Auto Industry

car&bike Team

Apr 26, 2022, 10:57 PM

Oil Slumps 4% As Shanghai Lockdowns Stoke Demand Fears

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

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  car&bike Team | Apr 26, 2022

  Stellantis CEO Upbeat On U.S. As Shareholders Vote Against Pay Package

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

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  car&bike Team | Apr 26, 2022

  Argentina Grains Truckers And Government Set Virtual Meeting To End Strike

  Argentina's truckers and government officials agreed on Thursday to have a virtual meeting in order to reach an agreement to end a protest by truck owners demanding higher freight rates.

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  car&bike Team | Apr 26, 2022

  Analysis: Soaring Battery Costs Fail To Cool Electric Vehicle Sales

  Global EV sales in the first quarter jumped nearly 120%, according to estimates

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  car&bike Team | Apr 26, 2022

  Indian Refiners' March Crude Processing Rises 6.4% Year-On-Year

  India's fuel demand rose to a three-year high in March as the market accumulated supplies foreseeing price spikes while easing COVID-related curbs boosted demand.

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  car&bike Team | Apr 26, 2022

  Oil Edges Higher On Concerns Over Russia, Libya Supply Disruption

  Oil prices rose on Thursday, buffeted by concerns about tightened supply as the European Union (EU) mulls a potential ban on Russian oil imports that would further restrict worldwide oil trade.

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  car&bike Team | Apr 26, 2022

  Oil Steadies After Sharp Fall; Focus On China Growth

  Oil prices bounced as worries over China's fuel demand were soothed by the central bank's pledge to support an economy hit by renewed COVID-19 curbs.

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  car&bike Team | Apr 26, 2022

  U.S. Reviews LG Energy Solution Batteries To Ensure Adequate Recalls

  The auto safety agency noted Mercedes-Benz, Chrysler-parent Stellantis, General Motors and Hyundai Motor have issued recalls since 2020 due to internal failures in high-voltage vehicle batteries that pose fire risks. Batteries produced by LG Energy Solution.

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  car&bike Team | Apr 26, 2022

  Mercedes-Benz Accelerates In-House Software Push With New Tech Centre

  Mercedes-Benz is planning around 750 of the 3,000 new hires globally to develop the operating system were hired in Sindelfingen, working on features from in-vehicle entertainment to autonomous driving.

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