Auto Industry News
Crude Settles Up More Than 7 Per Cent As EU Mulls Russian Oil Ban
Brent futures settled at $115.62 per barrel, up to $7.69 or 7.12 per cent, while U.S. West Texas Intermediate (WTI) crude futures settled at $112.12 per barrel, up to $7.42 or 7.09per cent.
Daimler Truck Sees Electric Trucks Costs Staying High - report
Mar 28, 2022 11:17 PM
Daimler Trucks chief executive said governments need to offer subsidies to offset the higher costs of electric trucks
EU Split On Russia Oil Sanctions, Mulls Other Steps
Mar 28, 2022 11:08 PM
The EU and allies have already imposed hefty measures against Russia, including freezing its central bank's assets.
India Says No Plans For Now To Buy Russian Oil In Rupees
Mar 28, 2022 11:01 PM
Junior oil minister says that there is no proposal under consideration for purchase of Russian oil in Indian rupees
Operations Are Normal At Chipmaker SMIC's Shanghai Plants - Report
Mar 28, 2022 10:37 PM
Chinese chipmaker Semiconductor Manufacturing International Corporation said operations remain normal at its Shanghai factories, state media outlet China Securities Journal reported on Monday.
IEA Says Market May Lose 3 Million Bpd Of Russian Oil Next Month
Mar 28, 2022 10:27 PM
Paris-based watchdog says buyer reluctance and sanctions on Russian crude could drive up inflation and undercut economic recovery
Evergrande Electric Vehicle Arm To Start Taking Car Orders 'Imminently'
Mar 28, 2022 10:25 PM
China Evergrande New Energy Vehicle Group said it will start accepting orders for its inaugural electric car, the Hengchi 5 sport utility vehicle, "imminently" and open sales centres in 15 major cities across the country. Liu
Vitesco Receives 2 Billion Euro Order For Electric Car Components - CEO
Mar 28, 2022 10:17 PM
Vitesco has received an order worth around 2 billion euros ($2.20 billion) to produce a component for electric vehicles (EVs), Chief Executive Andreas Wolf said on Friday, without naming the client.
Tesla To Ask Shareholders To Vote On Authorising More Shares
Mar 28, 2022 10:10 PM
Tesla's shares rose nearly 4% to $1,049.05 in trading before the bell. The stock split, if approved, would be the company's latest after a five-for-one split in August 2020 to make owning the stock easier for its employees and investors.
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