Auto Industry News

Sony, Honda Team Up To Develop And Sell Electric Vehicles
Japan's Sony Corp and Honda Motor Co Ltd said on Friday they would pair up to develop and sell battery-powered electric vehicles.

Tesla's Long-Delayed German Gigafactory Gets Conditional Green Light
Mar 6, 2022 11:06 PM
Tesla Inc received a conditional go-ahead for its German gigafactory near Berlin

Panasonic Plans New Massive Battery Plant In U.S. To Supply Tesla - NHK
Mar 6, 2022 10:59 PM
Panasonic Corp is looking to purchase land in the United States for a mega-factory to make a new type of electric vehicle (EV) battery for Tesla Inc.

BASF Picks Canada To Expand Supplies For Booming EV Battery Market
Mar 6, 2022 10:46 PM
The German company said the facility in Becancour, Quebec, will produce and recycle cathode active materials (CAM), starting in 2025

Oil Surges To Multi-Year Highs As Russian Supply Shortfall Looms
Mar 6, 2022 10:41 PM
Oil surged on Friday, ending the week at multi-year highs as Russia's invasion of Ukraine intensified and oil buyers shunned barrels from the world's second-largest exporter of crude.

EV Maker ELMS To Lay Off About 24% Of Employees
Mar 6, 2022 10:36 PM
EV maker Electric Last Mile Solutions Inc (ELMS) will lay off about 24% of its staff as it looks to focus on its core business

Russia-Owned SCF Oil Tankers Rerouting From Canada, Returning To Russia
Mar 6, 2022 10:00 PM
Two oil tankers owned and managed by Sovcomflot are rerouting from their Canadian destinations, while a third is returning to Russia after discharging

Govt Proposes Hike In 3rd-Party Motor Insurance Premium From Next Fiscal
Mar 6, 2022 03:02 PM
Insurance cost of car and two-wheelers likeky to jack up from April 1

India To Raise Fuel Prices Soon Over Inflation
Mar 6, 2022 12:58 PM
India will raise petrol and diesel prices next week for the first time in more than four months as global crude prices soar after Russia's invasion of Ukraine last week.

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