Auto Industry

car&bike Team

May 28, 2022, 3:51 PM

Volkswagen CEO Sees Production Rebound

Volkswagen CEO Herbert Diess said he sees "clear improvement" in semiconductor supplies and expects the automaker's global production can recover during the rest of this year.

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  car&bike Team | May 28, 2022

  U.N. Seeks $144 Million To Offload Decaying Yemen Oil Tanker

  David Gressly, the UN Resident and Humanitarian Coordinator for Yemen, said he hoped a donors conference held with the support of Netherlands in the Hague would quickly mobilise funds to avert a catastrophe on the Red Sea coast and its region.

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  car&bike Team | May 28, 2022

  Oil Settles Mixed Amid Beijing Lockdown Fears, Tight Supplies

  A pending European Union ban on oil from Russia, a key supplier of crude and fuels to the bloc, is anticipated to further tighten global supplies.

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  car&bike Team | May 28, 2022

  Russia Jumps To 4th Position As Oil Supplier To India

  Russia's share in India's oil purchases rose to a record 6%, about 277,000 barrels per day (bpd) in April, up from about 66,000 bpd in March, when it was in 10th position, according to the data, which was supplied by trade sources.

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  car&bike Team | May 28, 2022

  Tesla Rules Out Manufacturing Or Even India Entry Without Sops

  Responding to a Twitter user, Tesla CEO Elon Musk, said that Tesla will not put up a manufacturing unit in any location unless it is allowed to sell and service cars first. But the Indian govt. hasn't stopped the company from selling fully imported cars in India.

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  car&bike Team | May 28, 2022

  India To Launch 20% Ethanol-Mixed Gasoline In Some Parts From April: Report

  Hit hard by rising oil prices, India has expedited efforts to boost local output of oil and a transition to alternative fuels to cut its import bill. The source said India has been mixing about 10.5% ethanol with gasoline for the last three months.

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  car&bike Team | May 28, 2022

  India's April Crude Oil Imports At 3-1/2 Year High On Cheap Russia Supply

  Crude oil imports increased by about 9.7% from March and were up about 14.3% from a year earlier at 20.87 million tonnes, the highest since October 2018, according to Petroleum Planning and Analysis Cell data on Friday.

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  car&bike Team | May 28, 2022

  Nepal Raises Retail Fuel Price, Stoking Inflation Fears

  State monopoly Nepal Oil Corporation (NOC) said in a statement that the price for one litre of petrol was raised 5.8% to 180 Nepali rupees ($1.45) from 170 rupees a week earlier.

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  car&bike Team | May 28, 2022

  Iraqi Kurdish Leader Says Rejects Federal Court Oil And Gas Ruling

  Iraq's federal court has deemed an oil and gas law regulating the oil industry in Iraqi Kurdistan unconstitutional and demanded that Kurdish authorities hand over their crude supplies.

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