Auto Industry
car&bike Team
May 28, 2022, 5:58 AM
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, 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
car&bike Team | May 28, 2022Iraqi Kurdish Leader Says Rejects Federal Court Oil And Gas RulingIraq'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.1 min read
car&bike Team | May 28, 2022Norwegian Software Venture Targets Rising Cyber Attack RisksNorwegian firms Telenor, Aker ASA and Cognite say a new software security company they plan to launch this year will help companies protect their industrial assets from an increased cyber attack risk since Russia's invasion of Ukraine.1 min read- car&bike Team | May 28, 2022Oil Edging Higher Supported By The Prospect Of A Tight MarketU.S. petrol stocks fell by 482,000 barrels last week to 219.7 million barrels, U.S. Energy Information Administration said on Wednesday. The start of summer driving season in the United States normally entails increased consumption.1 min read
car&bike Team | May 28, 2022Stellantis Boss Expects Chip Supply To Remain Tight This Year"Semiconductor supply is still very short, the situation is very similar to that of 2021. I would say 2022 would not bring a major improvement," Chief Executive Carlos Tavares said at an event in Como to promote Alfa Romeo's new sport utility vehicle (SUV) , the Tonale.1 min read
car&bike Team | May 28, 2022Chipmaker Infineon Raises 2022 Revenue Outlook After Results BeatThe Munich-based company raised its 2022 revenue for the second time by 500 million euros ($525.20 million) to around 13.5 billion euros, including a range of plus or minus 500 million euros.1 min read
car&bike Team | May 28, 2022Toyota Rolls Out First Battery Electric Car In Cautious Debut As Rivals Go Full-ThrottlePetrol-electric hybrid models remain far more popular in Toyota's home market than electric vehicles (EVs), which accounted for just 1% of the passenger cars sold in Japan last year, according to industry data.1 min read
