Auto Industry
car&bike Team
May 29, 2022, 4:44 PM
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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car&bike Team | May 29, 2022Indian Government In Talks With Russian Over Cut-Price Oil Deal - ReportIndia is in talks with Russia over a deal to buy oil at discounted rates, the chairman of India's state-run Hindustan Petroleum Corp. said on Thursday, at a time when much of the West is shunning Russian crude over the conflict in Ukraine.1 min read
car&bike Team | May 29, 2022India's Crude Oil Imports Rise In March On Demand RecoveryIndia's crude imports rose about 4.2% in March to 19.03 million tonnes from a year earlier, government data showed on Monday, as consumption picked up in the world's third-largest oil importer after COVID-19 curbs were eased.1 min read
car&bike Team | May 29, 2022Auto Parts Maker Aptiv Joins Rivals To Flag Earnings Hit From China LockdownsAptiv has a "heavy presence" in Shanghai, a city that has been under strict lockdowns due to surging COVID-19 cases.1 min read
car&bike Team | May 29, 2022Uber To Cut Costs, Slow Down Hiring, CEO Tells StaffThe ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc1 min read
car&bike Team | May 29, 2022Factbox - South Korean EV Battery Makers In $13 Billion Spree To Win U.S. MarketSouth Korean battery makers have stepped up their U.S. investment ambitions and cumulative spending announcements since 20181 min read
car&bike Team | May 29, 2022Indian Shares Fall As Metals Tumble; Automobiles Help Cap LossesIndia announced a series of changes to the tax structure levied on fuel and crucial commodities in a bid to help fight surging inflation.1 min read
car&bike Team | May 29, 2022Japan's Subaru To Build Its First Electric Vehicle FactorySubaru plans to launch a mixed-production line of gasoline and electric vehicles around 2025 before opening an EV-only production line in the new factory after 20271 min read
car&bike Team | May 28, 2022Ather Energy Says Damaged E-Scooter Due To Accident Caused Short-Circuit, FireUpon investigating a fire in the Ather Energy dealership in Chennai, Ather has pinned the cause to a crack in the battery casing of the vehicle, which was caused by an earlier accident. No injuries were reported.1 min read
