Auto Industry
Reuters
Sep 30, 2022, 6:17 PM
The California Air Resources Board (CARB) adopted its rules after Governor Gavin Newsom issued a 2020 executive order directing the move. CARB said the rules will reduce smog-causing pollution from light-duty vehicles by 25% by 2037 and result in 9.5 million fewer conventional vehicles sold by 2035.
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Jaiveer Mehra | Sep 30, 2022Citroen Oli EV Concept Previews Firm’s Commitment To Sustainable Electric MobilityThe quirky all-electric Citroen Oli concept extensively uses recycled materials to save on weight and maintain the brand’s commitment to affordability and sustainability.3 mins read
Reuters | Sep 30, 2022Japan To Give Micron Tech Up To $320 Million To Boost Hiroshima Chip OutputThe financial aid announcement, which follows the visit to Japan by U.S. Vice President Kamala Harris, is the latest example of growing cooperation between Washington and Tokyo in chip manufacturing amid increasing tension and an intensifying technology rivalry with China.2 mins read
Reuters | Sep 30, 2022U.S. Imposes New Sanctions On Iran Oil Exports, Targets Chinese FirmsThe United States imposed sanctions on companies it accused of involvement in Iran's petrochemical and petroleum trade, including five based in China, pressuring Tehran as it seeks to revive the 2015 Iran nuclear deal.3 mins read
Reuters | Sep 30, 2022Argentine Oil Workers Strike After Refinery Explosion Kills ThreeArgentina's largest oil union said it launched an indefinite strike after an explosion at a refinery in the western province of Neuquen killed three.1 min read
Reuters | Sep 30, 2022India's Reliance Unit To Buy 20% Stake In Caelux In Renewable Energy PushIndian oil-to-chemicals conglomerate Reliance Industries Ltd said its unit Reliance New Energy Ltd would buy a 20% stake for $12 million in solar technology developer Caelux Corp to produce more powerful and lower cost solar modules.1 min read
Reuters | Sep 30, 2022Oil India Sees 'Healthy' Profit In September Gtr Despite Windfall TaxOil India Ltd is expecting a "healthy profit" for the quarter ending Sept. 30 despite a levy of windfall tax on crude sales, Harish Madhav, head of finance at India's state-run oil producer, said.1 min read
Reuters | Sep 30, 2022Oil Prices Slide $2/bbl; Settle At 9-Month Lows On Dollar StrengthOil prices fell $2 a barrel, settling at nine-month lows in choppy trade, pressured by a strengthening dollar as market participants awaited details on new sanctions on Russia.2 mins read- Reuters | Sep 30, 2022Colombia Gov't Agrees To Ease Tax Changes To Oil, MiningColombia's government agreed to modify a tax reform proposal under debate in congress and continue to allow oil and mining companies to deduct royalty payments from their taxes in the wake of a wave of industry criticism.1 min read
