Auto Industry News

German Economy Minster said that the country could reduce energy consumption by switching to using trains and cycles in place of driving.

Major global trading houses are planning to reduce crude and fuel purchases from Russia's state-controlled oil companies as early as May 15

Musk called Twitter the world's "digital town square" and talked about protecting free speech. But, the move has raised concerns about the depth of executive talent at Tesla Inc, in case his attention is further divided by the social media platform.

The two smaller zero-emission truck models from Volta will start production in 2025, opening more options for urban deliveries and in EU markets with restrictions for Sunday operations.

Trading companies are, however, winding down purchases from Russian energy group Rosneft as they seek to comply with language in existing EU sanctions that were intended to limit Russia's access to the international financial system.

Isuzu Motors has made three top management changes in India. While Wataru Nakano has been appointed as President and MD, Toru Kishimoto, from Mitsubishi Corp. and Rajesh Mittal from UD Trucks Corp., have been appointed in two top level management roles.

Russian oil continued to account for less than 1% of India's crude imports in 2021/22.

The front-month WTI crude futures contract, which expires on Wednesday, rose 19 cents to settle at $102.75, unchanged.