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Auto · 27 Oct 2022
Hyundai’s Air Taxi Unit Picks Honeywell As Avionics Supplier
Under the collaboration, Honeywell will work with Supernal, Hyundai’s U.S.-based eVTOL firm, to explore integration of the aerospace supplier’s ‘Anthem’ flight deck into the air taxis, which are…
Auto · 27 Oct 2022
Long Petrol Queues In Tunisia Stir Anger After Promise Of Fuel Deliveries
Many petrol stations started running out of fuel over the weekend as imports slowed and national supplies dropped, leading to lines of cars stretching kilometres in some…
Auto · 27 Oct 2022
Battery Maker Envision AESC Seeking Potential Investors To Fund Expansion
Japan-based Envision Automotive Energy Supply Corporation (AESC) is also in talks with automakers in Japan, Europe, the United States and China for new supply deals, its chief…
Auto · 27 Oct 2022
Oil Settles Lower On China COVID Flare-Up, Recession Fear
World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva warned on Monday of a growing risk of global recession and said inflation remained…
Auto · 27 Oct 2022
Iran Toughens Crackdown As Some Oil Workers Reported To Join Protests
Protests have swept Iran since Mahsa Amini, a 22-year-old from Iran’s Kurdish region, died on Sept. 16 while being held for “inappropriate attire”, marking one of the…
Auto · 27 Oct 2022
Oil Falls By Nearly 2% As Recession Fears Outweigh Tight Supply Prospects
Oil prices fell amid comments from U.S. Federal Reserve officials about rising interest rates and their effect on the economy.
Auto · 27 Oct 2022
Benchmark Yield At Near 4-Month High On Spike In U.S. Yields, Oil
<img src="” title=”Benchmark Yield At Near 4-Month High On Spike In U.S. Yields, Oil” /> The high oil prices have a direct impact on inflation in India, one…
Auto · 27 Oct 2022
BMW Invests $1.7 Billion To Build Electric Vehicles In U.S
BMW said it was making a new $1 billion investment in its Spartanburg, South Carolina plant to prepare for EV production and will spend $700 million on…
Auto · 27 Oct 2022
Slovakia’s InoBat Eyes Electric Car Battery Plant In Spain
<img src="” title=”Slovakia’s InoBat Eyes Electric Car Battery Plant In Spain” /> The declaration is not a finalised agreement and other locations, including the United Kingdom, remain under…
Auto · 27 Oct 2022
Ukraine To Impose Electricity Supply Restrictions
Ukraine has started restricting electricity supplies across the country after Russia knocked out more power plants.