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Reuters
Dec 31, 2022, 11:56 AM
Brent 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 Min
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
Reuters | Dec 31, 2022Self-Driving Trucking Firm TuSimple Appoints CFO, Reconstitutes Audit PanelThe company reappointed former chief executive Cheng Lu as its top boss last month after it fired his predecessor Xiaodi Hou following a probe.1 min read
Reuters | Dec 31, 2022Tesla Plans To Announce Mexico EV Plant Soon - ReportThe plant will be located in Santa Catarina in Monterrey city, the capital of Nuevo Leon state in Mexico a report said.1 min read
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Car News
Jafar Rizvi | Jun 2, 2023Jaguar Land Rover Introduces Its Refreshed Corporate IdentityThe new identity embraces its move to the House of Brands organisation.1 min read
car&bike Team | Jun 2, 2023Porsche Spruces Up Iconic Crest As Part Of Its 75th Anniversary CelebrationsThe newer logo retains the original layout while giving it a more contemporary appearance2 mins read
Seshan Vijayraghvan | Jun 1, 2023Auto Sales May 2023: Hyundai Reports 16% Overall Growth At 59,601 UnitsIn May 2023, Hyundai's domestic sales touched 48,601 units, a year-on-year growth of nearly 15 per cent compared to 42,293 vehicles sold during the same period in 2022.1 min read
Sidharth Nambiar | Jun 1, 2023Volvo C40 Recharge To Make India Debut On June 14; Has Range Of Up To 450 KmExpect the car to be priced at a premium over the XC40 Recharge, which currently retails at Rs 56.9 lakh.2 mins read
Jafar Rizvi | Jun 1, 2023Auto Sales May 2023: Tata Motors Registered Cumulative Sales Of 74,973 UnitTata Motors' subsidiaries, Tata Motors Passenger Vehicles Limited and Tata Passenger Electric Mobility Limited contributed to these sales figures.1 min read
Electric Mobility
car&bike Team | Oct 23, 2020Tesla Being Courted To Invest By Multiple States In IndiaMany Indian states are now courting Tesla as it prepares to scale factories and production beyond China, Europe and the US.1 min read
Reuters | Oct 23, 2020Auto Start-ups Chasing Tesla Race Past Red Flags To Go PublicLining up on the success of Tesla, the new EV-related start-ups want to go public but few have products ready to sell or any likelihood of generating significant revenue anytime soon.1 min read
Seshan Vijayraghvan | Oct 22, 2020Piaggio Launches The Ape E-City Electric Auto In Thiruvananthapuram And KozhikodePiaggio India has launched its all-electric three-wheeler, the Ape E-City, in Thiruvananthapuram and Kozhikode, in Kerala.1 min read
car&bike Team | Oct 22, 2020Tesla CyberTruck To Get "Lots Of Improvements" Says MuskTesla has been making many improvements to the original design since the CyberTruck broke cover last November1 min read
car&bike Team | Oct 22, 2020LG Chem Working On Triple Cylindrical Cell BatteriesIt is considered to be something of a necessity for competitiveness in terms of range.1 min read
Auto Industry
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
Shubham Parashar | Jun 29, 2021Hyundai Motor India Achieves 10 Million Production MilestoneThe Hyundai Alcazar is the 10 millionth car to roll out of the production line at HMIL's plant in presence of M K Stalin- Chief Minister of Tamil Nadu who also signed on the car's hood to mark the occasion.2 mins read
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
Seshan Vijayraghvan | Jun 30, 2021ZF Plans To Invest Nearly Rs. 1800 Crore In India Over The Next Few YearsGerman driveline and chassis maker, ZF, has announced its plan to invest around 200 million Euros, which is nearly Rs. 1800 crore, in its India business, over the next few years.1 min read