Auto Industry
Reuters
Dec 31, 2022, 4:37 PM
The German carmaker's management and works council struck an agreement on restructuring the site in southwestern Germany, which also foresees a 20% reduction in fixed costs by 2025 compared with 2019 and workforce cuts, the report said, citing company sources.
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Reuters | Dec 31, 2022South Korean Truckers' Strike Cost $1.2 Billion In Lost ShipmentsDisruptions to the country's supply chain expanded on Thursday, the eighth day of the nationwide strike by more than 20,000 truckers, as the government prepares to order more of them back to work.2 mins read
Reuters | Dec 31, 2022Analysis: Retailers Turn To Robots In Cost Inflation FightWhile retail has been slower to adopt automation than sectors such as autos and electronics, it has been picking-up the pace - from the introduction of basic self check-out tills in stores to the use of robots and AI in supply chains.5 mins read
Reuters | Dec 31, 2022Tesla Plans To Ramp Up Model Y Production From Giga Texas In 2023: ReportThe electric-vehicle manufacturer is currently preparing to roll out 75,000 Model Y vehicles from Gigafactory Texas in the first quarter of 2023, according to the report.0 mins read
Reuters | Dec 31, 2022Oil Slides Over 3% On Russian Price Cap Talks, U.S. Gasoline BuildOil prices fell more than 3% continuing a streak of volatile trading, as the Group of Seven (G7) nations considered a price cap on Russian oil above the current market level.2 mins read
Reuters | Dec 31, 2022Proposed G7 Oil Price Cap To Have Little Immediate Impact On Russian RevenueG7's proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow's revenues, as it is broadly in line with what Asian buyers are already paying.2 mins read
Reuters | Dec 31, 2022Turkish Strikes Hit Oil Installations In Northern Syria - ReportTurkish drones are targeting key oil installations run by the Kurdish-led Syrian Democratic Forces (SDF) in northeast Syria.2 mins read
Reuters | Dec 31, 2022Russia Says It Won't Accept Oil Price Cap And Is Preparing ResponseRussia "will not accept" a price cap on its oil and is analysing how to respond, the Kremlin said.2 mins read
Reuters | Dec 31, 2022Bosch To Beat Forecasts, Double Down On India - ReportBosch is set to earn more than 87 billion euros in revenues in 20221 min read
