Auto Industry News
Bengaluru Police Says Don’t Drink And Drive Or Things Can Get ‘MESSI’ For You
The Bengaluru Police has caught the eye of Twitterati with its latest ‘Don’t Drink and Drive’ post, which references Argentina's penalty kick by Lionel Messi in the 2022 FIFA World Cup.
Audi Activesphere Concept Debut On January 26; Teased Again
Dec 19, 2022 05:53 PM
New teaser provides a top-down view of the vehicle revealing new details such as a glass roof, stylised rear deck and red upholstered seats.
Russian Oil Sold To India Below Price Cap In Buyers' Market
Dec 18, 2022 11:37 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.
India May Split Planned Mega Refinery To Various Sites - Report
Dec 18, 2022 11:33 PM
Aramco and ADNOC joined a consortium of Indian state-run firms in 2018 to set up a 1.2 million barrels-per-day coastal refinery and petrochemical plant in western Maharashtra, seeking a reliable outlet for their oil.
India Cuts Windfall Tax On Crude, Aviation Fuel
Dec 18, 2022 11:28 PM
It cut the tax on locally produced crude oil steeply to 1,700 rupees ($20.52) per tonne from 4,900 rupees, effective Friday
Kremlin Says It Is Finalising Last Details Of Response To Oil Price Cap
Dec 18, 2022 10:50 PM
Moscow has repeatedly said it will not sell oil to countries that comply with the cap
Japan To Seek U.S. Flexibility On EV Purchase Incentives, Kyodo Reports
Dec 18, 2022 08:58 PM
Japan will ask the United States to be more flexible on EV purchase incentives for non-American carmakers.
Battery Maker Envision AESC Seeking Potential Investors To Fund Expansion
Dec 18, 2022 08:57 PM
Japan-based Envision Automotive Energy Supply Corporation (AESC) is also in talks with automakers in Japan, Europe, the United States and China for new supply deals, its chief executive Shoichi Matsumoto told Reuters.
U.S., EU Launch Formal Group To Discuss Conflict Over EV Subsidies
Dec 18, 2022 08:55 PM
The talks come as auto manufacturers from Stuttgart to Seoul have been angered by Biden's $430 billion "Inflation Reduction Act", enacted in August and aimed at rolling back climate change and making Washington a world leader in the EV market.
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