announced the launch of 'Lexus Life', a special ownership program for its buyers in the country.1 min read
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Seshan Vijayraghvan | Jun 30, 2021Logistics Company Cogos To Add 2500 EVs To Its Fleet Over Next 24 MonthsBengaluru-based logistics platform, Cogos, has announced that it will be adding 2500 electric vehicles (EV) to its delivery fleet across Bangalore, Hyderabad, Delhi and Gujarat, and later in Maharashtra and Tamil Nadu.1 min read
car&bike Team | Jun 30, 2021Tata Motors Bags Order For 15 Hydrogen Fuel Cell Powered Buses From IOCLIn addition to supplying the buses to the Research & Development Centre of IOCL, Tata Motors will also collaborate with them to undertake R&D projects and collectively study further the potential of Fuel Cell technology for commercial vehicles.1 min read
car&bike Team | Jun 30, 2021Chinese EV Maker Xpeng To Raise $1.8 Billion In Hong Kong Listing: ReportChinese electric vehicle maker Xpeng Inc will raise $1.8 billion by pricing its shares at HK$165 ($21.25) each as part of its Hong Kong dual primary listing, two people with direct knowledge of the matter said.1 min read
Seshan Vijayraghvan | Jun 30, 2021Skoda Sells More Rapid TSI Now Than Older Petrol & Diesel Models Combined: Zac HollisReiterating the company's confidence in going petrol-only with the TSI engines, Skoda Auto India's Brand Directed, Zac Hollis told carandbike that the company sells more units of the TSI version of the Rapid compared to the older petrol and diesel models combined.1 min read