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Auto Industry
Reuters
Dec 5, 2021, 5:42 PM
The market sold off dramatically after the Organization of the Petroleum Exporting Countries and its allies known as OPEC+ issued a bit of a surprise by sticking to plans to boost output monthly by 400,000 barrels per day.
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Reuters | Dec 5, 2021OPEC+ Agrees On Planned January Oil Output Rise, Sources SayOPEC+ has agreed to go ahead with its planned January oil output rise of 400,000 barrels per day.1 min read
Reuters | Dec 5, 2021Oil Steadies, Paring Gains As Rising COVID Cases Spur Demand WorriesOil prices climbed more than $2 a barrel after producer group OPEC+ said it could review its policy to hike output at short notice if a rising number of pandemic lockdowns chokes off demand.1 min read
Charanpreet Singh | Dec 5, 2021ARAI Developing Fast Chargers For Electric Vehicles, Says Heavy Industries MinisterUnion Minister of Heavy Industries Mahendra Nath Pandey said that the Automotive research and development body is developing fast chargers for EVs to address the issue of charging infrastructure, and will boost demand for battery-driven vehicles.1 min read
Reuters | Dec 5, 2021USTR Backs Efforts To Strengthen U.S. EV Industry Despite ObjectionsThe proposed $12,500 electric vehicle tax credit would include $4,500 for EVs built in the United States by union workers, effective after 2027.1 min read
Reuters | Dec 5, 2021India's Biggest Car Dealer Popular Plans $100 Million Listing: ReportPapers filed in August with India's markets regulator seeking approval for its listing show the dealer plans to raise $20 million by issuing new shares.1 min read
Reuters | Dec 5, 2021Ford Aims To Be World's Second Largest Electric Vehicle Maker Within Two Years: COOFord's optimism stems from increasing demand for its next new EV, the Ford F-150 Lightning pickup, with retail reservations approaching 200,000, said Lisa Drake, chief operating officer of Ford North America.1 min read
Charanpreet Singh | Dec 5, 2021Government Evaluating Tesla's Duty Cut Proposal, Decision Expected Soon: Niti Aayog CEOThe Centre will shortly take a final decision on Tesla's proposal to lower import duties on electric vehicles, said Niti Aayog CEO Amitabh Kant.1 min read
Charanpreet Singh | Dec 5, 2021Goa Government Launches Electric Mobility Promotion Policy 2021 To Promote EVsThe primary objective of the Goa Electric Mobility Promotion Policy 2021 is to promote the usage of electric vehicles (EVs) and job employment in the state of Goa, said Goa CM Pramod Sawant.1 min read
