Auto Industry

Reuters

Jul 28, 2022, 10:15 PM

Stocks Flat, Oil Gains As Rate Hikes Loom Following Strong Jobs Data

Wall Street ended the day flat on Friday as Treasury yields jumped following a stronger-than-expected U.S. jobs report, which suggested the Federal Reserve may push further interest rate hikes to cool the economy and slow inflation.

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  Reuters | Jul 28, 2022

  GM, Travel Operator Pilot To Develop EV Charging Network

  General Motors will develop a national network of 2,000 electric vehicle charging stalls at travel centers to make it easier to recharge near highways.

  2 mins read
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  Reuters | Jul 28, 2022

  Oil Rises 2% As No Immediate Saudi Output Boost Expected

  Oil gained 2.5% after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up crude production.

  3 mins read
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  car&bike Team | Jul 30, 2022

  Buying A Used Honda Activa? We List Out The Pros And Cons

  We list down a few pros and cons for you, if you are planning to buy a used Honda Activa.

  1 min read
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  Reuters | Jul 28, 2022

  Libya's Oil Chief Rejects Sacking, Says Govt Mandate Expired

  The head of Libya's National Oil Corp (NOC) rejected the prime minister's authority to sack him, raising the prospect of an open struggle for control of the state energy producer.

  3 mins read
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  Reuters | Jul 28, 2022

  U.S., Mexico Resolve Panasonic Auto Parts Plant Labor Dispute

  The United States and Mexico announced a resolution to a dispute at a Panasonic auto parts plant in Mexico on Thursday, with workers receiving an above-inflation pay rise after the firm rejected an agreement with a union that lacked lawful bargaining authority.

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  Reuters | Jul 28, 2022

  Hyundai Motor Says It Will Build Its First South Korean EV Factory

  In May, Hyundai Motor Group, which houses Hyundai Motor and Kia Corp, said it would invest 63 trillion won ($48.1 billion) in South Korea through to 2025.

  1 min read
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  Reuters | Jul 28, 2022

  Bosch Invests 3 Billion Euros In Chips, Says Shortage To Last Into 2023

  Technology group Bosch expects supply bottlenecks for some types of chips to last into 2023 even as inflation reduces demand for certain consumer goods, the company said on Wednesday as it announced a 3 billion euro investment in chip production.

  1 min read
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  Reuters | Jul 28, 2022

  Mahindra Aims To Lead Electric SUV Sales In India With New EV Unit

  Mahindra is the latest Indian automaker to tap global green funds by hiving off its clean mobility business into a separate unit, taking a page from its rival Tata Motors' playbook

  2 mins read