Auto Industry News
EV Battery Maker Italvolt's CEO To Launch Company For Building Gigafactory
The United States is among many countries encouraging indigenous production of batteries and its materials in a bid to simplify supply chains for the booming EV industry.
India Keen To Boost Oil Imports From Brazil - India Oil Minister
Apr 26, 2022 10:59 PM
At present, Indian state-run companies Bharat Petroleum Corp and Oil and Natural Gas Corp have made investment in Brazil's oil and gas exploration sector.
Oil Slumps 4% As Shanghai Lockdowns Stoke Demand Fears
Apr 26, 2022 10:57 PM
Brent futures fell $4.33, or 4.1%, while U.S. West Texas Intermediate (WTI) crude fell 3.5%.
Stellantis CEO Upbeat On U.S. As Shareholders Vote Against Pay Package
Apr 26, 2022 09:09 PM
The company reported an above-target adjusted operating profit margin of 11.8% last year, with a record 16.3% in North America
Argentina Grains Truckers And Government Set Virtual Meeting To End Strike
Apr 26, 2022 08:48 PM
Argentina's truckers and government officials agreed on Thursday to have a virtual meeting in order to reach an agreement to end a protest by truck owners demanding higher freight rates.
Analysis: Soaring Battery Costs Fail To Cool Electric Vehicle Sales
Apr 26, 2022 08:42 PM
Global EV sales in the first quarter jumped nearly 120%, according to estimates
Indian Refiners' March Crude Processing Rises 6.4% Year-On-Year
Apr 26, 2022 08:41 PM
India's fuel demand rose to a three-year high in March as the market accumulated supplies foreseeing price spikes while easing COVID-related curbs boosted demand.
Oil Edges Higher On Concerns Over Russia, Libya Supply Disruption
Apr 26, 2022 08:32 PM
Oil prices rose on Thursday, buffeted by concerns about tightened supply as the European Union (EU) mulls a potential ban on Russian oil imports that would further restrict worldwide oil trade.
Oil Steadies After Sharp Fall; Focus On China Growth
Apr 26, 2022 08:07 PM
Oil prices bounced as worries over China's fuel demand were soothed by the central bank's pledge to support an economy hit by renewed COVID-19 curbs.
Upcoming Launches
