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Auto Industry

car&bike Team
Apr 24, 2022, 8:42 PM
The White House held a classified briefing with some U.S. lawmakers on the dire risks to the American economy from semiconductor supply chain issues as it pushes Congress for $52 billion in funding to subsidize production
1 Min
car&bike Team | Apr 24, 2022OPEC Cuts 2022 World Oil Demand Forecast Due To Ukraine WarOPEC cut its forecast for growth in world oil demand in 2022 citing the impact of Russia's invasion of Ukraine, rising inflation as crude prices soar and the resurgence of the Omicron coronavirus variant in China.1 min read
car&bike Team | Apr 23, 2022Ship Fuel Suppliers Stop Serving Russian Vessels In The Med - ReportMarine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in another blow to Moscow's exports1 min read
car&bike Team | Apr 23, 2022Ford Inks Argentina Lithium Supply Deal With Lake ResourcesFord Motor Co said it has signed a preliminary deal to buy lithium from a Lake Resources NL facility in Argentina, marking the first time the automaker has publicly announced where it will procure the electric vehicle battery metal.1 min read
car&bike Team | Apr 23, 2022Brookfield To Buy Automotive Software Maker CDK Global For $6.41 BillionBrookfield Business Partners is buying CDK Global Inc for $6.41 billion in cash, taking private the last major publicly traded provider of software to auto dealers and manufacturers.1 min read
car&bike Team | Apr 23, 2022Japan Aims For 20% Share Of Global Battery Market By 2030Japan is aiming for a 20% share of the global rechargeable battery market in 2030 by boosting global output capacity at Japanese companies nearly 10-fold to 600 gigawatt hours (GWh)1 min read
car&bike Team | Apr 23, 2022Solar, Wind And Diesel: European Companies Tool Up In Energy CrisisLuxury carmaker Mercedes-Benz is working to increase its energy independence this decade with investments in solar energy and wind farms1 min read
car&bike Team | Apr 23, 2022Fuel Ship Sinks Off Tunisia, Threatening Environmental DisasterTunisian authorities intensified efforts on Saturday to avoid an environmental disaster after a merchant fuel ship carrying one thousand tons of fuel sank off the coast of Gabes.1 min read
car&bike Team | Apr 23, 2022Stellantis CEO Upbeat On U.S. As Shareholders Vote Against Pay PackageStellantis CEO Carlos Tavares on Wednesday took a bullish stance on the U.S. market despite rising fears of a downturn, as the carmaker's shareholders voted against the 2021 compensation package for top executives.1 min read
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