Auto Industry News
Wall Street Opens Fourth Quarter On High Note As Oil Surges
U.S. stocks rose sharply on the first day of trading of the fourth quarter as volatile swings continued to dominate markets.
Musk Reverses Course, Again: He's Ready To Buy Twitter, Build 'X' App
Oct 15, 2022 11:18 PM
Billionaire Elon Musk is proposing to proceed with his original $44 billion bid to take Twitter Inc
Oil Prices Rise 1% On Cuts To OPEC+ Output Targets
Oct 15, 2022 11:11 PM
Oil prices rose about 1% holding at three-week highs after OPEC+ agreed to tighten global supply with a deal to cut production targets by 2 million barrels per day (bpd).
India's Fuel Demand Slips To 10-Month Low In September
Oct 15, 2022 09:00 PM
India's monthly fuel demand in September was at the lowest since November 2021.
Oil Jumps 4% To 5-Week High Lifted By OPEC+ Output Cut
Oct 15, 2022 08:45 PM
Oil prices jumped about 4% to a five-week high, lifted again by an OPEC+ decision this week to make its largest supply cut since 2020 despite concern about a possible recession and rising interest rates.
Twitter Surges As Musk Proposes Going Through With Deal
Oct 15, 2022 08:39 PM
Twitter Inc's stock surged after billionaire Elon Musk proposed to go ahead with his takeover of the social media platform at $54.20 per share.
Tesla Will Not Start German Mass Battery Production Before 2024 - Report
Oct 15, 2022 06:09 PM
Tesla will not start mass production of battery cells at its European gigafactory near Berlin before 2024.
Oil Prices Fall More Than 3% On Recession Worries
Oct 15, 2022 05:52 PM
Oil prices plummeted more than 3% on Friday as global recession fears and weak oil demand, especially in China, outweighed support from a large cut to the OPEC+ supply target.
Mercedes-Benz And Microsoft Collaborate On Supply Chain Data Platform
Oct 15, 2022 04:36 PM
Mercedes-Benz and Microsoft announced a partnership intended to improve production efficiency at over 30 passenger car plants globally
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