Auto Industry

Reuters

Nov 30, 2022, 10:13 PM

Indonesia Hikes Fuel Prices To Rein In Ballooning Subsidies

Indonesia raised subsidised fuel prices by about 30%, as the government moves to rein in ballooning subsidies despite a risk of mass protests.

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  Reuters | Nov 30, 2022

  Shenzhen Shuts Most Public Transport As China Battles Multiple Outbreaks

  The main districts of Chinese tech hub Shenzhen shut down public transport and extended curbs on public activities as cities across China battled COVID-19 outbreaks that have dampened the outlook for economic recovery.

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  Reuters | Nov 30, 2022

  India's BPCL Plans To load Sokol Cargo In Sept - Sources

  Indian state-refiner Bharat Petroleum Corp is re-attempting to charter a ship to load 700,000 barrels of Russia's Sokol crude oil this month, sources familiar with the deal said.

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  Reuters | Nov 30, 2022

  U.S. Commerce Aims To Seek Chips Funding Proposals By February

  The U.S. Commerce Department said it hopes by February to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new facilities and expand existing U.S. production.

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  Reuters | Nov 30, 2022

  India Says Importing Russian Oil Part Of Inflation Management

  India's finance minister said that importing Russian oil was part of the country's inflation-management strategy and that other countries were doing something similar.

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  Reuters | Nov 30, 2022

  Stellantis, GME Resources Seal Nickel And Cobalt Deal For Battery Production

  The deal marks a further move by the world's fourth largest carmaker to lock down supplies of metals needed for batteries that power EV cars, ahead of an expected surge in global demand as a transition towards cleaner mobility gains traction.

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  Reuters | Nov 30, 2022

  Many U.S. Drivers Treat Partially Automated Cars As Self-Driving- Study

  The IIHS study of 600 active users found 53% of Super Cruise, 42% of Autopilot and 12% of ProPILOT Assist owners "said that they were comfortable treating their vehicles as fully self-driving."

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  Reuters | Nov 30, 2022

  India's Zoomcar Seeks U.S. Listing Through $456 Million SPAC Deal

  The Bengaluru-based startup expects to list on the Nasdaq as Zoomcar Holdings Inc after being acquired by Innovative International Acquisition Corp in the first half of 2023.

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  Reuters | Nov 30, 2022

  EU, U.S. Eye Level Playing Field For EU Electric Cars In U.S. Market

  The EU says that while it allows government tax breaks or subsidies for purchases of U.S. electric cars such as those made by Tesla, the United States makes such support conditional on the car, or parts of it, being made in the United States.

  2 mins read