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car&bike Team

Dec 19, 2022, 11:54 PM

Ducati India To Hike Prices From January 1, 2023

The Italian motorcycle company says price hike is necessitated due to rising input costs though no quantum of hike has been revealed yet.

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  Reuters | Dec 19, 2022

  Oil Up $2/bbl On Supply Risks Amid Ongoing Keystone Outage

  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%.

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  Reuters | Dec 19, 2022

  Oil Tankers Waiting To Pass Through Istanbul Strait Fall To 13: Report

  A 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.

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  Reuters | Dec 19, 2022

  Turkey Oil Tanker Logjam Snarls Russia Oil Sanctions

  A 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
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  Reuters | Dec 19, 2022

  Nikola To Sell Up To 75 Hydrogen-Powered Trucks To Plug Power

  Electric 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.

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  Reuters | Dec 19, 2022

  Indian Luxury Car Dealer Landmark IPO Oversubscribed By Threefold Shares On Offer

  Investors bid for 24.6 million shares by the final day of bidding, 3.1 times the 8 million shares on offer, exchange data showed.

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  Reuters | Dec 19, 2022

  Nikola Founder Seeks New Trial, Says Juror Concealed Bias Against Wealthy

  Milton 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"

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  Reuters | Dec 19, 2022

  Faraday Future Slides On Signaling Need For Funds To Start Production

  The 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.

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  car&bike Team | Dec 19, 2022

  BMW Motorrad India Headed For Record Year In Sales

  Speaking to carandbike, Markus Mueller-Zambre, Head of Region (Asia, China, Pacific & Africa), BMW Motorrad shared that BMW Motorrad India is heading for a record year in sales for 2022, expected to clock sales of around 7,000 units by the end of the calendar year.

  2 mins read