Auto Industry

car&bike Team

Mar 28, 2022, 11:21 PM

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.

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  car&bike Team | Mar 28, 2022

  Daimler Truck Sees Electric Trucks Costs Staying High - report

  Daimler Trucks chief executive said governments need to offer subsidies to offset the higher costs of electric trucks

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  car&bike Team | Mar 28, 2022

  EU Split On Russia Oil Sanctions, Mulls Other Steps

  The EU and allies have already imposed hefty measures against Russia, including freezing its central bank's assets.

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  car&bike Team | Mar 28, 2022

  India Says No Plans For Now To Buy Russian Oil In Rupees

  Junior oil minister says that there is no proposal under consideration for purchase of Russian oil in Indian rupees

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  car&bike Team | Mar 28, 2022

  Operations Are Normal At Chipmaker SMIC's Shanghai Plants - Report

  Chinese chipmaker Semiconductor Manufacturing International Corporation said operations remain normal at its Shanghai factories, state media outlet China Securities Journal reported on Monday.

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  car&bike Team | Mar 28, 2022

  IEA Says Market May Lose 3 Million Bpd Of Russian Oil Next Month

  Paris-based watchdog says buyer reluctance and sanctions on Russian crude could drive up inflation and undercut economic recovery

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  car&bike Team | Mar 28, 2022

  Evergrande Electric Vehicle Arm To Start Taking Car Orders 'Imminently'

  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

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  car&bike Team | Mar 28, 2022

  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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