Auto Industry News
Analysis-EU Unity Over Russia Sanctions Falters As Europe's Economy Wilts
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.
Russia Replaces Iraq As Top Oil Supplier To India In November
Dec 21, 2022 12:34 AM
India's oil imports from Russia rose for the fifth straight month, totaling 908,000 barrels per day (bpd) in November, up 4% from October, the data showed.
Audi To Manufacture Electric Vehicles At All Plants From 2029
Dec 21, 2022 04:07 PM
Carmaker plans to cease the manufacturing of internal combustion models by 2033.
Hero XPulse 200T 4V Launched In India; Priced At Rs. 1.26 Lakh
Dec 20, 2022 11:17 PM
Hero MotoCorp launched the updated XPulse 200T in India at Rs. 1,25,726 (ex-showroom, Mumbai).
2023 Mercedes-AMG E53 Cabriolet 4Matic+ India Unveil On January 06, 2023
Dec 20, 2022 09:30 PM
The convertible Mercedes-AMG E53 4Matic+ is essentially the convertible version of the AMG E53 sedan and is a successor to the previous-generation AMG E53 facelift.
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