Latest News

Mercedes-Benz had cut prices on some of its EQE and EQS models in China due to changing market demand for top-end electric vehicles.

India's oil minister urged the OPEC+ alliance of oil producers to bear in mind the impact of their upcoming decision.

Haitian police have taken control of a fuel terminal that had been blockaded by armed gangs since September.

The Indian rupee chalked up its tenth straight monthly fall after slipping versus the dollar, on concerns over oil prices and in line with losses in most other Asian currencies.

India's top fuel retailer Indian Oil Corp will marginally cut petrol and diesel prices from Tuesday.

Oil prices fell on expectations that U.S. production could rise and as weaker economic data out of China and the country's widening COVID-19 curbs weighed on demand.

Japan will ask the United States to be more flexible on EV purchase incentives for non-American carmakers.

The chief of Volkswagen's Spanish unit SEAT said the subsidies offered by Spanish authorities for a battery factory construction and electric vehicle production "is not sufficient", but voiced optimism about finding a solution.