Auto Industry News
U.S. Commerce Aims To Seek Chips Funding Proposals By February
The U.S. Commerce Department said it hopes by February to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new facilities and expand existing U.S. production.
Oil Prices Climb On Tight Supply Worries
Sep 28, 2022 06:14 PM
Oil prices rose by as much as $1 per barrel after dropping below key technical support levels in the previous session, as an energy standoff between Europe and Russia focused investor minds on how tight fuel supply may become.
India's BPCL Plans To load Sokol Cargo In Sept - Report
Sep 28, 2022 06:14 PM
Indian state-refiner Bharat Petroleum Corp is re-attempting to charter a ship to load 700,000 barrels of Russia's Sokol crude oil this month, sources familiar with the deal said.
India Asks Amazon To Remove Seatbelt Alarm Blockers In Road Safety Push
Sep 28, 2022 06:13 PM
The Indian government has asked online retail giant Amazon to stop selling devices designed to disable car seatbelt alarms, transport minister Nitin Gadkari told Reuters, citing potential safety risks.
Shenzhen Shuts Most Public Transport As China Battles Multiple Outbreaks
Sep 28, 2022 06:12 PM
The main districts of Chinese tech hub Shenzhen shut down public transport and extended curbs on public activities as cities across China battled COVID-19 outbreaks that have dampened the outlook for economic recovery.
Oil Climbs Ahead Of OPEC+ Meeting Next Week
Sep 28, 2022 06:12 PM
Oil prices rose on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China's COVID-19 curbs and weakness in the global economy loomed over the market.
Oil Climbs Ahead Of OPEC+ Meeting Next Week
Sep 28, 2022 06:12 PM
Oil prices rose on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China's COVID-19 curbs and weakness in the global economy loomed over the market.
SoftBank Plans $35 Million Bet On India's GoMechanic - Report
Sep 28, 2022 06:11 PM
Vision Fund's early-stage talks with GoMechanic are being held around a valuation of $600-700 million, with Malaysian sovereign fund Khazanah and existing investor Tiger Global also planning to invest in the $100 million funding round.
Resigned Riders Of Gasoline-Fueled Motorbikes Pay For Parking In Paris
Sep 28, 2022 05:48 PM
Paris's town hall decision to make gasoline-fueled motorcycles pay for parking kicked in this Thursday, triggering reactions from riders ranging from resignation to dissatisfaction.