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Brent crude rose $1.37, or 1.6%, to $89.57 at 1319 GMT after reaching $89.60, the highest since October 2014. U.S. West Texas Intermediate (WTI) crude was up $1.13, or 1.3%, to $86.73.

Automakers and chips manufacturers have warned the supply shortages could last until least 2023.

Using data from Volkswagen's fleet, the partners will develop so-called Level 2 autonomous driving software.

Bentley also committed to investing 2.5 billion pounds ($3.4 billion) in sustainability over the next decade.

The site, which Toyota runs with Chinese automaker FAW Group, was shut on Jan. 10 for 11 days.

The proposal would mandate apps providing transportation or delivery services, including cab operators such as Ola and Uber and food delivery apps Swiggy and Zomato, to register with the Delhi government as soon as the law comes into effect.

Mahindra received over 70,000 bookings for the new Mahindra XUV700 by Diwali itself and had expediated its production in a bid to meet the demand.

The shortage will continue in the first quarter due to the spread of the Omicron variant, Seo said, adding it was the prolonged COVID-19 pandemic in Southeast Asia and resulting chip sourcing troubles that pushed Hyundai's sales to less than the targeted 4 million vehicles in 2021.