Auto Industry

Reuters

Jul 30, 2022, 5:19 PM

Oil Up Over $2/bbl As Hopes Fade For OPEC+ Supply Boost

Brent crude futures contract for September settled at $110.01 a barrel while U.S. West Texas Intermediate (WTI) crude futures settled at $98.62 a barrel.

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  Reuters | Jul 30, 2022

  Elon Musk Files Countersuit Under Seal vs Twitter Over $44 Billion Deal

  Musk's lawsuit was filed hours after Chancellor Kathaleen McCormick of the Delaware Court of Chancery ordered a five-day trial beginning Oct. 17 to determine if Musk can walk away from the deal.

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  Reuters | Jul 30, 2022

  Chip Crunch Easing Could Weigh On Pricing Power, Tavares Says

  In a media call presenting the automaker's results in the first half of the year, Tavares said the industry was in a "very specific sweet spot right now".

  1 min read
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  Jaiveer Mehra | Jul 30, 2022

  JK Tyre Reveals New Range Of Electric Vehicle Specific Tyres

  JK Tyre says the new tyres offer ultra-low rolling resistance while also being durable and offering improved traction.

  1 min read
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  Reuters | Jul 30, 2022

  Google Maps Launches Street View In India After 11-Year Wait

  Alphabet Inc's Google Maps launched its panoramic Street View service in 10 Indian cities in partnership with Tech Mahindra and Genesys, 11 years after a first attempt ran into regulatory troubles.

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  Reuters | Jul 30, 2022

  Brembo Open To Further Investment In Chinese JV As H1 Profit Tops Forecast

  Brembo could consider expanding its investment in a newly announced joint venture in China with Gold Phoenix, its executive chairman told Reuters after the Italian brakes maker posted a 13% rise in first-half core earnings.

  1 min read
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  car&bike Team | Jul 30, 2022

  Toyota Supplier Denso's Q1 Profit Tumbles 41%, Misses View

  Japan's Denso Corp, a major supplier to Toyota Motor Corp, lowered its operating profit forecast for the current business year by 14%, expecting automakers to undershoot production plans.

  2 mins read
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  Reuters | Jul 30, 2022

  Poland Wants Right To Block EU Plan To Reduce Gas Demand, PM Says

  European Union countries bracing for further cuts in Russian gas supplies approved a weakened emergency plan to curb demand, after striking compromise deals to limit consumption reductions for some countries.

  1 min read
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  Reuters | Jul 30, 2022

  Analysis-EU Gas Solidarity Complicated By Lack Of Fuel Sharing Deals

  The European Union clinched a deal recently to cope with a gas supply crisis, but to make it work member states need to establish bilateral pacts to share gas and, right now, most have no such agreement in place.

  4 mins read