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Auto · 30 Dec 2022
Ford Adds Work Crew At Michigan Plant As It Boosts Output Of EV Pickup
The U.S. automaker said it added 250 jobs in November at its Rouge plant in Dearborn, Michigan, as a result of the additional crew.
Auto · 30 Dec 2022
Oil Rises $3/bbl After Russia Signals Output Cut Due To Price Cap
Russia may cut oil output by 5% to 7% in early 2023 as it responds to price caps, the RIA news agency cited Deputy Prime Minister Alexander…
Auto · 30 Dec 2022
Oil Settles Lower In Light Trading On China Demand Concerns
Wednesday’s declines also followed three straight sessions of higher settlements on both crude benchmarks.
Auto · 30 Dec 2022
Hungarian Government Scraps Price Cap On Fuels As Shortage Worsens
Foreign players have cut fuel shipments to Hungary since the government capped the price of petrol and diesel at 480 forints ($1.22) per litre a year ago.
Auto · 30 Dec 2022
Oil Tank In Colombia’s Barranquilla Explodes Into Flames, One Dead
Operations at Barranquilla’s port were suspended until the fire is fully controlled, authorities added.
Auto · 30 Dec 2022
Faraday Future Targets April For EV Deliveries, Sees Fresh Funding
The Los Angeles-based company said it expects to start production of its FF 91 Futurist electric car at its manufacturing facility at the end of March 2023.
Auto · 30 Dec 2022
Tesla Plans To Announce Mexico EV Plant Soon – Report
It is unclear what models Tesla would produce in the Mexican factory or when it would begin production
Auto · 30 Dec 2022
Indonesia To Offer $5,000 Subsidy On Electric Car Sales
A subsidy of around 80 million rupiah ($5,131) will be offered on every sale of an electric car, 40 million rupiah on hybrid cars and 8 million…
Auto · 30 Dec 2022
Volkswagen And Italy’s Enel Launch Joint Venture For High-Speed Charging
Volkswagen operates partnerships in Europe with BP and Spain’s Iberdrola and is a shareholder in fast-charging venture Ionity with rival carmakers BMW, Mercedes-Benz, Ford and Hyundai.
Auto · 30 Dec 2022
Volkswagen Expects Difficult 2023 For Financial Services Unit
The financial unit is still benefiting from high prices for used cars and lower costs for credit and residual value risks in the current year.