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Auto · 28 Apr 2022
Northvolt, Volvo Cars Pick Gothenburg For New Battery Plant
Volvo Cars and Northvolt would form a joint venture to develop batteries, including setting up a gigafactory for production and research and development centre.
Auto · 28 Apr 2022
U.S. Oil Busts Through $90/Bbl For First Time Since 2014
Global benchmark Brent crude settled at $91.11 a barrel, up $1.64, or 1.8%, while West Texas Intermediate crude soared $2.01, or 2.3%, higher to end at $90.27 a…
Auto · 28 Apr 2022
China NEV Sales Drop 18.6% In January After Subsidy Cut
China has ambitious goals in promoting NEVs as part of efforts to curb air pollution and believes the industry has matured enough to be driven by demand rather…
Auto · 28 Apr 2022
Analysis-Musk’s Tweets Fuel Mining Industry’s Hopes Of A Buyout By Tesla
Elon Musk's recent musings that high lithium prices may force Tesla Inc to make its own supply of the electric vehicle battery metal have fueled hopes by some…
Auto · 28 Apr 2022
Oil Prices Fall 5% After IMF Cuts Growth Outlook
Oil prices were down about 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) cut its economic growth forecasts and warned of…
Auto · 28 Apr 2022
China Lockdowns Raise Earnings Risk For Chip Firms, Automakers, Industrials
Industrial firms including GE, chipmakers such SK Hynix and automaker Mercedes Benz warned that China's strict COVID-19 curbs were intensifying supply chain disruptions and raising uncertainty about the…
Auto · 28 Apr 2022
Tata’s Air India Proposes To Buy AirAsia India
Tata Group-owned Air India has proposed to buy the entire equity share capital of low cost carrier AirAsia India, in which Tata has a majority stake, to merge…
Auto · 28 Apr 2022
Oil Rises On News EU May Phase In A Ban On Russian Oil Imports
Oil prices settled higher after an early decline as investors covered short positions ahead of the long weekend and on news that the European Union might phase in…
Auto · 28 Apr 2022
Uber’s Mideast Unit Says It’s In Talks With Saudi To Ease Ride-Hailing Restrictions
Uber Technologies Inc's subsidiary in the Middle East, Careem, says it is in talks with authorities in Saudi Arabia to ease restrictions, including those that have limited driver…
Auto · 28 Apr 2022
India’s Russian Oil Purchases Since Ukraine Invasion More Than Double 2021 Total
India has bought more than twice as much crude oil from Russia in the two months since its invasion of Ukraine as it did in the whole of…