Auto Industry News
Protests Across Indonesia As Anger Mounts Over Fuel Price Increase
Thousands of people rallied in Indonesia's biggest cities, demanding the government reverse its first subsidised fuel price increase in eight years amid soaring inflation.
India Plans To Mandate Rear Seat Belt Alarms In Cars After Tycoon Dies In Crash
Sep 28, 2022 06:36 PM
India is planning to make it mandatory for car makers to install an alarm system for rear seat belts to enforce their use, in an effort to reduce road accident fatalities.
Tesla Considering Lithium Refinery In Texas, Seeks Tax Relief
Sep 28, 2022 06:36 PM
Tesla is considering setting up a lithium refinery on the gulf coast of Texas, as it looks to secure supply of the key component used in batteries amid surging demand for electric vehicles.
Oil Edges Up From Seven-Month Low As Russia Threatens Export Halt
Sep 28, 2022 06:36 PM
Crude prices edged up about 1% after dropping to a seven-month low in the prior session as some technical traders bought the dip and Russia threatened to halt oil and gas exports to some buyers.
India Says Importing Russian Oil Part Of Inflation Management
Sep 28, 2022 06:17 PM
India's finance minister said that importing Russian oil was part of the country's inflation-management strategy and that other countries were doing something similar.
Other Nations Weighing G7 Russia Oil Price Cap, U.S.'s Adeyemo Says
Sep 28, 2022 06:17 PM
A number of oil-importing countries are considering joining the G7's plan to cap the price of Russian oil.
Chip Maker Wolfspeed To Build New U.S. Factory To Meet Surging EV Demand
Sep 28, 2022 06:17 PM
Wolfspeed will build a new multi-billion dollar factory in Chatham County, North Carolina to make the raw materials used for chips that power things like electric vehicles.
Oil Rises 4% On Supply Threats, Still Set For Weekly Drop
Sep 28, 2022 06:15 PM
Oil prices rose about 4% supported by real and threatened cuts to supply, although futures posted a second weekly decline.
Uber Partners With Nuro In Push For Autonomous Food, Grocery Delivery
Sep 28, 2022 06:15 PM
Uber has partnered with Nuro to test food delivery via unmanned vehicles in some U.S. locations.