Auto Industry News

The EU has already proposed a Data Act, but it may not be sufficiently detailed for handling auto data, and a further measure could standardise data sets, and ensure fair access and competition, the EU executive said.

The amount to be raised in the IPO could not be learned and the sources requested anonymity because details of the IPO preparations are confidential.

India is looking to import oil from Brazil under special long term contracts

About 54,000 cars with the engine have been sold in Japan since October 2020 and are for the market only, the spokesperson said, declining to comment on the number of cars affected by the shipment suspension.

The United States is among many countries encouraging indigenous production of batteries and its materials in a bid to simplify supply chains for the booming EV industry.

At present, Indian state-run companies Bharat Petroleum Corp and Oil and Natural Gas Corp have made investment in Brazil's oil and gas exploration sector.

Brent futures fell $4.33, or 4.1%, while U.S. West Texas Intermediate (WTI) crude fell 3.5%.

The company reported an above-target adjusted operating profit margin of 11.8% last year, with a record 16.3% in North America