Auto Industry News

Gotion High Tech and Our Next Energy (ONE) will open separate, new electric-vehicle battery plants worth a combined $4 billion in Michigan.

Stellantis warned that rising interest rates aimed at fighting soaring inflation risked slowing economic growth.

Russia can access enough tankers to ship most of its oil beyond the reach of a new G7 price cap.

Uber has launched a new advertising division as the ride-hailing firm looks to diversify its revenue sources through tie-ups with brands and marketers.

Reliance reported a flat profit for the second quarter, as export taxes on refined fuels and weak refining margins weighed down the dominant oil-to-chemical business.

Oil prices were near flat during a choppy trading session on Thursday, as worries about inflation dampening demand for oil contended with news that China is considering easing COVID-19 quarantine measures for visitors.

Chief Executive Elon Musk told analysts on a conference call there was excellent demand in the fourth quarter, addressing investors' concerns that buyers could be discouraged by the weak global economy and high prices for Tesla vehicles.

The world's largest battery maker, which supplies one of every three electric vehicles, has been considering opening new plants in the United States and Mexico since earlier this year