Auto Industry News

Oil prices fell for the week on a stronger U.S. dollar and fears that an economic slowdown would weaken crude demand.

Foxconn has signed a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City to expand its facility in the north of the country to diversify and boost production.

ONGC said it signed a HoA with global petroleum giant ExxonMobil for deepwater exploration in the country's East and West coasts.

India's crude oil imports from Russia fell for the first time since March.

India raised fuel export taxes despite only cutting them a little over two weeks ago, and slashed a windfall tax on locally produced crude oil, according to a government notification.

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.

Oil prices dipped after two days of gain, as market participants weighed worries about global economic slowdown.

Momenta's investment in SAIC's ridehailing unit comes as startups have been pouring billions of dollars into autonomous technology, aiming to take an early lead in commercializing autonomous driving