Auto Industry News

Oil prices settled slightly lower after a see-saw session as worries that a slowing economy could cut demand vied with news that some oil exports had been suspended on the Russia-to-Europe Druzhba pipeline that transits Ukraine.

Toyota Motor Corp said it would hold to its plan to produce 9.7 million vehicles globally this fiscal year, even as it announced another stoppage related to the spread of COVID-19.

Tesla Inc is lobbying the Ontario government as part of an effort to set up an "advanced manufacturing facility" in Canada, a filing by the electric-vehicle maker to the province's Office of the Integrity Commissioner showed.

FedEx Office will pilot Ford Motor Co's electric vans to pickup and deliver parcels in some regions, the unit of FedEx Corp said, as part of the delivery giant's move to cut its fleet's tailpipe emissions.

New MaXX City 3000 is targeted at intra-city operations and has a payload capacity of 1,300kg.

To commemorate the fifth anniversary of the Jeep Compass SUV, the carmaker has introduced this special edition model. It's priced from Rs. 24.44 lakh to Rs. 28.24 lakh.

The recall is issued only for the USA models that were fitted with a potentially faulty brake fluid reservoir cap.

The Kodiaq is available in Style, Sportline and L&K trims and is priced from Rs. 37.49 lakh lakh to Rs. 39.99 lakh.