Auto Industry News

Indian Oil will restart crude processing at its refinery in Odisha from mid-September after a 45-day maintenance turnaround.

Innoviz Technologies will supply hardware and software to Volkswagen AG's Cariad unit in a deal valued at $4 billion.

Michigan Governor Gretchen Whitmer said the state is well positioned to attract new investment in semiconductor chips manufacturing after Congress passed $52 billion in new subsidies.

Aptiv lowered its annual forecasts for profit and revenue, blaming production cuts by major automakers in Europe as the region braces for a disruption in gas supplies from Russia.

Britain said it wanted a widespread rollout of self-driving vehicles on roads by 2025, announcing plans for new laws and 100 million pounds ($119.09 million) of funding.

Adani Power Ltd are set to buy thermal power plant operator DB Power for an enterprise value of Rs. 7017 Crore ($879.14 million) as India's largest private thermal power producer looks to expand operations.

Oil prices gained about 3% as positive U.S. economic data and robust U.S. fuel consumption offset concerns that slowing economic growth in other countries could undercut demand.

Bhutan will ban the import of all vehicles except utility vehicles, heavy earthmoving machines and agriculture machinery to save dwindling foreign exchange reserves.