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Benchmark: Russia’s invasion of Ukraine risks raising costs for Europe’s auto industry

Green Car Congress

Oil prices rose to a seven-year high above $100 a barrel, while palladium, used in catalytic converters, also hit a seven-month high. Prices for nickel, a key battery material, rose to their highest levels since 2011 this week following Russian president Vladimir Putin’s decision to send troops into Ukraine.

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GM Says Updated U.S. Emissions Rules Will Cost Auto Industry Billions in Fines

The Truth About Cars

During the meeting, GM estimated the auto industry as a whole could see penalties ranging from $1,300 to $4,300 per vehicle by 2031. According to Reuters , GM executive David Strickland met with White House Office of Management and Budget officials on July 17th to discuss the matter.

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JSW Group wants to disrupt auto industry, to create ‘Maruti movement’ with new energy vehicles – Sajjan Jindal | Autocar Professional

Baua Electric

Like 40 years ago, 1984, when Maruti came into India, it changed the auto industry. With inputs from Manobhava Baruah) The post JSW Group wants to disrupt auto industry, to create ‘Maruti movement’ with new energy vehicles – Sajjan Jindal | Autocar Professional appeared first on Bauaelectric Auto News.

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2024 trends in the auto industry promise a focused approach | Autocar Professional

Baua Electric

Likewise, the auto components industry also touched a new high. According to data shared by Automotive Component Manufacturers Association (ACMA), in FY23, the industry grew 32.8 The Crude-to-Chemicals processing will cause a significant transformation in the oil and gas sector. percent to clock a turnover Rs 5.60

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Big oil gears up for ‘shift to e-mobility’ with latest EV charging company buyout

Electrek

As the auto industry moves to fully electric vehicles, big oil companies are looking to keep their share of the wealth. In the latest news, oil giant Shell is buying out EV charging and media company Volta.

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Tesla’s Elon Musk predicts peak oil demand within next 5 years

Teslarati

Over the years, Musk has clarified on Twitter that he actually supports solutions such as nuclear energy, and amidst the Russia-Ukraine war, the CEO highlighted the need for greater oil and gas output. In a recent response on Twitter, Musk predicted that the use of oil and gas would likely peak within the coming years.

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Ford, BASF partner to deliver auto industrys first castor oil-based foam in the 2012 Focus

Green Car Congress

Ford and BASF have teamed up to develop a sustainable, plant-sourced castor oil-based foam product for the 2012 Ford Focus instrument panel. The new castor oil-based foam is significantly more durable than the previously used material, with a 36% better tensile strength (a measure of the foam’s ability to hold its shape over time and use).

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