Auto Industry News

Urals crude has been purchased from trader Vitol on a delivered basis at a "discount", they said.

India's fuel consumption had its biggest year-on-year jump since August 2021, up 5.4% in February compared with the same month in 2021.

Volvo Cars said on Tuesday that a shortage of semi-conductors was hitting production and would likely to continue through the second quarter, forcing it to cut its forecast for vehicle deliveries for the full year.

Japanese automaker Suzuki Motor Corp and 'flying car' firm SkyDrive Inc said they have signed a deal to team up in research, development and marketing of electric, vertical takeoff and landing aircraft.

Mondays price revision saw petrol prices climb by 30 paise and diesel by 35 paise.

The shift to electric cars may pose an existential threat to suppliers of combustion engines but for auto parts firms such as TE Connectivity the challenge is keeping up with demand.

Tesla Inc Chief Executive Officer Elon Musk is giving "serious thought" to building a new social media platform, the billionaire said in a tweet on Saturday.

Oil major BP PLC said on Friday it plans to invest 1 billion pounds ($1.32 billion) in electric vehicle charging in the United Kingdom over the next decade