Auto Industry
car&bike Team
May 31, 2022, 9:59 PM
The Final Edition is limited to just 999 units and is available in both sedan and estate bodystyles.
1 Min
car&bike Team | May 31, 2022U.S. Oil Settles Below $100 A Barrel On Economic Worries, Strong DollarU.S. crude oil price settled below $100 a barrel on Tuesday to its lowest level in two weeks as the demand outlook was pressured by coronavirus lockdowns in China and growing recession risks, while a strong dollar made crude more expensive for buyers using other currencies.1 min read
car&bike Team | May 31, 2022Sri Lanka's Fuel, Gas Shortages Set To Ease, Central Bank Governor SaysSri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister said supplies had been locked in for at least a month.1 min read
car&bike Team | May 31, 2022Indian Iron Ore And Steel Stocks Slump, Autos Rise After Export Tax HikesShares in Indian steel and iron ore groups including Tata Steel and JSW Steel slid on Monday at the steepest pace since early 2020 after the government imposed heavy export taxes on the sector, while carmakers rose on lower input costs.1 min read
car&bike Team | May 31, 2022Indian Shares Settle Higher On Auto, Tech RallyIndian shares ended higher for a third straight session on Monday, riding on gains in technology stocks and a surge in automaker Mahindra and Mahindra after strong quarterly earnings.1 min read
car&bike Team | May 31, 2022Serbia's Vucic Says Agreed 3-Year Gas Supply Contract With PutinSerbian President Aleksandar Vucic said on Sunday he had agreed a new three-year gas supply contract in a phone call with Russian President Vladimir Putin.1 min read
car&bike Team | May 31, 2022EU's Von Der Leyen Sees Progress In Talks With Hungary on Russian Oil BanEuropean Commission President Ursula von der Leyen said on Monday she had made progress in talks with Hungarian Prime Minister Viktor Orban on a possible EU-wide ban on Russian fossil fuels.1 min read
car&bike Team | May 31, 2022Russian Importers Seek Deals With India's Smaller Firms To Sidestep SanctionsRussian importers are reaching out to small Indian businesses to secure fresh produce, auto parts, medical devices and other key goods that are growing scarce due to international sanctions, people familiar with the matter in both Russia and India said.1 min read
car&bike Team | May 31, 2022Hungary's Orban Says EU Summit Should Not Discuss Oil Sanctions Next WeekThe EU's proposed new sanctions against Russia, including an oil embargo, should not be discussed at next week's summit of the bloc's leaders, Hungarian Prime Minister Viktor Orban said in a letter to the President of the European Council.1 min read
