October 22, 2024 Latest Automotive News
London, (Oilandgaspress) ––In September 2024, petrol car sales dropped by 17.9%, with all four key markets recording double-digit declines: France (-31.9%), Italy (-23.3%), Germany (-15.2%), and Spain (‑10.7%). Petrol cars now represent 29.8% of the market, down from 34% in the same month last year. The diesel car market saw a decline of 23.5%, resulting in a 10.4% share of the market last September. Overall, decreases were observed in two-thirds of EU markets.as per data from the European Automobile Manufacturers Association (ACEA). Plug-in hybrid car registrations saw a decrease (-22.3%) last month, with declines recorded in all major markets. In September, plug-in hybrids accounted for 6.8% of the car market, down from 8.2% last year, with 54,889 units sold. Hybrid-electric registrations grew in September, rising by 12.5%. The market share now stands at 32.8%, up from 27.4% in September 2023, surpassing petrol. Read More
Hyundai’s award-winning IONIQ electric vehicles have each been awarded 2025 Top Picks by Cars.com as part of their updated EV Buying Guide. The 2025 IONIQ 6 was named the Top Pick, Electric Car and Top Pick, Value EV while, the 2025 IONIQ 5 was named Top Pick, 2-Row Electric SUV. Cars.com’s Top Pick EV awards showcase the best EVs in five categories: 2 and 3-Row Electric, Electric Car, Value EV and Luxury EV. Vehicles named Top Picks surpass all 2025 EVs tested by Cars.com’s editorial team of expert car reviewers. The IONIQ 5 and IONIQ 6 continue to outpace rivals with their fast-charging capabilities, vast interior space, eye-catching design and advanced technology.
“We continue to push the envelope with our EV technology, vehicle designs and commitments in providing customers with the content they desire in an electric vehicle like, best-in-class ultra-fast charging from 10 to 80 percent in just 18 minutes and driving ranges of 361 miles in the IONIQ 6,” said Olabisi Boyle, senior vice president, product planning and mobility strategy, Hyundai Motor North America. “Being the most awarded automaker in the Top Pick EV awards by Cars.com further attests to our Hyundai exclusive Electric-Global Modular Platform’s (E-GMP) success and the company’s commitment to electrification.” Read More
Hyundai Motor India Ltd. (HMIL), the Indian subsidiary of Hyundai Motor Company, has listed on the Indian stock market in a landmark Initial Public Offering (IPO) — the largest in India’s history. The event demonstrates Hyundai Motor’s commitment to enhancing transparency and expanding investment in India.
The IPO was marked with a formal ceremony at the National Stock Exchange (NSE) in Mumbai, attended by Hyundai Motor Group Executive Chair Euisun Chung, Hyundai Motor Company President and CEO Jaehoon Chang and other Hyundai Motor Company executives.
“We knew that India was the future. That is why we continuously increased investments, expanded our R&D capabilities and created more than 250,000 jobs,” said Chung, also adding, “We initiated various CSR activities and adopted ESG standards when few companies did.”
“As we move forward, HMIL will continue to embrace the highest standards in governance,” he stated. “Also, our commitment to localization will continue, based on the spirit of collaboration and shared growth. Our commitment to being a pioneer in future technologies will continue as well – right here in India,” Chung added to emphasize HMIL’s ongoing commitment to India. Read More
Hyundai Motor Group (the Group) Executive Chair Euisun Chung met with the Honorable Prime Minister of India, Shri. Narendra Modi. The two engaged in wide-ranging discussions on the future of mobility, with Executive Chair Chung underscoring the Group’s priority of working closely with India thanks to the country’s diverse market conditions and reformist approach.
Executive Chair Chung was in India to review the Group’s mid- to long-term strategy and attended the Hyundai Motor India Limited (HMIL) Stock Exchange Listing Ceremony on October 22, 2024.
Held at the Honorable Prime Minister’s office in Delhi, the meeting was also attended by Mr. Tarun Garg, COO – HMIL. They discussed the development of the Indian mobility industry and potential cooperation between India and Hyundai Motor Group.
Executive Chair Chung invited the Honorable Prime Minister to the opening of HMIL’s plant in Pune, Maharashtra. Investment in this factory will be game-changing for HMIL, supported by the Government of India and Government of Maharashtra.
HMIL will continue to play a key role in the “Make in India” initiative, and as India marches toward its ‘Viksit Bharat 2047’ vision – a strategy for the country’s development by the year 2047, coinciding with the 100th anniversary of India’s independence – Hyundai will stand as a trusted partner on this meaningful journey.
Since entering the Indian market in 1996, Hyundai Motor Group has become one of the top mobility companies in the country, offering innovative products and making significant social contributions.
Executive Chair Chung expressed his respect for India’s heritage and culture during the meeting. He said, “India’s rich history and culture continue to inspire people worldwide. As India and Korea deepen economic collaboration, we can learn much from each other’s cultures and strengthen the foundations of our cooperation.” Read full article
Nissan Formula E Team is proud to confirm that Alpine Academy drivers Sophia Flörsch and Abbi Pulling will join the team to take on the all-women Rookie Test in Valencia next month.
The squad is fully embracing this opportunity and has opted to participate with two rookies in the test, fielding a pair of promising young racing drivers.
German racer Flörsch has an impressive racing CV, competing in FIA Formula 3, European Le Mans Series and FIA World Endurance Championship, including three entries into the world famous 24 Hours of Le Mans.
Meanwhile, British driver Pulling has enjoyed an excellent 2024, becoming the first woman to win in British F4, while also leading F1 Academy, having taken seven wins in 10 races so far this season.
Flörsch and Pulling will be fully integrated into the team’s testing program, with the duo already working alongside the crew in its Paris workshop, along with gaining experience in the simulator.
The duo will hit the track in the afternoon session on Thursday 7 November at Circuit Ricardo Tormo in Valencia.. Read More
The 7th round of the 2024 SUPER GT series was held at Autopolis International Racing Course in Oita, Japan, on October 20.
After taking 1st and 2nd in qualifying and starting from the front row for the 3-hour race, the Nissan Z NISMO GT500 team led in a 1-2-3 formation into the middle stages of the race.
However, disruption resulting from the introduction of the safety car four times, saw the #23 Motul Autech Z (Katsumasa Chiyo/Ronnie Quintarelli) finish 2nd, and the #3 Niterra Motul Z (Mitsunori Takaboshi/Atsushi Miyake) take 3rd. The #12 Marelli Impul Z (Kazuki Hiramine/Bertrand Baguette), which started from 12th place, finished 5th. Read Press Release
Bentley has been working on a time machine, faithfully and painstakingly recreating its iconic Speed Six from 1930. It’s called a continuation, not a replica, which means Bentley used the same original design drawings, sourced the same materials, and employed the same techniques to build it as the automaker did nearly a century before.
This car has a history. In fact, Woolf Barnato (then the Bentley chairman and a three-time Le Mans race winner) made a bet that he could beat the Cannes-to-Calais Blue Train in his own Speed Six. Traveling across 570 miles with co-driver Dale Bourne, Bernato beat the train to Calais so soundly that he loaded his Speed Six onto a ferry and chugged across the English Channel, still arriving in London four minutes before the train got to Calais. The French police later fined the Bentley executive for racing on public roads–he averaged a blistering 43 miles per hour. Bentley says its classic Speed Six is one of the most important models in its history, as it was the winning car in the iconic Le Mans races in 1929 and 1930. The heart of the car is a 6.5-liter straight six engine designed by W.O. Bentley himself back in the 1920s and recreated exactly to the original specification, says Bentley’s Mike Sayer, head of product communications. Read more
The eFuel Story; eFuels (electric fuel) are synthetic, liquid fuels. They are produced from hydrogen obtained purely from renewable energy, and CO₂ (carbon dioxide), which can be filtered from the ambient air.
They provide a potentially CO2 near-neutral fuel that existing vehicles can use with no modifications, can also be used with existing fuel station infrastructure and also blended with traditional gasoline. Porsche, together with international partners and the Chilean operating company Highly Innovative Fuels (HIF) have established the Haru Oni pilot plant in Chile. The location was chosen because of the significant level of consistent strong winds that are harnessed to drive a wind turbine generating renewable electricity. In Chile the perfect conditions are available for 270 days a year – more than four times better than any suitable location in Europe.
The electricity from the wind turbine powers electrolysis that produces hydrogen from water. Biogenic CO2 is captured from brewing processes, ahead of the introduction next year of Direct Air Capture (DAC) to extract CO2 from the atmosphere. The gases are combined to produce methanol, which is then converted using methanol-to-gasoline synthesis to produce eFuel. The eFuel is then refined further to meet current filling station standards.
The target is to produce no more CO2 when burned than the amount required to produce the fuel originally and therefore closing the gap to 100 per cent well-to-wheel sustainability. The pilot plant in Chile is aiming to produce 100,000 litres per year, with the fuel being used for lighthouse projects to demonstrate the important step towards the further ramp-up of eFuel technology. Bentley is actively researching alternative fuels, including bio-derived fuels and eFuels, as part of its future strategy leading up to full electrification. Currently, all models in the Bentley range are compatible with renewable fuels, and the company is working on its long-term sustainability approach. Read More
2025 Mustang Mach-E adds a new standard heat pump, automatic lane changes using the latest version of available BlueCruise1 hands-free highway driving – BlueCruise 1.5 – and a new Sport Appearance Package, all at an appealing price point and with zero vehicle emissions.
“We’ve built strong relationships with our customers over the last four years, and continue to make upgrades based on their feedback,” said Donna Dickson, Mustang Mach-E chief engineer. “We’re dedicated to giving them the best version of Mustang Mach-E possible, and that means giving them features they have been asking for, like the new heat pump and more interior space up front.”
Ford continues to monitor forums and listen to customers to integrate their feedback into its products and to enhance the total electric vehicle ownership experience by offering the Ford Power Promise, which addresses customer pain points. BlueCruise 1.5, the latest version of the available hands-free highway driving system, debuts on the 2025 Mustang Mach-E. BlueCruise 1.5 includes a new feature, Automatic Lane Change, where the system can smoothly and seamlessly perform a lane change for you without driver input.
BlueCruise 1.5 will initiate a lane change if the vehicle ahead is slower than the set speed or if a vehicle is following too closely in the passing lane. It keeps drivers engaged longer in hands-free mode and helps navigate traffic. Internal testing shows BlueCruise 1.5 automates up to 45% of driver-initiated lane changes on a typical drive. Read Press Release
Italian coffee machine manufacturer La Marzocco is producing an espresso machine in collaboration with Porsche. This special edition of the Linea Micra portafilter model is limited to 911 units. It is available in two designs: in the original Porsche colour Slate Grey Neo or in the Martini Racing design. The latter pays tribute to the long-standing partnership between Porsche and Martini Racing. The design is inspired by the 911 Carrera RSR, with which Porsche won the legendary Targa Florio endurance race in Sicily in 1973. The espresso machine was presented on 21 October 2024 at an event at Soho Farmhouse in London (UK), at the launch of a pop-up café in Los Angeles, and a few days later at the Shanghai Coffee Festival. They are available in the Porsche Centres, in the Porsche online shop and in Porsche Design stores. Accessories include an electric coffee grinder from La Marzocco and matching espresso and cappuccino cups.. Read More
Andrea the robot on tour of the Mercedes-Benz Museum
Andrea the android was presented to the public at the Hochschule der Medien (HdM) on 7 December 2022. The robot comes from Japan and makes artificial intelligence (AI) tangible for everyone. This is one of the goals set by HdM’s Institute for Applied Artificial Intelligence (IAAI), which includes the “Humanoid Lab”, Andrea’s academic home. There, humanoid robots like Andrea are used to research new paths involving multimodal human-machine interaction. The institution deliberately opted for an androgynous android in order to find out how people react to different genders of robot. Andrea can sit upright and perform 52 upper body movements – from head and shoulders to hips. The face alone is able to move in 13 ways. Another goal: artificial intelligence (AI) should be made something to experience. Andrea can talk to visitors quite naturally. The robot speaks eight languages, including German, English, French, Italian and Spanish. For this, it uses a synthetic voice specifically generated by AI. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $71.78 | Up |
| Crude Oil (Brent) | USD/bbl | $75.47 | Up |
| Bonny Light 18/10/24 , CBN | USD/bbl | $75.51 | Up |
| Dubai | USD/bbl | $75.13 | Down |
| Natural Gas | USD/MMBtu | $2.35 | Up |
| Murban Crude | USD/bbl | $75.10 | Up |
| OPEC basket 21/10/24 | USD/bbl | $73.02 | Down |
Tata Motors, India’s largest commercial vehicle manufacturer, today announced the commencement of deliveries of the Tata Prima 5530.S LNG trucks to Clean Green Fuel and Logistics Pvt. Ltd, a leading green fuel retailing and logistics company. Tata Motors had received an order to supply 150 such trucks. The first batch of vehicles was handed over today at a specially organized ceremony in the city. Deliveries of the remaining Tata Prima 5530.S LNG trucks will be subsequently carried out, in a phased manner.
A Memorandum of Understanding to supply an additional 350 units of Prima 5530.S LNG was also signed between Tata Motors and Clean Green Fuel and Logistics Pvt. Ltd. The Tata Prima 5530.S LNG is powered by the fuel-efficient Cummins 6.7L Gas engine, delivering 280hp of power and 1100Nm of torque for exceptional performance. Robustly engineered, the vehicle is well suited for surface transportation and long-haul commercial operations. The premium Prima cabin enhances driver comfort, while features like Gear Shift Advisor further optimize fuel usage, improve efficiency and reduce operational costs. The Tata Prima 5530.S LNG is available in both single and dual fuel cryogenic tank options to suit distinct operational needs. Offering a range of over 1000km, the dual tank option offers an extended range and improved operational efficiency, making it ideal for long-haul operations. Furthermore, the truck comes equipped with Fleet Edge, Tata Motors’ flagship connected vehicle platform for efficient fleet management, enabling operators to further increase the uptime of vehicles and reduce the total cost of ownership. Read full article
Tata Motors, India’s largest commercial vehicle manufacturer, announced that it has received a prestigious order from the Uttar Pradesh State Road Transport Corporation (UPSRTC) to supply 1,000 units of the Tata LPO 1618 diesel bus chassis. The order was won by Tata Motors following a competitive e-bidding process conducted via the Government tendering process, and the bus chassis will be supplied in a phased manner as per mutually agreed terms.
This latest order follows the successful fulfilment of a similar, larger order of 1,350 bus chassis received last year, and which are currently running efficiently by the UPSRTC. Designed for safe intercity and long-distance travel, Tata LPO 1618 diesel bus chassis deliver superior performance and excellent passenger comfort with low Total Cost of Ownership (TCO). Tata Motors has been at the forefront of delivering advanced buses and public transportation solutions to various cities and states across India. Thousands of these buses operate successfully on the country’s roads, connecting urban and rural areas, facilitating comfortable and efficient daily travel for millions of citizens. Read full article
Baker Hughes Rig Count: U.S. -1 to 585 Canada -2 to 217
U.S. Rig Count is down 1 from last week to 585 with oil rigs up 1 to 482, gas rigs down 2 to 99 and miscellaneous rigs unchanged at 4.
Canada Rig Count is down 2 from last week to 217, with oil rigs down 1 to 153, gas rigs down 1 to 64 and miscellaneous rigs unchanged at 0.
International Rig Count is up 16 rigs from last month to 947 with land rigs up 15 to 735, offshore rigs up 1 to 212.
The U.S. Offshore Rig Count is unchanged at 18, down 6 year-over-year.
The Worldwide Rig Count for September was 1,751, up 15 from the 1,735 counted in August 2024, and down 8, from the 1,759 counted in September 2023.
| Region | Period | Rig Count | Change |
| U.S.A | 18 October 2024 | 585 | -1 |
| Canada | 18 October 2024 | 217 | -2 |
| International | September 2024 | 947. | +16 |
Unveiled at Monterey Car Week 2024, the Lamborghini Temerario(1) has become a new benchmark in the super sports car segment owing to its unrivaled performance features: not only the hybrid powertrain combining a twin-turbo V8 engine with three axial flow electric motors, delivering a total power output of 920 CV, but also the new approach to chassis design.
Rouven Mohr, Chief Technical Officer of Automobili Lamborghini, unmasks the new Temerario with a detailed description of the new multi-technology spaceframe chassis, designed to withstand the higher loads deriving from the hybrid power unit, combining excellent mechanical qualities with remarkable efficiency in weight reduction.
These technologies made it possible to minimize the constructional complexity of the spaceframe, while at the same time enabling a high level of functional integration of the hybrid powertrain. In fact, the number of structural components has been reduced by 50%, along with an 80% reduction of heat welds. The new construction archetype has led to a 25% increase in torsional stiffness compared to the previous generation spaceframe, making a significant contribution to the vehicle’s excellent driving dynamics.
(1) The vehicle is not yet offered for sale and is therefore not subject to Directive 1999/94/EC. The fuel consumption and emissions data is in the type approval stage Read full article
Hyundai Motor America and Children’s Hospital of Philadelphia (CHOP) recently held their third child passenger safety event. Since partnering in 2022, more than 1,400 car seats have been provided to families in need. To further support these ongoing efforts, Hyundai is donating an additional $50,000 to supply approximately 600 car seats for CHOP’s Child Safety Seat Program.
“Hyundai is dedicated to fostering a culture of safety that extends beyond our vehicles and into our communities,” said Cole Stutz, chief safety officer, Hyundai Motor North America. “Through our partnership with CHOP, we are proud to continue promoting child passenger safety and equipping families with the resources they need to protect their children on the road.”
During the recent event, certified Child Passenger Safety Technicians (CPST) educated parents and caregivers on the correct installation and use of car seats. These technicians also performed thorough safety inspections for expiration dates, manufacturer recalls, and proper fit. Families in need of new car seats were given replacements to ensure the utmost safety for their children. Read full article
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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