Auto Industry News

US Tells India That Indian Ship Used To Reroute Russian-Linked Fuel To New York
U.S. has expressed concern to India that it was used earlier this year to export fuel made from Russian crude to New York through high-seas transfers.

Venezuela To Support Reconstruction Of Cuban Port Damaged By Oil Fire
Aug 22, 2022 04:34 PM
Maduro said that Venezuela would support Cuba in the reconstruction of its only supertanker port in Matanzas, which was partially destroyed by a fire after lightning struck one of the its crude tanks.

Amid Energy Crisis, EU Plans To Help Gas-Rich Mozambique Boost Security 
Aug 22, 2022 04:32 PM
The European Union is planning a five-fold increase in financial support to an African military mission in Mozambique, as Islamist attacks threaten gas projects meant to reduce the EU's reliance on Russian energy.

Oil Costs Spur India To Produce Ethanol From Farm Waste
Aug 22, 2022 12:56 AM
India opened its first factory to produce ethanol from rice straw or stubble on Wednesday as part of measures to reduce its reliance on oil imports and meet its net zero carbon goal.

Biden Signs Bill To Boost U.S. Chips, Compete With China
Aug 22, 2022 12:56 AM
President Joe Biden on Tuesday signed a landmark bill to provide $52.7 billion in subsidies for U.S. semiconductor production and research and to boost efforts to make the United States more competitive with China's science and technology efforts.

U.S. House Lawmakers Look To Jump-Start Self-Driving Legislative Push
Aug 22, 2022 12:56 AM
Two members of the U.S. House of Representatives are launching a bipartisan effort to help revive legislative efforts to boost self-driving vehicles.

Baidu Bags China's First Fully Driverless Robotaxi Licenses
Aug 22, 2022 12:56 AM
China search engine giant Baidu Inc said on Monday it has obtained permits to operate fully driverless robotaxi services on open roads from two Chinese cities, the first of their kind in the country.

Analysis-Why The Banks Financing Musk's Twitter Deal Are Unlikely To Be Able To Help Him Walk Away
Aug 22, 2022 12:56 AM
The banks that agreed to finance Elon Musk's $44 billion acquisition of Twitter Inc have a financial incentive to help the world's richest person walk away but would face long legal odds, according to people close to the deal and corporate law experts.

Italy, Intel Close To $5 Billion Deal For Chip Factory - Sources
Aug 29, 2022 10:49 PM
Italy is close to clinching a deal initially worth $5 billion with Intel to build an advanced semiconductor packaging and assembly plant in the country, two sources briefed on discussions told Reuters.

Upcoming Launches
