Auto Industry News

Oil prices slid 2% after Chinese data showed that demand from the world's largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel export curbs depressed consumption.

The French government said France was on the right track over further easing the problem of petrol service stations not having enough petrol due to strikes at oil refineries, which had hit motorists around the country.

Oil prices settled up as hopes of stronger Chinese demand and a weakening U.S. dollar outweighed concern about a global economic downturn and the impact of interest rate rises on fuel use.

Terawatt will develop a U.S. network of charging stations for medium and heavy trucks

CATL's third-quarter profit nearly tripled year-on-year, buoyed by rapid expansion in production to power the growth of EVs worldwide.

Oil and Natural Gas Corp (ONGC) plans to take a stake in the new Russian entity that will manage the Sakhalin 1 project in the far east.

Petrol supplies at French service stations fell further over the weekend due to a weeks-long strike at oil major TotalEnergies.

India has raised a windfall tax on domestically produced crude oil to 11,000 Indian rupees per tonne from 8,000 rupees per tonne.