Auto Industry News

Miners Face Supply Chain Overhaul To Meet U.S. EV Credit Deadline
Miners will struggle to expand operations in the United States in record time to meet a deadline for sourcing key minerals domestically or from select countries as set out by a bill likely to be passed.

Cuban Oil Fire All But Out, Blackouts And Gas Lines Lengthen
Aug 12, 2022 04:21 PM
Cubans have been left to endure six- to 18-hour blackouts, and search for ever-scarcer gasoline in the wake of a spectacular blaze that destroyed 40% of Cuba’s main fuel depot and shuttered its only supertanker port.

India Shares Down As Tech, Autos Drag; Inflation Data Eyed
Aug 12, 2022 04:00 PM
Indian shares edged lower in early trade, as technology and automobile stocks declined amid weakness in other Asian markets, while investors awaited domestic inflation data.

EU Says U.S. Plan For EV Tax Breaks Discriminatory, May Breach WTO Rules
Aug 12, 2022 02:02 AM
The European Union said it was "deeply concerned" about proposed tax credits for purchases of electric vehicles in the United States because they would be biased against foreign producers and may breach World Trade Organization (WTO) rules.

Oil Rises On Renewed Gasoline Demand, Weak Dollar
Aug 12, 2022 02:02 AM
Oil prices rose, rebounding from losses early in the session, helped by encouraging figures on U.S. gasoline demand and as lower-than-expected U.S. inflation data drove investors into riskier assets.

Oil Rises As IEA Hikes 2022 Demand Growth Forecast
Aug 12, 2022 02:01 AM
Oil prices rose by over 1% after the International Energy Agency raised its oil demand growth forecast for this year as soaring gas prices drive some consumers to switch to oil.

Hope For Smaller Rate Rises To Lift Wall Street, Oil Gains
Aug 12, 2022 02:01 AM
Wall Street headed for another day of gains as investors banked on peaking inflation persuading central banks to dial back on their anticipated interest rate hikes in September.

Honda Confirms New 125cc Scooter Coming in FY2024
Aug 12, 2022 01:19 AM
At a roundtable at the recent CB300F launch, the company said it would bring a new 125cc scooter to the market next financial year.

Planning To Buy A Used Tata Safari Storme? Here Are Things You Need To Consider
Aug 11, 2022 11:21 PM
Planning to buy a used old Tata Safari Storme? Well, before you start looking for one, here are some pros and cons you need to consider.

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