Auto Industry News
Automakers Idle Production Following Russia's Invasion, Other Firms Also Scramble
The invasion was a factor in consulting firms J.D. Power and LMC Automotive slashing their 2022 global new-car sales outlook by 400,000 vehicles to 85.8 million units. The auto industry had already been dealing with a tight supply of vehicles due to the global semiconductor shortage.
Ford To Halt F-150 Pickup Production On Semiconductor Shortage: Report
Feb 26, 2022 04:35 AM
Ford will temporarily halt the production of the F-150 pickup at its Kansas city assembly plants due to a shortage in semiconductors.
Jeep To Launch Two New SUVs In India To Boost Sales
Feb 26, 2022 04:28 AM
Jeep will launch the Meridian, a mid-size, three-row SUV, that will be made in India, and the Grand Cherokee, which it will assemble in the country - a move the company expects will allow it to price its vehicles more competitively.
Ola Electric Plans 50Gwh India Battery Plant In EV Push: Report
Feb 26, 2022 04:21 AM
Ola will need 40Gwh of battery capacity to meet its annual target to produce 10 million electric scooters and the remainder will be for electric cars, which it plans to manufacture in the future, said the person who has knowledge of the plans.
India's IOC Buys First Russian Urals Crude In 2 Years After Prices Slump
Feb 26, 2022 04:00 AM
Indian Oil Corp, the country's top refiner, has bought Russian Urals crude for the first time in two years, after spot differentials slumped, according to trade sources and Refinitiv data.
India's Refinery Throughput Stays Firm With Strong Recovery In Sight
Feb 26, 2022 03:54 AM
Initial government estimates show that India's fuel demand is likely to grow 5.5% in the next fiscal year beginning April 1, reflecting a pick-up in industrial activity and mobility in Asia's third largest economy.
Russian Carmaker Avtovaz May Suspend Some Assembly Lines On Monday Due To Components Shortage
Feb 26, 2022 03:41 AM
Russia's biggest carmaker Avtovaz may suspend some assembly lines at its Togliatti plant in central Russia on Monday for a day due to a persistent global shortage of electronic components.
Jeep To Launch Two New SUVs In India To Boost Sales
Feb 26, 2022 03:16 AM
Jeep, which has less than a 1 per centshare of India's car market, said last year it would invest $250 million to launch four SUVs in a country where rivals Hyundai Motor and Kia Motor dominate the segment with more affordable vehicles.
Global Chip Sales Hit Record In 2021, Will Grow 8.8 Per Cent In 2022 -SIA
Feb 26, 2022 01:34 AM
Sales in 2020 grew 6.8% over the prior year, while 2021 was the first year since 2018 that the number of chips sold exceeded 1 trillion.
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