Auto Industry News
China's Shenzhen Orders Big Firms Such As Foxconn Into Closed Loop To Curb COVID
While Reuters could not independently verify the document, a notice at a Shenzhen office of oil giant CNOOC Ltd seen by Reuters said that the building would be closed for seven days until July 31, with staff to work from home and continue with daily COVID testing.
Oil Settles Up 1% At 2-Week High On Worries About Tight Supply
Jul 30, 2022 06:26 PM
Brent posted its highest close since July 4 and WTI its highest since July 8. At one point during the volatile session, both benchmarks were down around $2 a barrel.
Yellen Says She Had 'Productive' Meetings On Russian Oil Price Cap
Jul 30, 2022 06:25 PM
Yellen said her bilateral meetings and the overall G20 sessions in Indonesia focused on the human and economic cost of Russia's invasion of Ukraine, with the United States and other countries "unequivocal in condemning their (Russia's) shameful actions."
Libya's Tripoli Government Installs New Oil Company Head Despite Opposition
Jul 30, 2022 06:22 PM
The tussle over NOC has opened cracks in both the loose eastern and western camps whose rivalry has fuelled Libya's conflict for years and risks undermining the company's longstanding independence from the factional infighting.
Taiwan Weighs Foxconn Fine For China Chip Investment - Sources
Jul 30, 2022 06:21 PM
Foxconn, the world's largest contract electronics maker, said this week it has become a shareholder in embattled Chinese chip conglomerate Tsinghua Unigroup via a 5.38 billion yuan ($797 million) investment by a subsidiary.
Brazilian Ride-Hailing App 99 To Test Electric Car With China's BYD
Jul 30, 2022 06:03 PM
The tests of the vehicle, which was developed by BYD and China's Didi Chuxing, will begin this week in Sao Paulo, Brazil's financial capital, with the goal of accelerating the adoption of electric vehicles in 99's fleet.
U.S. Agency To Open Probe Into Fatal Florida Tesla Crash
Jul 30, 2022 05:57 PM
NHTSA has previously opened 36 special crash investigations - including the California crash - involving Tesla Inc vehicles in which advanced driver assistance systems like Autopilot were suspected of being used since 2016.
Oil Up Over $2/bbl As Hopes Fade For OPEC+ Supply Boost
Jul 30, 2022 05:19 PM
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.
Elon Musk Files Countersuit Under Seal vs Twitter Over $44 Billion Deal
Jul 30, 2022 05:01 PM
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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