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Author Articles
Indian Refiners Willing To Join Forces For Cheaper Oil Imports
India's private oil refiners are willing to work with state-run peers to bargain collectively for better oil import deals, oil minister Hardeep Singh Puri said on Friday, as the nation looks to cut its import bill.
Top Oil Exporter Saudi Arabia Targets Net Zero Emissions By 2060
Saudi Arabia's crown prince said on Saturday that the world's top oil exporter aims to reach "net zero" emissions of greenhouse gases, mostly produced by burning fossil fuels, by 2060 - 10 years later than the United States.
Stellantis Powers Up Electric Plans With Samsung SDI U.S. Deal
Stellantis and South Korea's Samsung SDI Co Ltd have entered a preliminary agreement on a joint venture to produce electric vehicle (EV) battery cells and modules in the United States, the two companies said on Friday.
Tesla Looks To Pave The Way For Chinese Battery Makers To Come To U.S
Tesla Inc wants to shift to a less expensive battery for its electric vehicles but first needs to figure out how to overcome political tensions to get a Chinese partner to build the iron-based batteries near its U.S. factories.
India's Top Gas Importer Sees LNG Price Surge Spurring Long-Term Contracts
Surging liquefied natural gas (LNG) prices are pushing buyers to look at securing long-term contracts possibly with an option for a floor and ceiling price to hedge against extreme volatility, the CEO of India's top gas importer said.
EU Appeals To Shared Values To Tempt Taiwan's Chip Firms
The European Union and Taiwan are democracies with shared values and are natural partners when it comes to semiconductors, a senior EU official said on Thursday, making a pitch for the island's key chip firms to invest in the bloc.
Car Production Curbs Hit TomTom Amid Chip Shortage
Dutch navigation and digital mapping company TomTom warned on Thursday supply chain problems in the auto sector could last until the first half of next year after it reported a bigger than expected quarterly core loss.
Carmakers Shift Up A Gear In Race To Go Electric
With electric car sales soaring and regulations increasingly favouring zero-emission vehicles, a flurry of announcements on Monday showed how the global auto industry has kicked into a higher gear as it races to speed past the fossil-fuel car era
Ryder, Gatik Team Up To Roll Out U.S. Autonomous Delivery Network
Truck fleet operator Ryder System Inc and Gatik said on Tuesday they will build a national U.S. autonomous short-haul, "middle-mile" logistics network for Gatik, a Silicon Valley self-driving startup, to deliver goods to business customers.
Tesla Quarter May Hinge On China Factory, Supply Chain Costs
Investors will be closely watching Tesla's quarterly results on Wednesday for indications of its performance in China, where the electric carmaker has posted robust sales in the face of negative publicity and a host of new domestic competitors.
Italy Woos Intel Over Multibillion-Euro Chip Plant: Report
Rome is drawing up an offer to try to convince Intel to invest billions of euros in an advanced chipmaking plant in Italy, as Germany emerges as frontrunner to land an even bigger megafactory planned by the U.S. company, three sources said.
Canada Says Proposed U.S. EV Tax Credit Could Harm Sector, Mulls Possible Challenge
Canadian Trade Minister Mary Ng told U.S. lawmakers that if approved, the proposals to create new electric vehicle tax credits for American-built vehicles, "would have a major adverse impact on the future of EV and automotive production in Canada."
General Motors Expedites Shipment Of Pickup Trucks Parked Due To Lack Of Chips
General Motors Co is more than halfway through shipping newly-assembled pickups that it had parked due to a shortage of semiconductor chips, a top executive at the No. 1 U.S. automaker said.
Electrified Cars Hit Almost A Fifth Of EU Q3 Vehicle Sales
Nearly one in five vehicles sold in the European Union in the third quarter was an electrified model as sales continued to soar while fossil-fuel cars slumped, according to sales data released on Friday by a trade organization.
Factbox-Electric-Vehicle Batteries: Major Players And Their Expansion Plans
The global auto industry's shift to electric vehicles (EVs) has spurred an expansion race among battery makers and led to a growing skills shortage.
Not Everyone Should Drive A Battery Electric Vehicle: Toyota Executive
Many people are passionate about climate change, but not everybody should drive a battery electric vehicle as a means to combat climate change, Toyota Motor Corp Chief Scientist Gill Pratt said on Thursday at the Reuters Events Automotive Summit.
Robotaxi Fleets On Roads Likely 10 Years Away, Lucid CEO Says
It is likely to take a decade before self-driving taxis will be deployed on roads, the chief executive of electric car startup Lucid Group Inc, Peter Rawlinson, said.
Ford's Fleet Customers Send Mixed Signals On Electric Vehicles: Report
Ford Motor Co sees a robust market for electric trucks and vans by 2030, but it is facing some early pushback from commercial customers that are a key audience for the automaker's new F-150 Lightning and E-Transit, a top executive said on Thursday.
Dutch Forensic Lab Says It Has Decoded Tesla's Driving Data: Report
The Dutch government's forensic lab said on Thursday it had decrypted electric carmaker Tesla Inc's closely guarded driving data-storage system, uncovering a wealth of information that could be used to investigate serious accidents.
Lamborghini Posts Record Global Sales In First 9 Months Of 2021
The period between January and September has seen the company achieve a record 6,902 units delivered to customers
