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Indian refiners are wary of buying Russia crude oil loading after Dec. 5 when European Union sanctions take effect, pending clarity on the proposed G7 price cap mechanism.

India's fuel consumption rose to its highest in four months in the festival month of October.

Lordstown Motors Corp has agreed a deal under which a Foxconn affiliate will invest up to $170 million in the EV maker.

Ride-sharing app Beat is withdrawing from Latin America to focus on its European operations.

Bosch sees a possible easing of the global chip shortage in the second half of 2023 if demand dips under the weight of inflation.

Tesla has considered plans for exporting made-in-China electric vehicles to the United States and Canada.

Panasonic will buy remanufactured battery cathode material from Redwood Materials beginning in 2025.

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.