Auto Industry News
California Regulator Sees 2035 EV Mandate As 'Sweet Spot'
California's choice of 2035 as the deadline to end gasoline-only new car sales was the "sweet spot", the head of the state's clean air regulator said.
Sports Car Maker Lotus's Tech Arm Valued At $4.5 Billion In Fundraising
Dec 1, 2022 05:26 AM
Lotus Technology had completed a fundraising that valued the business at nearly $4.5 billion.
Automakers Tackle Patent Hurdle In Quest For In-Car Tech
Dec 1, 2022 05:26 AM
Over a dozen automakers have signed up with a platform for patent licences from 51 tech companies, aiming to simplify access to wireless technology and avoid costly legal battles.
India Road Ministry Issues Draft Rules For Mandatory Rear Seat Belt Alarms
Dec 1, 2022 05:26 AM
India's road transport ministry has issued draft rules to make it mandatory for car makers to install alarm system for rear seat belts.
Chipmaker Nvidia Launches New System For Autonomous Driving
Dec 1, 2022 05:26 AM
Nvidia unveiled its new computing platform called DRIVE Thor that would centralize autonomous and assisted driving as well as other digital functions including in-car entertainment.
Oil Plunges To Eight-Month Low On Strong Dollar, Recession Fears
Dec 1, 2022 05:25 AM
Oil prices plunged about 5% to an eight-month low as the U.S. dollar hit its strongest level in more than two decades.
Indian Oil Plans Panipat Refinery Maintenance, To Revamp Naphtha Cracker - Report
Dec 1, 2022 05:25 AM
Indian Oil Corp plans a shutdown of a naphtha hydrocracker for about 80 days and half of its crude processing for about a month.
India Set To Skip Buying Russia's ESPO Crude In Sept As Freight Costs Jump
Dec 1, 2022 05:24 AM
Indian refiners are set to skip purchases of Russia ESPO crude oil this month due to higher freight rates.
Chipmaker Qualcomm Says Automotive Future Business Expands To $30 Billion
Dec 1, 2022 05:24 AM
Qualcomm said the automotive market size it is targeting could grow to as large as $100 billion by 2030.
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