Auto Industry News
Tesla Plans To Ramp Up Model Y Production From Giga Texas In 2023: Report
Dec 24, 2022 11:47 PM
The electric-vehicle manufacturer is currently preparing to roll out 75,000 Model Y vehicles from Gigafactory Texas in the first quarter of 2023, according to the report.
Oil Slides Over 3% On Russian Price Cap Talks, U.S. Gasoline Build
Dec 24, 2022 11:46 PM
Oil prices fell more than 3% continuing a streak of volatile trading, as the Group of Seven (G7) nations considered a price cap on Russian oil above the current market level.
Proposed G7 Oil Price Cap To Have Little Immediate Impact On Russian Revenue
Dec 24, 2022 11:46 PM
G7's proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow's revenues, as it is broadly in line with what Asian buyers are already paying.
Turkish Strikes Hit Oil Installations In Northern Syria - Report
Dec 24, 2022 11:46 PM
Turkish drones are targeting key oil installations run by the Kurdish-led Syrian Democratic Forces (SDF) in northeast Syria.
Russia Says It Won't Accept Oil Price Cap And Is Preparing Response
Dec 24, 2022 11:46 PM
Russia "will not accept" a price cap on its oil and is analysing how to respond, the Kremlin said.
Biden Not Planning To Speak To Putin For Now, G7 Agrees Oil Price Cap
Dec 24, 2022 11:46 PM
Biden does not intend to speak to Putin about ending the Ukraine war as conditions for such discussions currently do not exist, the White House said.
Bosch To Beat Forecasts, Double Down On India - Report
Dec 24, 2022 11:46 PM
Bosch is set to earn more than 87 billion euros in revenues in 2022
Redwood Materials Joins Electric Vehicle, Battery Trek To South Carolina
Dec 24, 2022 11:45 PM
Redwood said it will build a $3.5 billion battery materials campus in Ridgefield, about 30 miles (48.28 km) northwest of Charleston, that will recycle, refine and remanufacture cathode and anode materials
Oil Dips 1.5% Ahead Of OPEC+ Meeting, EU Russian Oil Ban
Dec 24, 2022 11:45 PM
Oil futures slipped 1.5% in choppy trading ahead of a meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+).