Auto Industry
car&bike Team
May 28, 2022, 4:29 PM
ECARX Holdings said it would go public through a merger with a blank-check firm in a deal that values it at $3.82 billion.
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car&bike Team | May 28, 2022Volkswagen CEO Sees Production ReboundVolkswagen 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.1 min read
car&bike Team | May 28, 2022U.N. Seeks $144 Million To Offload Decaying Yemen Oil TankerDavid 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.1 min read
car&bike Team | May 28, 2022Oil Settles Mixed Amid Beijing Lockdown Fears, Tight SuppliesA 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.1 min read
car&bike Team | May 28, 2022Russia Jumps To 4th Position As Oil Supplier To IndiaRussia'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.1 min read
car&bike Team | May 28, 2022Tesla Rules Out Manufacturing Or Even India Entry Without SopsResponding 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.1 min read
car&bike Team | May 28, 2022India To Launch 20% Ethanol-Mixed Gasoline In Some Parts From April: ReportHit 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.1 min read
car&bike Team | May 28, 2022India's April Crude Oil Imports At 3-1/2 Year High On Cheap Russia SupplyCrude 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.1 min read
car&bike Team | May 28, 2022Nepal Raises Retail Fuel Price, Stoking Inflation FearsState 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.1 min read
