Auto Industry News

Oil settled nearly 1% higher paring earlier gains as the market focused on Russian oil supply concerns.

Sales of electric cars in India will gather pace by 2025-26, Henrik Fisker said in an interview in New Delhi, adding that the company wants to secure a first-mover advantage.

Oil prices dipped following other risk assets lower, as the dollar stayed strong and investors anticipated more central bank interest-rate hikes designed to quell inflation.

Crude oil theft in Nigeria, which is blamed for throttling output and exports, is tantamount to treason that should be punished by the stiffest possible penalty, the Speaker of the House of Representatives said.

Oil prices edged slightly higher in volatile trading, as worries of tight supplies outweighed the rest.

Mahindra & Mahindra is in talks with global investors to raise between $250 million and $500 million to accelerate its plans to build EVs.

Tesla is recalling nearly 1.1 million U.S. vehicles because the window automatic reversal system may not react correctly after detecting an obstruction, increasing the risk of injury.

California's choice of 2035 as the deadline to end gasoline-only new car sales was the "sweet spot", the head of the state's clean air regulator said.