Auto Industry News

Magna is investing $77 million in India's EV startup Yulu to enter the micromobility market.

Oil edged up 1% as an international energy watchdog expects an increase in gas-to-oil switching due to high prices this winter.

Musk accused Twitter of fraud by concealing serious flaws in the social media company's data security.

Compass Minerals will use a lithium extraction technology developed by EnergySource Minerals LLC to produce the electric vehicle battery metal for Ford & others.

Indian shares dropped nearly 2% to register a weekly decline, dragged by a sharp fall automobile stocks.

Ecuador reached a preliminary agreement with indigenous groups to declare a temporary moratorium on 16 oil blocks, Energy and Mining Minister Xavier Vera said, a turning point in negotiations aimed at staving off renewed street protests.

Oil prices settled higher, shaking off weaker demand expectations as supply concerns mount heading into the winter.

The Indian rupee trimmed early gains against the U.S. currency on Thursday, weighed down by dollar demand from importers and oil companies.