Auto Industry
Reuters
Jul 30, 2022, 12:52 AM
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
Reuters | Jul 30, 2022Analysis-EU Gas Solidarity Complicated By Lack Of Fuel Sharing DealsThe 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
Reuters | Jul 30, 2022Indian Oil Posts First Loss In Over 2 Years As Marketing Margins FallIndian Oil Corp Ltd reported a quarterly net loss for the first time in more than two years, as the country's top refiner sold fuel at a discount in the domestic market while its costs jumped.1 min read
Reuters | Jul 29, 2022Oil Settles Higher On U.S. Inventory Drop, Russia Gas CutsOil settled up more than $2 as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset concern about weaker demand and a U.S. interest rate hike.1 min read
Reuters | Jul 29, 2022Oil Mixed As U.S. Gasoline Demand Rebounds But Recessionary Fears LoomOil prices were mixed as concerns about a potential global recession that would knock energy demand offset lower U.S. crude inventories and a rebound in gasoline consumption.2 mins read- Reuters | Jul 29, 2022Oil Prices Surge $4/bbl As Chances Of OPEC+ Supply Boost DimOil prices jumped more than $4 a barrel on Friday as attention turned to next week's OPEC+ meeting and dimming expectations that the producer group will boost supply.2 mins read
Reuters | Jul 29, 2022Rivian To Cut Headcount By 6%Electric-truck maker Rivian Automotive Inc said it was reducing headcount by 6% in order to optimize costs in a tightening macroeconomic environment.1 min read
car&bike Team | Jul 29, 2022JLR Parent Tata Motors Sees Sales Picking Up As Chip Shortage EasesTata Motors Ltd expects strong demand to drive up sales of its cars, including at the luxury Jaguar Land Rover (JLR) unit, as the semiconductor shortage eases, even as it posted a wider quarterly loss on higher costs.2 mins read
Reuters | Jul 29, 2022STMicro Expects Chip Factories To Run At Full Steam Until 2023STMicroelectronics expects its factories to run at full steam well into 2023 as the chipmaker's backlog is filled by the car and smartphone industries, prompting it to raise its 2022 outlook and build new production lines.2 mins read
