Auto Industry News
India's ONGC To Sell Stake, Seeks Global Help To Develop Fields
ONGC is hoping to lure interest from global companies with the "requisite technical expertise and financial strength" to support it in developing its Deen Dayal West field in the Bay of Bengal and ultra-deep discoveries in Krishna Godavari Basin.
U.S. Seizes Iranian Oil Cargo Near Greek Island - Sources
May 27, 2022 08:11 PM
The vessel's Russian owner Transmorflot was subsequently designated on May 8. The tanker, renamed Lana on March 1 and flying the Iranian flag since May 1, has remained near Greek waters since then. It was previously Russian-flagged.
Taiwan's Delta Electronics Expanding 'Everywhere' on EV, Server Boom
May 27, 2022 08:10 PM
More traditional automakers such as Ford Motor Co, not just Tesla, are seeing their EV sales soar, a trend that will continue to Delta's benefit, he added.
Asia Shares Join Global Rebound On Easing Of Fed Hike Fears, China Tech Boost
May 27, 2022 08:05 PM
Asian shares on Friday extended overnight global gains thanks to strong results from regional tech firms and U.S. retailers
India's ONGC To Boost Exploration With $4 Billion Investment Over 3 Years
May 27, 2022 08:03 PM
India, the world's third biggest oil importer and consumer, ships in over 80% of its oil needs. Asia's third largest economy wants to monetise its oil and gas resources to cut its import bill.
COVID-hit Shanghai Heads For Lockdown Exit But China Still Lost In Economic Gloom
May 27, 2022 08:00 PM
Shanghai is set to finally emerge from its lockdown on June 1 after new infections fell sharply. The mega-city of 25 million people has been cautiously allowing more of its population to venture out and putting more vehicles back onto its once busy streets and boulevards.
Supply Chains Snarl Taiwan Tech Firms As Some Strive To Meet Demand
May 27, 2022 07:57 PM
Taiwanese tech suppliers are suffering from supply constraints, even for such things as packing materials, as some struggle to take advantage of soaring demand.
Faulty Battery Cells, Modules Likely Caused e-Scooter Fire In India, Initial Probe Finds
May 27, 2022 07:43 PM
India wants e-scooters and e-bikes to make up 80% of total two-wheeler sales by 2030, from about 2% today.
Pakistan Hikes Fuel Prices To Unlock IMF Funding
May 27, 2022 07:38 PM
The price hike has been the main issue between Pakistan and the IMF as part of an agreement to withdraw subsidies in oil and power sectors to reduce the fiscal deficit before the annual budget is presented next month.