Auto Industry News
Piero Ferrari Sets Up Succession Plan With Trust Fund For His Stake In The Supercar Firm
Piero Ferrari has decided to set up a family trust this month which will oversee the roughly 10 per cent stake he inherited from his father, Enzo Ferrari, the founder of the supercar marque. He is the second-largest shareholder in the company.
Tata Still On Track With Plan To Launch 10 EVs In 5 Years; Will Launch Up To 2 EVs Every Year
Dec 21, 2022 06:18 PM
Speaking with car&bike on the sidelines of the media drive for Tiago EV, Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility Limited said that the company is well on track to launch 10 electric vehicles over the next 5 years.
India Probes Possible Misappropriation Of Incentives By EV Makers
Dec 21, 2022 06:04 PM
India is investigating the possible misappropriation of incentives given to EV makers under a Rs. 10,000 crore programme to promote their faster adoption.
Hyundai Ioniq 5 Unveiled In India; Bookings Open
Dec 21, 2022 04:52 AM
The Hyundai Ioniq 5 will be the second electric offering from Hyundai in India after the Kona electric and will be the first model to be introduced on the E-GMP Platform.
Analysis-EU Unity Over Russia Sanctions Falters As Europe's Economy Wilts
Dec 21, 2022 12:51 AM
EU leaders agreed on Thursday to a ninth package of sanctions but talks were acrimonious, with Poland and the Baltic states that neighbour Russia campaigning for tougher measures, while states further west, such as Germany, were more hesitant.
Oil Rises On Hopes For China's Economy; Recession Fears Limit Gains
Dec 21, 2022 12:49 AM
China, the world's top crude oil importer, is experiencing its first of three expected waves of COVID-19 cases after Beijing relaxed mobility restrictions but said it plans to step up support for the economy in 2023.
World Shares Extend Rout, Oil Prices Drop On Recession Worries
Dec 21, 2022 12:46 AM
The selling spilled over into commodities markets, where oil prices dropped over $2 per barrel. Gold prices faced their biggest weekly loss in four weeks after the Federal Reserve indicated it was not done hiking rates.
Oil Prices Slid 2% As Dollar Firms And Central Banks Hike Interest Rates
Dec 21, 2022 12:40 AM
After rising for three straight days, Brent futures fell $1.49, or 1.8%, to settle at $81.21 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $1.17, or 1.5%, to settle at $76.11.
Oil Prices Climb By $2 Amid Forecasts For 2023 Demand Uptick
Dec 21, 2022 12:38 AM
Brent crude futures settled up $2.02, or 2.4%, to $82.70 per barrel, while U.S. West Texas Intermediate (WTI) crude futures settled up $1.94 to $77.28.
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