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  • Mercedes Set To Invest Billions In e-Vehicles Plants

    Mercedes Set To Invest Billions In e-Vehicles Plants

    ReutersBy Reuters•Mar 21, 2023 11:17 AM•2 mins read

    Mercedes has said it will be ready to go electric by the end of this decade, where market conditions allow.

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  • Ferrari Reports Cyber Incident With Ransom Demand; No Impact To Operations

    Ferrari Reports Cyber Incident With Ransom Demand; No Impact To Operations

    ReutersBy Reuters•Mar 21, 2023 11:12 AM0

    Ferrari said it notified its customers of the potential data exposure and the nature of the incident.

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  • Charging EVs Can Cost $1,800 More Annually On UK Streets Than At Home - Analysis

    Charging EVs Can Cost $1,800 More Annually On UK Streets Than At Home - Analysis

    ReutersBy Reuters•Mar 21, 2023 11:06 AM0

    European and U.S. cities planning to phase out combustion engines over the next decade or so first need to plug a charging gap for tens of millions of residents who park their cars on the street.

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  • Oil Snaps Declining Streak As Saudi, Russia Meeting Calms Markets

    Oil Snaps Declining Streak As Saudi, Russia Meeting Calms Markets

    ReutersBy Reuters•Mar 18, 2023 12:57 PM•2 mins read

    As per reports, both countries remain committed to OPEC+'s decision last October to cut production targets by two million barrels per day until the end of 2023

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  • Volkswagen Lays Out Details Of Planned Affordable Electric Car

    Volkswagen Lays Out Details Of Planned Affordable Electric Car

    ReutersBy Reuters•Mar 18, 2023 11:23 AM•1 min read

    The car with a 450-km range (280 miles), to launch in Europe by 2025, will be the first on Volkswagen's modular electric platform to feature front-wheel drive

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  • Volkswagen: No Rush To Decide On New European Battery Plants

    Volkswagen: No Rush To Decide On New European Battery Plants

    ReutersBy Reuters•Mar 18, 2023 10:34 AM0

    The carmaker is still targeting 240 gigawatt hours of battery cell production capacity in Europe but could do this with fewer than the originally planned six plants

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  • Oil Regains Some Ground After Credit Suisse Lifeline

    Oil Regains Some Ground After Credit Suisse Lifeline

    ReutersBy Reuters•Mar 16, 2023 06:59 PM0

    Brent crude futures were up 54 cents, or 0.7%, while West Texas Intermediate crude futures rose 43 cents, or 0.6%.

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  • Oil Slumps Nearly 5% To Lowest In More Than A Year As Banking Fears Mount

    Oil Slumps Nearly 5% To Lowest In More Than A Year As Banking Fears Mount

    ReutersBy Reuters•Mar 16, 2023 01:48 PM0

    Brent has fallen by more than 10% since Friday's close, while U.S. crude is down more than 14%.

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  • Silk-FAW Drops Plan To Build Italian Plant For Electric Sports Cars

    Silk-FAW Drops Plan To Build Italian Plant For Electric Sports Cars

    ReutersBy Reuters•Mar 16, 2023 10:53 AM0

    The facility was part of a wider plan to invest more than a 1 billion euros ($1.1 billion) to build electric cars in Italy under the Hongqi brand.

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  • Volkswagen To Invest $193 Billion Over 5 Years To Help Meet EV Target

    Volkswagen To Invest $193 Billion Over 5 Years To Help Meet EV Target

    ReutersBy Reuters•Mar 14, 2023 01:14 PM0

    In the latest plan, 15 billion euros is ringfenced for battery plants and raw materials and 2 billion euros will be put toward a plant in North Carolina for its Scout brand.

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  • Tesla's Next-Generation Smaller Car To Operate Mostly Autonomously-Musk

    Tesla's Next-Generation Smaller Car To Operate Mostly Autonomously-Musk

    ReutersBy Reuters•Mar 14, 2023 12:39 PM0

    Elon Musk said that the next generation small car the company is working on would operate mostly in autonomous mode

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  • Oil Prices Fall 2% In Choppy Trade As Banking Fears Rattle Markets

    Oil Prices Fall 2% In Choppy Trade As Banking Fears Rattle Markets

    ReutersBy Reuters•Mar 14, 2023 11:52 AM0

    Brent crude futures settled down $2.01, or 2.4%, while U.S. West Texas Intermediate crude futures (WTI) dropped $1.88, or 2.5%,

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  • Musk, China's BYD Deny Report On Tesla Ending Battery Supply Cooperation

    Musk, China's BYD Deny Report On Tesla Ending Battery Supply Cooperation

    ReutersBy Reuters•Mar 14, 2023 11:36 AM0

    Both companies denied media reports that said the U.S. company was ending cooperation with BYD on battery supplies.

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  • Volkswagen Pauses On Europe Battery Plants, Awaits EU Response To IRA

    Volkswagen Pauses On Europe Battery Plants, Awaits EU Response To IRA

    ReutersBy Reuters•Mar 13, 2023 03:14 PM•2 mins read

    Volkswagen is waiting to hear what Europe's response to the U.S. Inflation Reduction Act before progressing with plans to build new battery plants in Europe

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  • India Jostles With China For April ESPO Crude From Russia, Prices Jump

    India Jostles With China For April ESPO Crude From Russia, Prices Jump

    ReutersBy Reuters•Mar 13, 2023 11:57 AM0

    For April, Indian refiners Reliance Industries Ltd and Nayara Energy have reportedly snapped up at least five of the about 33 ESPO crude cargoes due to low prices.

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  • India's February Fuel Demand Hits At Least 24 Year High

    India's February Fuel Demand Hits At Least 24 Year High

    ReutersBy Reuters•Mar 13, 2023 11:51 AM0

    Demand was the highest recorded in data compiled by the Indian Oil Ministry's Petroleum Planning and Analysis Cell (PPAC) going back to 1998.

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  • Czech Republic Calls Meeting To Challenge Car Emissions Laws

    Czech Republic Calls Meeting To Challenge Car Emissions Laws

    ReutersBy Reuters•Mar 13, 2023 09:17 AM•2 mins read

    Apart from the Czech Republic, those invited to attend the meeting are Finland, France, Germany, Hungary, Italy, Poland, Portugal, Romania, Slovenia, Slovakia and Spain

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  • India's Tata Technologies, A Unit Of Tata Motors, Files For IPO

    India's Tata Technologies, A Unit Of Tata Motors, Files For IPO

    ReutersBy Reuters•Mar 12, 2023 05:47 PM0

    Tata Tech, said it will not offer any of the 95.7 million shares, representing around 23.6% of its paid-up share capital, to be sold in the IPO

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  • Tesla Taps Asian Partners To Address 4680 Battery Concerns

    Tesla Taps Asian Partners To Address 4680 Battery Concerns

    ReutersBy Reuters•Mar 12, 2023 01:10 PM0

    The electric-vehicle maker is recruiting Chinese and Korean materials suppliers to help lower the cost and boost the energy of its newest battery cells

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  • Ford Set To Resume F-150 Lightning Production Next Week

    Ford Set To Resume F-150 Lightning Production Next Week

    ReutersBy Reuters•Mar 12, 2023 10:17 AM0

    The automaker had recalled 18 electric trucks due to a battery cell manufacturing defect.

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