Auto Industry

car&bike Team

Mar 28, 2022, 10:17 PM

Vitesco Receives 2 Billion Euro Order For Electric Car Components - CEO

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.

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  car&bike Team | Mar 28, 2022

  Tesla To Ask Shareholders To Vote On Authorising More Shares

  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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  car&bike Team | Mar 28, 2022

  India's Gasoil, Gasoline Sales Top Pre-COVID Level On Price Hike Fears

  Demand for fuel in first half of March grew 24 percent over March 2019

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  car&bike Team | Mar 28, 2022

  India's Feb Crude Oil Imports Hit 4 Month-Low As Global Prices Surge

  February crude oil imports decreased by about 8.6 per cent from the previous month and were 5.7 per cent lower than pre-pandemic levels in the same month two years ago.

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  car&bike Team | Mar 28, 2022

  Oil Jumps 5 Per Cent As Caspian Pipeline Disruption Adds To Supply Fears

  The situation adds to market worries about the ripple effect of heavy sanctions on Russia, the world's second-largest crude exporter, after its invasion of Ukraine.

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  car&bike Team | Mar 28, 2022

  Indian Oil Buys 3 Million Barrels Of Urals For May Loading - Trade Sources

  Urals crude has been purchased from trader Vitol on a delivered basis at a "discount", they said.

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  car&bike Team | Mar 28, 2022

  Indian Refiners Hike Crude Processing In February To Meet Demand Rise

  India's fuel consumption had its biggest year-on-year jump since August 2021, up 5.4% in February compared with the same month in 2021.

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  car&bike Team | Mar 28, 2022

  Volvo Cars Cuts 2022 Sales Volume Forecast Due To Chip Shortage

  Volvo Cars said on Tuesday that a shortage of semi-conductors was hitting production and would likely to continue through the second quarter, forcing it to cut its forecast for vehicle deliveries for the full year.

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  car&bike Team | Mar 28, 2022

  Japan's Suzuki, SkyDrive Sign Deal To Develop, Market 'Flying Cars'

  Japanese automaker Suzuki Motor Corp and 'flying car' firm SkyDrive Inc said they have signed a deal to team up in research, development and marketing of electric, vertical takeoff and landing aircraft.

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