Auto Industry News

Explainer - How Will Elon Musk Pay For Twitter?
Musk bought himself some time, after a judge accepted the billionaire's request to halt a Twitter lawsuit to allow him to close his proposed $44 billion buyout of the social media company.

Putin Orders Seizure Of Exxon-Led Sakhalin 1 Oil And Gas Project
Oct 27, 2022 01:29 PM
Putin signed a decree that establishes a new operator for the Exxon Mobil Corp-led Sakhalin-1 oil and gas project in Russia's Far East.

Kremlin Welcomes Elon Musk Proposal For Ukraine Settlement Denounced By Kyiv
Oct 27, 2022 01:29 PM
The Kremlin praised Tesla boss Elon Musk for suggesting a possible peace deal to end the war in Ukraine.

Tesla's Logistical Challenges Overshadow Record Deliveries
Oct 27, 2022 01:28 PM
Tesla Inc on Sunday announced lower-than-expected electric vehicle deliveries in the third quarter, as logistical challenges overshadowed its record deliveries.

Tesla's Robot Waves But Can't Walk, Yet; Musk Plans To Make Millions Of Them
Oct 27, 2022 01:28 PM
Musk showed off a prototype of its humanoid robot 'Optimus', predicting the electric vehicle maker would be able to produce millions.

Biden Says U.S. Willing To Continue Talks With S.Korea On EV Subsidy
Oct 27, 2022 01:28 PM
President Joe Biden has expressed willingness to continue talks with South Korea over recent U.S. legislation that denies subsidies to most foreign makers of electric vehicles.

Indian Refiners Scout For Oil Deals Ahead Of EU Ban On Russian Crude
Oct 27, 2022 01:28 PM
Indian state refiners plan to lock-in more of their crude supplies in term deals, worried that tighter Western sanctions on Russia.

Foxconn Shares Rise After Offering Cautiously Optimistic Q4 Outlook
Oct 27, 2022 01:27 PM
Foxconn's shares rose 3% after the company said it was "cautiously optimistic" about its fourth-quarter revenue outlook.

Stellantis Boss Expects Chip Supply To Remain 'Complicated' Until End 2023 
Oct 27, 2022 01:27 PM
Tavares expects the semiconductor supply chain to remain tight until the end of next year.

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