Auto Industry News
GM, LG Energy Solution Considering Indiana For Fourth U.S. Battery Plant
General Motors Co and LG Energy Solution are considering a site in Indiana for a fourth U.S. battery cell manufacturing plant, a spokeswoman for the companies' joint venture said.
German Court Lets Tesla Ads Continue Referring To Autonomous Driving
Dec 1, 2022 05:00 AM
Tesla can continue referring to the capabilities of its driver assistance system and to autonomous driving in its advertising in Germany after a court threw out a complaint against the practice.
Indian Ride-Hailing Firm Ola Plans To Start Producing Electric Cars In 2024
Dec 1, 2022 04:40 AM
Indian ride-hailing firm Ola Electric plans to start producing electric cars in India in 2024 with a range of up to 500 km (310 miles), Chief Executive Bhavish Aggarwal said.
Serbia, Kosovo Fail To Break Car Number Plate Impasse, Agree To More Talks
Dec 1, 2022 04:40 AM
The leaders of Serbia and Kosovo failed to resolve differences fuelling tension between the estranged Balkan neighbours during talks, but they agreed to resume discussions ahead of a Sept. 1 deadline that could stoke further unrest.
Oil Edges Off Low As Strong Export Demand Drains U.S. Crude Stocks
Dec 1, 2022 04:40 AM
Oil prices rose about 1.5% after hitting a six-month low, as a steeper-than-expected drawdown in U.S. crude stocks outweighed concerns over rising Russian output and exports as well as recession fears.
India 10-Year Bond Yield Sees Biggest Drop In 2 Months Tracking Oil
Dec 1, 2022 04:39 AM
Indian government bond yields declined, with the 10-year notes posting its biggest single day drop in two months in line with the slump in oil.
US Tells India That Indian Ship Used To Reroute Russian-Linked Fuel To New York
Dec 1, 2022 04:38 AM
U.S. has expressed concern to India that it was used earlier this year to export fuel made from Russian crude to New York through high-seas transfers.
Venezuela To Support Reconstruction Of Cuban Port Damaged By Oil Fire
Dec 1, 2022 04:11 AM
Maduro said that Venezuela would support Cuba in the reconstruction of its only supertanker port in Matanzas, which was partially destroyed by a fire after lightning struck one of the its crude tanks.
Amid Energy Crisis, EU Plans To Help Gas-Rich Mozambique Boost Security
Dec 1, 2022 04:10 AM
The European Union is planning a five-fold increase in financial support to an African military mission in Mozambique, as Islamist attacks threaten gas projects meant to reduce the EU's reliance on Russian energy.