Auto Industry News
India Approves New Emissions Targets To Tackle Climate Change
India has finally approved new targets for slashing planet-warming emissions, more than a year after a United Nations deadline for updated commitments.
Indian Oil Aims To Restart Paradip Refinery From Mid-Sept - Report
Aug 29, 2022 10:45 PM
Indian Oil will restart crude processing at its refinery in Odisha from mid-September after a 45-day maintenance turnaround.
Lidar Maker Innoviz Signs $4 Billion Supply Deal With Volkswagen
Aug 29, 2022 10:45 PM
Innoviz Technologies will supply hardware and software to Volkswagen AG's Cariad unit in a deal valued at $4 billion.
Michigan Working To Attract Chip Manufacturers Under New U.S. Bill - Report
Aug 29, 2022 10:45 PM
Michigan Governor Gretchen Whitmer said the state is well positioned to attract new investment in semiconductor chips manufacturing after Congress passed $52 billion in new subsidies.
Auto Supplier Aptiv Cuts Forecast On Europe Gas Supply Worries
Aug 29, 2022 10:45 PM
Aptiv lowered its annual forecasts for profit and revenue, blaming production cuts by major automakers in Europe as the region braces for a disruption in gas supplies from Russia.
Britain Sets Out Roadmap For Self Driving Vehicle Usage By 2025
Aug 29, 2022 10:42 PM
Britain said it wanted a widespread rollout of self-driving vehicles on roads by 2025, announcing plans for new laws and 100 million pounds ($119.09 million) of funding.
India's Adani Power To Buy DB Power For Rs. 7,000 Cr.
Aug 29, 2022 10:42 PM
Adani Power Ltd are set to buy thermal power plant operator DB Power for an enterprise value of Rs. 7017 Crore ($879.14 million) as India's largest private thermal power producer looks to expand operations.
Oil Up 3% On Robust U.S. Fuel Consumption, Tight Supply Outlook
Aug 29, 2022 10:42 PM
Oil prices gained about 3% as positive U.S. economic data and robust U.S. fuel consumption offset concerns that slowing economic growth in other countries could undercut demand.
Bhutan Bans Import Of Most Vehicles As Foreign Exchange Reserves Plummet
Aug 29, 2022 10:42 PM
Bhutan will ban the import of all vehicles except utility vehicles, heavy earthmoving machines and agriculture machinery to save dwindling foreign exchange reserves.