Auto Industry News

The concept of an everything app, often referred to as a "super app," is massively popular in Asia and tech companies across the world have tried to replicate it.

Shares of the microblogging site were down marginally at $51.12, after rising 20% since Musk this week proposed to go ahead with the April bid of $54.20 per share to take Twitter private.

In addition to holding up banners and chanting slogans, four out of the near dozen protesters glued their hands to a few supercars and smeared black paint on their bonnets. This included a Ferrari Testarossa worth $180,000.

Sales of passenger vehicles went up by nearly a tenth in in the two days of Dhanteras.

Oil rose by nearly $3 a barrel on expectations of a large cut in crude output from the OPEC+ producer group and as a weaker U.S. dollar made oil purchases less expensive.

Lyft is increasing the service fee its U.S. riders pay directly to the company to cover higher insurance costs.

Foxconn said it hopes to one day make cars for Tesla as it ramps up EV manufacturing, in a strategy to diversify its business.

Hyundai will break ground on a $5.54 billion electric vehicle and battery plant in the United States, as South Korea's biggest automaker grapples with an uncertain outlook for its EV sales in its top market.