Bloomberg India, the world’s biggest buyer of palm oil, is considering a proposal to further increase import taxes on the refined variety to boost local processing and cut dependence on overseas purchases, according to people with knowledge of the matter. The government is discussing a proposal to impose a new levy in addition to the existing import duty and raise ...

Bloomberg When Elon Musk’s Tesla Inc delivered positive earnings few saw coming last quarter, China’s top electric carmakers were weathering a historical contraction in demand. Warren Buffett-backed BYD Co, the country’s biggest maker of new energy vehicles — all-electric, fuel-cell and plugin hybrid cars — just reported an 89% slump in third-quarter earnings and warned profit could fall as much ...

Bloomberg Honda Motor Co and Hitachi Ltd agreed to merge four of their car parts businesses to create a components supplier with almost $17 billion in sales, joining a wave of partnerships sweeping the global auto industry. Honda, Japan’s second-biggest carmaker, and Hitachi, one of the country’s biggest industrial conglomerates, said they will combine Hitachi Automotive Systems and Honda affiliates ...