Auto Industry News

Oil prices climbed on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, though fears of China's COVID-19 curbs and weak global growth continued to limit gains and a potential cap on the price of Russian exports loomed.

Taiwan looks forward to producing "democracy chips" with the United States, President Tsai Ing-wen told the visiting governor of the U.S. state of Arizona, Doug Ducey, the latest in a string of senior officials from the county to visit.

The two companies signed an agreement for Tata Motors to acquire the Sanand plant in August 2022 as part of a deal worth Rs 725.7 crore.

Operations at Barranquilla's port were suspended until the fire is fully controlled, authorities added.

Foreign players have cut fuel shipments to Hungary since the government capped the price of petrol and diesel at 480 forints ($1.22) per litre a year ago.

Wednesday's declines also followed three straight sessions of higher settlements on both crude benchmarks.

Russia may cut oil output by 5% to 7% in early 2023 as it responds to price caps, the RIA news agency cited Deputy Prime Minister Alexander Novak as saying.

The U.S. automaker said it added 250 jobs in November at its Rouge plant in Dearborn, Michigan, as a result of the additional crew.