Auto Industry News
Oil Traders To Cut Russian Oil Purchases From May 15
Trading companies are, however, winding down purchases from Russian energy group Rosneft as they seek to comply with language in existing EU sanctions that were intended to limit Russia's access to the international financial system.
Wataru Nakano Named President & MD Isuzu Motors India; Company Makes Two More Top Level Appointments
Apr 27, 2022 12:50 AM
Isuzu Motors has made three top management changes in India. While Wataru Nakano has been appointed as President and MD, Toru Kishimoto, from Mitsubishi Corp. and Rajesh Mittal from UD Trucks Corp., have been appointed in two top level management roles.
OPEC Share Of India's Oil Imports Steadies After Six-Year Slump
Apr 27, 2022 12:48 AM
Russian oil continued to account for less than 1% of India's crude imports in 2021/22.
Oil Settles Mixed On Russia Supply, Demand Concerns
Apr 27, 2022 12:43 AM
The front-month WTI crude futures contract, which expires on Wednesday, rose 19 cents to settle at $102.75, unchanged.
Oil Falls, Posts Nearly 5 Per Cent Weekly Loss On Growth Concerns
Apr 27, 2022 12:35 AM
Brent crude settled down $1.68, or 1.6%, at $106.65 a barrel. U.S. West Texas Intermediate (WTI) crude declined $1.72, or 1.7%, to $102.07.
EU Weighs Driver Data Rules, Pitting Insurers Against Auto Giants
Apr 27, 2022 12:25 AM
The EU has already proposed a Data Act, but it may not be sufficiently detailed for handling auto data, and a further measure could standardise data sets, and ensure fair access and competition, the EU executive said.
Goldman Sachs, Morgan Stanley To Lead Intel's Mobileye IPO
Apr 26, 2022 11:54 PM
The amount to be raised in the IPO could not be learned and the sources requested anonymity because details of the IPO preparations are confidential.
India Keen To Boost Oil Imports From Brazil - Report
Apr 26, 2022 11:42 PM
India is looking to import oil from Brazil under special long term contracts
Subaru Says Suspends Shipment Of Some Models Over Engine Sensor Malfunction
Apr 26, 2022 11:36 PM
About 54,000 cars with the engine have been sold in Japan since October 2020 and are for the market only, the spokesperson said, declining to comment on the number of cars affected by the shipment suspension.
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