Auto Industry News
Oil Tankers Waiting To Pass Through Istanbul Strait Fall To 13: Report
A Turkish measure in force since the start of the month has caused shipping delays. It requires vessels to provide proof of insurance covering the duration of their transit through the Bosphorus Strait or when calling at Turkish ports.
Turkey Oil Tanker Logjam Snarls Russia Oil Sanctions
Dec 31, 2022 04:20 PM
A total of 28 oil tankers are in a queue seeking to leave the Bosporus and Dardanelles straits, the Tribeca shipping agency said.
Indian Luxury Car Dealer Landmark IPO Oversubscribed By Threefold Shares On Offer
Dec 31, 2022 04:20 PM
Investors bid for 24.6 million shares by the final day of bidding, 3.1 times the 8 million shares on offer, exchange data showed.
Nikola Founder Seeks New Trial, Says Juror Concealed Bias Against Wealthy
Dec 31, 2022 04:20 PM
Milton told U.S. District Judge Edgardo Ramos in court papers that the juror's Twitter and Facebook pages were "riddled with attacks on wealthy executives"
Faraday Future Slides On Signaling Need For Funds To Start Production
Dec 31, 2022 04:20 PM
The company is one of the many EV startups struggling to launch its products as a bleak global growth outlook and a funding squeeze dented production schedules and compounded losses.
Self-Driving Trucking Firm TuSimple Appoints CFO, Reconstitutes Audit Panel
Dec 31, 2022 04:19 PM
The company reappointed former chief executive Cheng Lu as its top boss last month after it fired his predecessor Xiaodi Hou following a probe.
Tesla Plans To Announce Mexico EV Plant Soon - Report
Dec 31, 2022 04:19 PM
The plant will be located in Santa Catarina in Monterrey city, the capital of Nuevo Leon state in Mexico a report said.
LG Energy Solution To Invest $3.1 Billion In S.Korea Battery Facility
Dec 31, 2022 04:19 PM
The project in Ochang, South Korea, will include R&D and production facilities and related infrastructure
Russian Oil Sold To India Below Price Cap In Buyers' Market
Dec 31, 2022 04:19 PM
The European Union ban on imports of Russia's seaborne oil from Dec. 5 has driven Moscow to seek alternative markets, mainly in Asia, for about 1 million barrels per day.
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