Auto Industry

car&bike Team

May 29, 2022, 9:12 PM

Oil Tumbles About 6% As China COVID Lockdowns Weigh

Crude imports by China in the first four months of 2022 fell 4.8% from a year ago, but April imports were up nearly 7%.

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  car&bike Team | May 29, 2022

  U.N. Official Still Hopes Musk Will 'Step Up' To Fight World Hunger

  David Beasley, the U.N. World Food Programme official who clashed with Elon Musk on Twitter last year, said he hadn't given up on the Tesla billionaire contributing to the fight against world hunger.

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  car&bike Team | May 29, 2022

  Thousands Queue For Petrol, Gas In Sri Lanka Amid Warnings Of Food Shortages

  Lines formed in many parts of Colombo, a city of around 900,000 people, as residents tried to stock up on fuel, which is mostly imported and is in extremely short supply

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  car&bike Team | May 29, 2022

  Tesla Cut From S&P 500 ESG Index, And Elon Musk Tweets His Fury

  An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc from the widely followed S&P 500 ESG Index because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles

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  car&bike Team | May 29, 2022

  Oil Edges Higher On Tight Supply, Rising U.S. Refining Activity

  Brent crude futures for July settled up 47 cents to $114.03 a barrel, while U.S. West Texas Intermediate (WTI) crude for July delivery ended up 56 cents to $110.33 a barrel.

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  car&bike Team | May 29, 2022

  France Sanguine Differences Over EU Ban On Russian Oil Will Be Resolved

  France's new foreign minister said she was optimistic that those still opposed to a new European Union sanctions package that would phase out Russian oil imports to the bloc could be convinced and that the bloc would reach a deal.

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  car&bike Team | May 29, 2022

  Tata Motors Gets Nod From Gujarat Government To Takeover Ford's Sanand Plant - Report

  Tata Motors Plans to manufacture 2 lakh EVs annually at the Sanand plant by the year 2026.

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  car&bike Team | May 29, 2022

  Oil Steadies After Choppy Trade, U.S. Says Export Ban Not Ruled Out

  Oil prices steadied on Tuesday after choppy trade as tight supply worries offset concerns over a possible recession and China's COVID-19 curbs.

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  car&bike Team | May 29, 2022

  Hungary Says Its Backing Of EU's Russia Oil Ban Hinges On Hundreds Of Millions Of Dollars

  Hungary upped the stakes in talks about European Union oil sanctions on Wednesday, saying a deal was out of reach until Brussels offers a "solution" measured in hundreds of millions of dollars to replace Russian oil in the Hungarian economy.

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