Auto Industry

Reuters

Aug 30, 2022, 5:21 AM

Indonesia To Shift $1.6 Billion Portion Of Fuel Subsidy Budget To Welfare Programmes

Indonesia will reallocate 24.17 trillion rupiah ($1.62 billion), or nearly 5%, of its fuel subsidy budget to social spending, including cash handouts to 20.65 million households, its finance minister said.

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  Reuters | Aug 30, 2022

  In Poland, Where Coal Is King, Homeowners Queue For Days To Buy Fuel

  In Poland's late summer heat, dozens of cars and trucks line up at the Lubelski Wegiel Bogdanka coal mine, as householders fearful of winter shortages wait for days and nights to stock up on heating fuel in queues reminiscent of communist times.

  3 mins read
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  Reuters | Aug 30, 2022

  India's Reliance Unveils $9.4 Billion Plan To Boost Oil To Chemicals

  Reliance Industries Ltd, operator of the world's biggest refining complex, will invest 750 billion rupees ($9.38 billion) over 5 years to expand its oil to chemical business, its chairman Mukesh D Ambani said.

  2 mins read
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  Jaiveer Mehra | Aug 30, 2022

  2022 Ducati Panigale V4, V4 S, V4 SP2 Launched In India; Prices Start At Rs 26.49 Lakh

  The 2022 Panigale range gets a number of updates over the 2021 bike including changes to the engine and a new gearbox.

  2 mins read
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  Reuters | Aug 29, 2022

  Factbox-Automakers Accelerate Drive To Secure Battery Raw Materials

  Rising demand for EV around the world is encouraging automakers such as Tesla, Volkswagen and Stellantis NV to step up efforts to secure raw materials needed for making batteries.

  4 mins read
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  Reuters | Aug 29, 2022

  China's CATL To Develop New Battery Materials To Improve Energy Density - Report

  CATL is working on new battery materials that can improve energy density by 10% to 20% compared to iron phosphate batteries.

  1 min read
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  Reuters | Aug 29, 2022

  Ford Cuts 3,000 Jobs As It Pivots To EVs, Software

  Ford will cut a total of 3,000 jobs, mostly in North America and India, as it restructures to catch up with Tesla.

  2 mins read
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  Reuters | Aug 29, 2022

  Xiaomi In Talks With BAIC To Produce Electric Cars - Report

  Xiaomi is eyeing an electric vehicle (EV) production tie-up with Beijing Automotive Group Co (BAIC).

  2 mins read
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  Reuters | Aug 29, 2022

  Oil Prices Rise On Signals OPEC Might Cut Output

  Oil prices ended higher, boosted by signals that OPEC could cut output.

  2 mins read