Cars News

Oil Settles Up 1% At 2-Week High On Worries About Tight Supply
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.

Chip Crunch Easing Could Weigh On Pricing Power, Tavares Says
Jul 30, 2022 04:52 PM
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".

JK Tyre Reveals New Range Of Electric Vehicle Specific Tyres
Jul 30, 2022 04:38 PM
JK Tyre says the new tyres offer ultra-low rolling resistance while also being durable and offering improved traction.

Brembo Open To Further Investment In Chinese JV As H1 Profit Tops Forecast
Jul 30, 2022 06:36 AM
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.

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