Auto Industry News

Russian Crude Prices Recover On Strong India, China Demand
Spot prices for Russia's key export crude grade ESPO Blend to Asia have rebounded from all-time lows amid strong demand from top buyers India and China and easing concerns about possible sanctions, several traders said.

Mahindra & Mahindra Says Demand For Cars Outstripping Capacity
Aug 7, 2022 07:12 PM
Mahindra and Mahindra Ltd said demand for its cars is outstripping production capacity as people rush to buy the automaker's popular SUVs.

Monsoon Rains Dampen India's July Fuel Demand
Aug 7, 2022 06:58 PM
Gasoline and gasoil sales by Indian state refiners in July fell from a month earlier as monsoon rains restricted mobility and construction work while high inflation curtailed overall demand for goods.

U.S. Stocks Slip, Crude Slides As Soft Data Feed Recession Jitters
Aug 7, 2022 06:48 PM
Wall Street ended a three-day winning streak and crude prices plunged as economic data from the U.S., Europe and China showed demand weakening under inflation pressures, while the looming possibility of recession curbed risk appetite.

VinFast Hiring 8,000 Additional Employees To Boost Production
Aug 7, 2022 06:40 PM
VinFast is looking to hire 8,000 more employees for its electric-vehicle plant in Vietnam as it ramps up production to deliver its first battery-powered SUVs to the United States by the end of this year.

OPEC+ Sees Slightly Smaller Oil Market Surplus This Year - Report
Aug 7, 2022 06:36 PM
OPEC+ sees this year's oil market as slightly less supplied than previously thought.

Bangladesh Announces Fuel Price Jump, Stokes Inflation Fears
Aug 7, 2022 06:27 PM
Bangladesh raised fuel prices by around 50%, a move that will trim the country's subsidy burden but put more pressure on inflation that is already running above 7%.

Indian Oil Corp To Issue Short-Term CP - Report
Aug 7, 2022 06:27 PM
Indian Oil Corporation plans to raise funds selling commercial papers maturing in a more than a month.

Tensions With U.S. Spur Chinese Buying Of Chipmaking Stocks
Aug 6, 2022 04:51 PM
Chinese chipmakers' shares jumped by the most in two years this week as House of Representatives Speaker Nancy Pelosi's visit to Taiwan heightened tensions with the U.S., driving patriotic bets on a sector Beijing sees as key to its rivalry with Washington.

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