Auto Industry
Reuters
Oct 29, 2022, 10:18 AM
BMW said it was making a new $1 billion investment in its Spartanburg, South Carolina plant to prepare for EV production and will spend $700 million on a new high-voltage battery assembly facility in nearby Woodruff, South Carolina, and create at least 300 jobs.
2 Min
Reuters | Oct 29, 2022Hyundai Breaks Ground On $5.5 Billion U.S. EV, Battery PlantHyundai broke ground on a $5.54 billion electric vehicle (EV) and battery plant in the United States, as South Korea's biggest automaker grapples with an uncertain outlook for its EV sales in its top market.2 mins read
Reuters | Oct 29, 2022India Pushes Oil Refiners To Diversify After Surprise OPEC+ CutsAs the world's third largest consumer and importer of oil, India buys about 85 per cent of its needs from overseas, while its energy demands are set to rise to power its economic expansion.2 mins read
Reuters | Oct 29, 2022CGT Union Shuns TotalEnergies Talks As French Petrol Crisis Drags OnDespite the government requisitioning key refinery staff to get petrol flowing again, nearly a third of gas stations still have supply problems.3 mins read
Reuters | Oct 29, 2022Creditors Say Chad Does Not Need Debt Relief Now Given Oil Price SurgeTogether with Ethiopia and Zambia, Chad was one of three initial countries to seek a debt restructuring under a G20 initiative, but progress has been glacial.2 mins read
Reuters | Oct 29, 2022Ecuador Private Oil Pipeline Reports Spill Following VandalismThe incident, which occurred on Thursday in an area known as Piedra Fina in Ecuador's Napo province, has not affected operations of the Heavy Crude Pipeline (OCP in its Spanish initials), company OCP Ecuador said in a statement.1 min read
Reuters | Oct 29, 2022CGT Union Votes To Continue Strike At TotalEnergies' French RefineriesDespite the government requisitioning key refinery staff to get petrol flowing again, nearly a third of gas stations still have supply problems.1 min read
Reuters | Oct 29, 2022Oil Steady As Recession Woes Counter Positive Chinese SignalsChina's central bank rolled over maturing medium-term policy loans on Monday while keeping its key interest rate unchanged for a second month, in a signal that loose monetary policy would be maintained.2 mins read- Reuters | Oct 29, 2022Fire At Indian Oil's Haldia Refinery Injures Three -Local MediaIn December last year, a fire killed three people and injured 44 during maintenance-related work at the refinery.0 mins read
