Auto Industry News
India's Fuel Demand Slips To 10-Month Low In September
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.
Bajaj Auto Tops Q2 Profit Estimates On Higher Prices, Domestic Demand
Oct 15, 2022 04:21 PM
Bajaj Auto reported a bigger-than-expected rise in second-quarter profit.
Audi India Inaugurates New Pre-Owned Car Facility In Lucknow
Oct 14, 2022 10:10 PM
Audi India inaugurated its 19th pre-owned car facility in Lucknow, Uttar Pradesh.
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