Auto Industry News

Bitcoin rebounded after a brief sell-off sparked by news that electric carmaker Tesla Inc had sold about 75% of its holdings of the virtual token.

Twitter blamed its ongoing battle to close its $44-billion acquisition by Elon Musk and a weakening digital advertising market for a surprise fall in quarterly revenue and a net loss.

Hyundai Motor Co, factory robot builder ABB and Swedish fridge maker Electrolux see the semi-conductor chip shortage easing.

Oil prices fell more than $3 a barrel on higher U.S. gasoline stockpiles and after a European Central Bank (ECB) rate hike stoked demand worries, while returning oil supply from Libya and the resumption of Russia's gas flows to Europe eased supply restraints.

The European Union is seeking additional gas supplies from Nigeria as the bloc prepares for potential Russian supply cuts.

India refiners' crude processing remained resilient in June, holding above pre-pandemic levels amid steady demand, while production eased with the increased availability of cheaper Russian crude, government data showed on Friday.

The Kia Ownership Service Camp includes a comprehensive 36-point check-up, discounts on car care services, parts and aftersales packages. The camp ends on July 27, 2022.

Mohammed Shami has brought home the Jaguar F-Type coupe in the Caldera Red colour scheme, right after a successful England tour.