Auto Industry News

In addition to holding up banners and chanting slogans, four out of the near dozen protesters glued their hands to a few supercars and smeared black paint on their bonnets. This included a Ferrari Testarossa worth $180,000.

Sales of passenger vehicles went up by nearly a tenth in in the two days of Dhanteras.

Oil rose by nearly $3 a barrel on expectations of a large cut in crude output from the OPEC+ producer group and as a weaker U.S. dollar made oil purchases less expensive.

Lyft is increasing the service fee its U.S. riders pay directly to the company to cover higher insurance costs.

Foxconn said it hopes to one day make cars for Tesla as it ramps up EV manufacturing, in a strategy to diversify its business.

Hyundai will break ground on a $5.54 billion electric vehicle and battery plant in the United States, as South Korea's biggest automaker grapples with an uncertain outlook for its EV sales in its top market.

Oil settled lower in choppy trade as data showing demand from China remained lackluster in September and a strong U.S. dollar weighed.

Oil prices rose as the U.S. dollar eased against major peers.