Auto Industry News

Indian refiners have been gorging on Russian oil sold at a discount as some Western entities shun purchases from Moscow following its invasion of Ukraine in late February.

Oil prices briefly erased some losses after officials said the U.S. Energy Department will repurchase 3 million barrels of domestic crude oil for the Strategic Petroleum Reserve.

The loan will help finance construction of new lithium-ion manufacturing facilities in Ohio, Tennessee and Michigan.

The new brand will be an addition to Yangwang, a premium brand set for launch in the first quarter of 2023

The automobile industry is pouring more than $1 trillion into a revolutionary shift from combustion engines to electric vehicles guided by software.

The carmaker is targeting margin parity between electric and combustion engine cars in next 2-3 years

The National Highway Traffic Safety Administration (NHTSA) said it has received notices of incidents in which self-driving Cruise vehicles "may engage in inappropriately hard braking or become immobilized."

India wants to deploy 50,000 e-buses in tranches over the next four to five years at an estimated cost of one trillion rupees ($12 billion).