Auto Industry News

Utah-based VIA Motors is eligible for potential earnout consideration of up to $180 million, that would be paid in Ideanomics' stock, according to the statement.

The European Union last month proposed an effective ban on the sale of new petrol and diesel cars from 2035 as part of its measures to combat global warming, posing a challenge to automakers that have made powerful engines a key selling point.

Kia Motors and its workers' Union reached a tentative wage deal early this week without staging a strike amid the ongoing COVID-19 pandemic.

For the week, global benchmark Brent shed more than 6%, its largest week of losses in four months, and U.S. West Texas Intermediate (WTI) tumbled nearly 7% in its biggest weekly decline in nine months.

For the first seven months of the year, China's vehicle sales have jumped 19% as the market recovered from pandemic lows.

The Nexon EV was handed over to MCGM by the Cabinet Minister of Tourism and Environment for the Government of Maharashtra - Aditya Thackeray, in the presence Iqbal Singh Chahal - Commissioner, MCGM, Sanjay Bansode - Cabinet Minister, Government of India among others.

"Growth for the second half of 2021 has been downgraded more sharply, as new COVID-19 restrictions imposed in several major oil consuming countries, particularly in Asia, look set to reduce mobility and oil use," the Paris-based IEA said.

According to an official notification issued by MoRTH, a vehicle bearing this registration mark will not require a new registration mark when the owner of the vehicle shifts from one state to another.