The United States, as the world’s largest oil consumer, is entering its peak summer consumption period.
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INDUSTRY NEWSLatest News
South Korea’s SK Group considers asset sales, mergers as part of major overhaul
Despite the challenges, SK Group continues to view batteries as a long-term growth area.
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In May, India and China emerged as the primary importers of Russian fuel oil and vacuum gasoil, reflecting a significant realignment in global energy trade …
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INDUSTRY NEWSLatest News
Ford recalls over 550,000 F-150 pickups in the U.S. due to transmission issues
by Biplab Dasby Biplab DasFord Motor Company has announced a significant recall of over 550,000 pickup trucks in the United States. The recall addresses a critical issue where the …
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INDUSTRY NEWSLatest News
Tesla initiates dual recalls for Cybertruck, addressing windshield wiper and exterior trim concerns
Tesla recalls over 11,000 Cybertrucks due to potential windshield wiper failures and improperly attached exterior trim, highlighting ongoing challenges for the innovative electric pickup.
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INDUSTRY NEWSLatest News
Stellantis threatens to halt UK production amidst EV mandate concerns
by Biplab Dasby Biplab DasMaria Grazia Davino, Stellantis’s top executive in the UK, emphasised the urgency of the situation, suggesting a decision on the future of the company’s UK …
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Michelin confirms discussions with Tesla to test its innovative Uptis airless tyres on electric vehicles, potentially revolutionising automotive safety and sustainability.
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A catastrophic fire and explosions at a lithium battery factory in Hwaseong, South Korea, resulted in 22 fatalities, predominantly Chinese workers.
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INDUSTRY NEWSLatest News
Continental expands TPMS production in India to meet rising demand
by Biplab Dasby Biplab DasThe new line, launched with an initial capacity of 3.3 million wheel units per year, reflects Continental’s commitment to advancing vehicle safety and supporting local …
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INDUSTRY NEWSLatest News
Study reveals gaps in tyre maintenance among rideshare drivers
by Biplab Dasby Biplab DasAccording to the survey, while over 80% of rideshare drivers recognise the importance of safety for their passengers, only 34% consider themselves highly knowledgeable about …