Auto Industry News
Musk Reverses Course, Again: He's Ready To Buy Twitter, Build 'X' App
Billionaire Elon Musk is proposing to proceed with his original $44 billion bid to take Twitter Inc
Oil Prices Rise 1% On Cuts To OPEC+ Output Targets
Oct 15, 2022 11:11 PM
Oil prices rose about 1% holding at three-week highs after OPEC+ agreed to tighten global supply with a deal to cut production targets by 2 million barrels per day (bpd).
India's Fuel Demand Slips To 10-Month Low In September
Oct 15, 2022 09:00 PM
India's monthly fuel demand in September was at the lowest since November 2021.
Oil Jumps 4% To 5-Week High Lifted By OPEC+ Output Cut
Oct 15, 2022 08:45 PM
Oil prices jumped about 4% to a five-week high, lifted again by an OPEC+ decision this week to make its largest supply cut since 2020 despite concern about a possible recession and rising interest rates.
Twitter Surges As Musk Proposes Going Through With Deal
Oct 15, 2022 08:39 PM
Twitter Inc's stock surged after billionaire Elon Musk proposed to go ahead with his takeover of the social media platform at $54.20 per share.
Tesla Will Not Start German Mass Battery Production Before 2024 - Report
Oct 15, 2022 06:09 PM
Tesla will not start mass production of battery cells at its European gigafactory near Berlin before 2024.
Oil Prices Fall More Than 3% On Recession Worries
Oct 15, 2022 05:52 PM
Oil prices plummeted more than 3% on Friday as global recession fears and weak oil demand, especially in China, outweighed support from a large cut to the OPEC+ supply target.
Mercedes-Benz And Microsoft Collaborate On Supply Chain Data Platform
Oct 15, 2022 04:36 PM
Mercedes-Benz and Microsoft announced a partnership intended to improve production efficiency at over 30 passenger car plants globally
India Passenger Vehicle Sales Nearly Double In September
Oct 15, 2022 04:29 PM
Passenger vehicle sales for September in India nearly doubled to 307,389 units from a year ago.
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