Auto Industry News
U.S. Commerce Aims To Seek Chips Funding Proposals By February
The U.S. Commerce Department said it hopes by February to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new facilities and expand existing U.S. production.
India's BPCL Plans To load Sokol Cargo In Sept - Report
Dec 31, 2022 05:19 PM
Indian state-refiner Bharat Petroleum Corp is re-attempting to charter a ship to load 700,000 barrels of Russia's Sokol crude oil this month, sources familiar with the deal said.
Shenzhen Shuts Most Public Transport As China Battles Multiple Outbreaks
Dec 31, 2022 05:19 PM
The main districts of Chinese tech hub Shenzhen shut down public transport and extended curbs on public activities as cities across China battled COVID-19 outbreaks that have dampened the outlook for economic recovery.
Oil Climbs Ahead Of OPEC+ Meeting Next Week
Dec 31, 2022 05:19 PM
Oil prices rose on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China's COVID-19 curbs and weakness in the global economy loomed over the market.
SoftBank Plans $35 Million Bet On India's GoMechanic - Report
Dec 31, 2022 05:18 PM
Vision Fund's early-stage talks with GoMechanic are being held around a valuation of $600-700 million, with Malaysian sovereign fund Khazanah and existing investor Tiger Global also planning to invest in the $100 million funding round.
Resigned Riders Of Gasoline-Fueled Motorbikes Pay For Parking In Paris
Dec 31, 2022 05:18 PM
Paris's town hall decision to make gasoline-fueled motorcycles pay for parking kicked in this Thursday, triggering reactions from riders ranging from resignation to dissatisfaction.
China Says Automakers Must Have Licences For Mapping Data In Smart Cars
Dec 31, 2022 05:17 PM
China has said that automakers must apply for licences to collect geographic data using sensors on their intelligent vehicles.
Musk Sends Fresh Letter To Scrap Twitter Deal After Whistleblower Claims
Dec 31, 2022 05:17 PM
Musk has sent an additional letter of deal termination to Twitter Inc to include a recent whistleblower complaint.
Polestar Revenue Doubles As It Rides Electric Car Boom
Dec 31, 2022 05:17 PM
Polestar's revenue nearly doubled in the first half of 2022 on soaring demand and it may have to raise its prices further if material costs continue to rise.
Upcoming Launches
