Auto Industry News

Soitec and STMicroelectronics are deepening their cooperation over the manufacturing of a key and fast-growing material used in the electric car industry.

Canadian Prime Minister Justin Trudeau said future supply chains should run through countries like Canada that are concerned about carbon emissions and human rights.

The Biden administration broke its silence on European Union deliberations over a $65-70 per barrel Russian oil price cap, warning far-lower prices cited for some Russian Urals crude shipments should be approached with caution.

The festive and wedding season in India helped boost the country's total retail vehicles sales by 26% in November from a year ago.

Hyundai and SK will build a new battery manufacturing plant in the U.S. state of Georgia to supply the Korean automaker's U.S. assembly plants.

A strike by South Korean truckers is estimated to have cost 1.6 trillion won ($1.23 billion) in lost shipments.

Oil prices settled up by over $2 per barrel on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.

The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change.