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Oil skids as oversupply fears pile up with US inventories growth
TOKYO: Global crude oil prices slid further on Wednesday, following their biggest-ever quarterly and monthly losses, as a bigger-than-expected rise in U.S. inventories and a widening rift within OPEC heightened oversupply fears.
National carmakers still drive sales in February
PETALING JAYA: National carmakers continued to drive sales in February, despite the market adopting a cautious stance in light of the growing Covid-19 pandemic.
Auto sector shifting gears
PETALING JAYA: As the world grapples with the Covid-19 crisis, many automotive firms across the globe have shut down their operations in tandem with the nationwide lockdown of their respective countries.
Army joins the production line as ventilator makers scramble to meet demand
ZURICH (Reuters) - On March 6, Gianluca Preziosa, the head of an Italian ventilator maker, received an urgent request. The Italian authorities wanted his help for an all-out effort to meet a desperate need for ventilators.
Driverless cars have arrived, and they all look like loaves of bread
Do automakers investing billions in the self-driving cars of tomorrow risk repeating the same mistake they made with electric cars a decade ago?
Spain declares emergency as coronavirus shuts down parades, schools, shops
MADRID (Reuters) - Major Spanish regions shut shops, bars and restaurants, car plants ground to a halt and Easter parades were cancelled as Spain prepared to enter a 15-day state of emergency on Friday, in a sharp escalation of its fight against the coronavirus.
VW plans to tap electric car batteries to compete with power firms
Volkswagen's expansion in electric cars will open up new business opportunities in storing and managing energy, encroaching on business currently dominated by utilities and energy firms.
Restart revs up China's automobile firms
WUHAN (China Daily/ANN): Carmakers and auto suppliers in Wuhan, capital of Hubei province, are resuming operations gradually after a hiatus of nearly 50 days, as the novel coronavirus outbreak appears to be receding in the city hit hardest by the epidemic.
RM240k worth of smuggled booze seized in Sandakan
KOTA KINABALU: The 20th Batallion General Operation Force (GOF) Tiger Platoon seized smuggled booze estimated to worth RM240,350 (after tax) during a raid in Sandakan on Tuesday (March 10).
Vehicle sales expected to grow 9% this year
PETALING JAYA: The Malaysia Automotive Robotics and IoT Institute (MARii), an agency under the International Trade and Industry Ministry, has forecast total industry volume (TIV) to grow 9% to 610,000 units this year despite scepticism that the local automotive industry will be affected by the current weak market sentiment.