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Oil prices rose on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China's COVID-19 curbs and weakness in the global economy loomed over the market.

Vision Fund's early-stage talks with GoMechanic are being held around a valuation of $600-700 million, with Malaysian sovereign fund Khazanah and existing investor Tiger Global also planning to invest in the $100 million funding round.

General Motors startup Cruise LLC said it had recalled and updated software in 80 self-driving vehicles after a June crash in San Francisco that left two people injured.

Paris's town hall decision to make gasoline-fueled motorcycles pay for parking kicked in this Thursday, triggering reactions from riders ranging from resignation to dissatisfaction.

Piedmont Lithium will build a lithium processing plant in Tennessee to supply the rapidly-growing electric vehicle (EV) industry.

Lucid filed for a new offering of up to $8 billion as the luxury electric-vehicle maker looks to beef up working capital at a time when supply snarls have crimped its production.

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.