Auto Industry News

The 40-year-old informal trader is the proud new owner of an electric two-wheeler made by India-based company M Auto, which launched bikes in West African neighbours Benin and Togo this year.

The move, aimed at improving safety in a country that has the world's deadliest roads, was initially planned for Oct. 1, 2022, but faced resistance from some carmakers.

Founded and led by Israeli engineer Mark Ishakov and headquartered in Gibraltar, Etioca will not sell its taxis but has a business model based on fees paid by drivers to use them and on other services including media advertising and blockchain.

The California Air Resources Board (CARB) adopted its rules after Governor Gavin Newsom issued a 2020 executive order directing the move. CARB said the rules will reduce smog-causing pollution from light-duty vehicles by 25% by 2037 and result in 9.5 million fewer conventional vehicles sold by 2035.

The quirky all-electric Citroen Oli concept extensively uses recycled materials to save on weight and maintain the brand’s commitment to affordability and sustainability.

The financial aid announcement, which follows the visit to Japan by U.S. Vice President Kamala Harris, is the latest example of growing cooperation between Washington and Tokyo in chip manufacturing amid increasing tension and an intensifying technology rivalry with China.

The United States imposed sanctions on companies it accused of involvement in Iran's petrochemical and petroleum trade, including five based in China, pressuring Tehran as it seeks to revive the 2015 Iran nuclear deal.

Argentina's largest oil union said it launched an indefinite strike after an explosion at a refinery in the western province of Neuquen killed three.