Auto Industry News
Oil Slumps Over 3% On U.S. Rail Agreement, Demand Concerns
Oil futures fell over 3% on a tentative agreement that would avert a U.S. rail strike, expectations for weaker global demand and continued U.S. dollar strength ahead of a potentially large interest rate increase.
Kenya Scraps Petrol Subsidy After President Warned It Was Unsustainable
Sep 17, 2022 09:25 PM
Kenya scrapped a subsidy on petrol a day after new President William Ruto said subsidies were unsustainable.
Saudi Overtakes Russia To Be India's No. 2 Oil Supplier In August
Sep 17, 2022 09:22 PM
Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia.
Magna Invests $77 Million In India's EV Startup Yulu To Enter Micromobility Market
Sep 17, 2022 05:42 PM
Magna is investing $77 million in India's EV startup Yulu to enter the micromobility market.
Oil Rises 1% On Supply Concerns, Expectations For Fuel Switching
Sep 17, 2022 05:33 PM
Oil edged up 1% as an international energy watchdog expects an increase in gas-to-oil switching due to high prices this winter.
Elon Musk Accuses Twitter Of Security Lapses In Court Filing
Sep 17, 2022 05:27 PM
Musk accused Twitter of fraud by concealing serious flaws in the social media company's data security.
Compass Minerals Picks Lithium Extraction Technology To Supply Ford, Others
Sep 17, 2022 05:24 PM
Compass Minerals will use a lithium extraction technology developed by EnergySource Minerals LLC to produce the electric vehicle battery metal for Ford & others.
Indian Shares Post Weekly Decline As Tech, Autos Tumble
Sep 17, 2022 05:19 PM
Indian shares dropped nearly 2% to register a weekly decline, dragged by a sharp fall automobile stocks.
MoRTH Makes 58 RTO Services Online Based On Aadhaar Authentication
Sep 17, 2022 04:47 PM
As many as 58 citizen-centric services related to driving license, vehicle registration, and transfer of ownership can now be availed online with the help of Aadhaar authentication on voluntary basis.
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