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Auto · 25 Dec 2022
Oil Muted As Price Cap Proposal Eases Supply Concerns
A bigger-than-expected build in U.S. gasoline inventories and widening COVID-19 controls in China also added downward pressure on crude prices.
Auto · 25 Dec 2022
U.S. Senator Manchin Says Treasury Should Limit Commercial EV Tax Credit Use
The $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, angering South Korea, the…
Auto · 25 Dec 2022
Berkshire Hathaway Sells $34.4 Million Worth Of Shares In China’s BYD
The sale lowered Berkshire’s holdings in BYD’s total issued H-shares to 14.95%
Auto · 24 Dec 2022
U.S Says G7 Should Soon Unveil Price Cap Level On Russian Oil, Adjust Regularly
The Group of Seven nations should soon announce the price cap on Russian oil exports and the coalition will probably adjust the level a few times a…
Auto · 24 Dec 2022
Chinese Dealers Seek Compensation Over Stellantis Jeep Failure
Stellantis is overhauling its strategy in China after agreeing to file for bankruptcy of its Jeep joint venture with local partner Guangzhou Automobile Group (GAC) in October.
Auto · 24 Dec 2022
OPEC+ Switch To Virtual Meeting Signals Policy Roll-Over Ahead Of Russian Oil Price Cap: Report
A virtual meeting puts the focus on the pending European Union deal over the price cap on Russian oil, as well as a Dec. 5 deadline imposed…
Auto · 24 Dec 2022
Kosovo, Serbia Reach Deal To End Dangerous Dispute Over Car Plates -EU
Kosovo and Serbia reached a deal on Wednesday to end a nearly two-year dispute over car licence plates in northern Kosovo, which the West had warned could…
Auto · 24 Dec 2022
South Korea’s Yoon Ready To Offer ‘Tailored’ Benefits To Attract Tesla Gigafactory: Report
Yoon held a video call with Tesla Chief Executive Elon Musk last week and Yoon’s office cited Musk as saying South Korea is among the top candidate…
Auto · 24 Dec 2022
Oil Up On China COVID Hopes, But OPEC+ Output Concerns Offset Gains
Oil rose on Tuesday on expectations for a loosening of China’s strict COVID-19 controls, but concerns that OPEC+ would keep its output unchanged at its upcoming meeting…
Auto · 24 Dec 2022
EU Inches Towards Deal On Russian Oil Price Cap This Week
The deadline for a deal is Dec. 5 because that is when the EU’s own full embargo on purchases of Russian seaborne oil, agreed at the end…