Auto Industry News

A General Motors and LG Energy Solution $2.3 billion joint venture battery production plant in Ohio has begun production.

Toyota Motor Corp will boost its planned investment in a new U.S. battery plant from $1.29 billion to $3.8 billion, partly in response to rising consumer demand for electric vehicles, the company said.

Musk has set his young company on an aggressive expansion path like no other auto executive has dreamed.

Oil prices fell about 1% to a near two-week low in volatile trade after the U.S. Federal Reserve delivered another hefty rate hike to quell inflation that could reduce economic activity and demand for oil.

Oleg Ustenko criticized updated European Union guidance on sanctions on Russian coal shipments that he said could enable companies to transport Russian coal to third countries, which was not in the original spirit of the deal.

Democratic and Republican senators proposed that U.S. President Joe Biden's administration use secondary sanctions on international banks to strengthen a price cap G7 countries plan to impose on Russian oil over Moscow's invasion of Ukraine.

Vianode will invest 2 billion Norwegian crowns in building a large-scale plant for sustainable battery materials in Norway.

Indian refiners are set to skip purchases of Russia ESPO crude oil this month due to higher freight rates.