API welcomes OPEC+ agreement to cut global oil production
"We welcome today’s announcement of an agreement by other producing nations to follow the lead of the global marketplace – and U.S. producers – to reduce supply to align with lower energy demand as result of the pandemic. ... Continue reading
New Engine Oil Standard for Passenger Vehicles Takes Effect
“The new engine oil standard was developed in close consultation with the auto industry, lubricant marketers and additive suppliers to meet the demands of today’s engines,” ... Continue reading
China auto sales likely rose in April, ending almost two years of decline SHANGHAI, May 7 2020; Yilei Sun and Brenda Goh reporting for Reuters said that vehicle sales in China likely rose in April from a year earlier, its top auto industry body said on Thursday, ending almost two years of declines and signalling that t ... Continue reading
China's Sedan Brand Hongqi To Produce Super Sports Model
2020/04/30 Hongqi, a brand under China's leading automaker FAW Group, announced that it will set up a joint venture with SILK EV LLC from the United States to manufacture its first super sports model. Via a video conference on Thursday, the municipal government of the northeastern Chinese city of Changchun, FAW and SIL ... Continue reading
IAI To Produce, Market Zibar Offroad Vehicles
IAI acquires the manufacturing operations of the Zibar offroad tactical vehicle, designed and built by Israeli offroad entrepreneur Ido Cohen. The Z family activities being acquired include the Zibar, Zmag – a light version of the platform, and ZED – the armored off-road vehicle. ... Continue reading
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