Auto Industry News
Need For Speed: What Makes Formula One Cars So Fast?
If you are an F1 fanatic, then you surely have a need for speed. These cars run fiercely and are much faster than our everyday passenger cars. This exciting sport has a huge fan following, and we all know why.
Crude Prices Edge Lower, Though Supply Concerns Still Dominant
Jan 23, 2022 11:19 PM
The global benchmark rose to $89.17 on Wednesday, its highest level since October 2014; the benchmark is up 13% on the year so far.
Qualcomm Inks Car Chip Deals With Volvo, Honda And Renault
Jan 23, 2022 11:04 PM
Qualcomm Corp announced deals to supply chips to automakers Volvo Group, Honda Motor Co Ltd and Renault SA, accelerating its push to partner with legacy automotive firms digitizing their product lines.
India's HPCL To Raise Iraqi Oil Imports By 45% In 2022: Report
Jan 23, 2022 10:52 PM
The refiner will buy 3.2 million tonnes or about 64,000 barrels per day (bpd) from Iraq this year, up from 44,000 bpd in 2021.
Self-Driving Sensor Maker Luminar Shares Rally On Mercedes-Benz Tie-Up
Jan 23, 2022 10:29 PM
Luxury carmaker Mercedes-Benz will partner with self-driving sensor maker Luminar Technologies Inc to enable fully automated driving on highways for its next-generation vehicles.
Indian Oil To Invest $944 Million On Gas Sales Network In Nine New Areas
Jan 23, 2022 10:23 PM
IOC said it has obtained nine licences to sell gas to households, automobiles and small industries, representing about a third of the demand potential in 61 geographical areas in various states that were recently auctioned by the Petroleum and Natural Gas Board.
Indian Refiners' Throughput Recovery Loses Steam In December
Jan 23, 2022 10:17 PM
Indian refiners operated at an average rate of 101.2% in December, below November's 104.6%, but up from 99.1% in the same month last year, data showed.
OPEC's Share Of Indian Oil Imports Falls To Lowest In At Least 15 Years
Jan 23, 2022 10:10 PM
India's crude imports rebounded 3.9% to 4.2 million barrels per day (bpd) in 2021, the data showed, but remained below pre-pandemic levels in 2019.
Vietnam Car Maker VinFast To Build U.S. Battery Factory As It Goes All-Electric
Jan 23, 2022 09:58 PM
VinFast is betting big on the U.S. market, where it hopes its electric SUVs and a battery leasing model will be enough to tempt consumers away from the likes of Tesla and General Motors.
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