Auto Industry News

A bulk carrier that collided with an LNG tanker off Gibraltar started leaking fuel oil, authorities in the British overseas territory on the southern tip of the Iberian peninsula said.

Elon Musk is seeking to delay until November a trial over his intention to back out of a $44 billion deal to buy Twitter Inc and amend his complaint against the social media company, according to court filings, after a whistleblower provided him with fresh ammunition.

The chairman of Russia's second-largest oil producer Lukoil, died after falling from a hospital window in Moscow, two sources familiar with the situation said, becoming the latest in a series of businessmen to meet with sudden unexplained deaths.

Two advisers to Ukrainian President Volodymyr Zelenskiy have asked French oil major TotalEnergies to reject a 440 million euro ($438.02 million) "blood money" dividend from one of its Russian holdings or to spend the money on Ukrainian reconstruction.

Oil prices tumbled more than 3% on, as new COVID-19 lockdown measures in China added to worries that high inflation and interest rate hikes are denting fuel demand.

Gasoil sales by Indian state retailers in August fell from a month earlier as monsoon rains restricted mobility.

China has said that automakers must apply for licences to collect geographic data using sensors on their intelligent vehicles.

Musk has sent an additional letter of deal termination to Twitter Inc to include a recent whistleblower complaint.