Auto Industry News

Decades-high inflation, rising energy bills in Europe and signs of a weakening China market have raised doubts among some analysts about whether Tesla can buck an economic slowdown and continue to raise prices without hurting its sales.

Brent crude futures settled down 1.7%, to $90.03 per barrel, while U.S. West Texas Intermediate (WTI) crude settled down 3.1%, to $82.82 per barrel on Tuesday

As per federal data, Tesla topped registrations of battery-electric vehicles in Germany in the first nine months of this year at nearly 38,500 beating the Volkswagen brand by around 6,000 vehicles.

The automaker has already announced two joint-venture battery plants - one in Indiana and the other in Canada.

BYD's combined sales of pure electric and hybrid plug-in vehicles increased 250% in the first nine months to 1.2 million units.

The transport push entails replacing its diesel-fuelled buses with 450 electric ones, under a 500 million crown ($47 million) programme

Indian car makers have proposed cutting to 30% the tax rate on imported cars as part of a trade deal with Britain.

Amazon set to stop live tests of its automated delivery robot "Amazon Scout".