Automobile

A view shows cars parked during lockdown by the authorities to limit the spreading of coronavirus disease (COVID-19), in New Delhi, India March 23, 2020. REUTERS/Adnan AbidiBENGALURU, Oct 14 (Reuters) - India's total domestic passenger vehicle sales fell 41.2% in September from a year ago, data from an auto industry body showed on Thursday, as a semiconductor crunch and high commodity prices exacerbated problems for automakers.Total domestic passenger vehicles fell to 160,070 units from 272,027 units a year ago, the Society of Indian Automobile Manufacturers (SIAM) said. (This story refiles to add dropped word "to" in second paragraph)Reporting by Chandini Monnappa in Bengaluru; Editing by Ramakrishnan M.Our Standards: The Thomson Reuters Trust Principles.

ImageJohn Deere equipment in front of the U.S. Capitol in Washington last year.Credit...Stefani Reynolds for The New York TimesSome 10,000 unionized workers at the agriculture equipment maker Deere & Company went on strike early Thursday after overwhelmingly rejecting a contract proposal worked out with the company by negotiators for the United Automobile Workers union.“Our members at John Deere strike for the ability to earn a decent living, retire with dignity and establish fair work rules,” Chuck Browning, the director of the union’s agricultural department, said in a statement. “We stay committed to bargaining until our members’ goals are achieved.”The strike deadline was announced on Sunday after the union said its members had voted down the tentative agreement reached on Oct. 1 w...

People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, November 4, 2020. REUTERS/Francis MascarenhasBENGALURU, Oct 12 (Reuters) - Indian shares inched away from record levels and were muted early on Tuesday, as auto stocks gained for a fourth straight session and offset losses in IT firms and some private banks.The NSE Nifty 50 index (.NSEI) was up 0.08% at 17,963.60, while the S&P BSE Sensex (.BSESN) was up 0.03% at 60,163.01 by 0348 GMT. Both indexes had scaled record peaks in the previous session.IT stocks led losses on Tuesday, falling for a second session, with the Nifty IT index (.NIFTYIT) down 0.7%. Shares of HCL Technologies (HCLT.NS) fell nearly 2% and were among the top losers on the blue-chip index.Lender ICICI Bank (ICBK.NS) fell nearly 1% and was the ...

 ColorOS 12 beta official Roadmap/Timeline: These devices will receive the update – Today, a launch event Oppo has released its new ColorOS 12 skin, based on Android 12 for the global market. It not only features fresh design aesthetics but also a boatload of exciting new features. ColorOS 12 advocates authenticity and noise reduction in design.The new acrylic icon has just the right light and shadow details and light style, and the level is richer and more suitable for the real texture; at the same time, the white space is processed and the text contrast is improved. The distinction between light and dark colors redefines information density, making information acquisition faster and more comfortable in the long run.OPPO ColorOS 12 beta official Roadmap/TimelineFrom TodayFrom NovemberOPP...

BENGALURU, Sept 15 (Reuters) - Broad-based gains propelled Indian shares to record highs on Wednesday, with auto stocks and cash-strapped telecom firms among the best performers after the government approved support packages for the sectors.The blue-chip NSE Nifty 50 index (.NSEI) closed 0.8% higher at 17,519.45 and the benchmark S&P BSE Sensex (.BSESN) ended up 0.82% at 58,723.20, both settling at record peaks.Indian equities have outperformed their Asian peers this year on the back of continued monetary policy support and the opening up of the economy from pandemic-induced restrictions.Asia-Pacific equities' performance in 2021The market is not likely to see a major correction in the near term and will focus on global events for cues, said Siddharth Purohit, a research analyst at SMC...

WASHINGTON, Oct 8 (Reuters) - U.S. wholesale inventories surged in August amid a decline in sales, though automobile stocks remained very low because of a global chip shortage, which is hampering motor vehicle production.The Commerce Department said on Friday that wholesale inventories increased 1.2% as estimated last month. Stocks at wholesalers gained 0.6% in July. Wholesale inventories shot up 12.3% in August from a year earlier.Motor vehicle inventories fell 0.1% after dropping 0.3% in July. Inventories are a key part of gross domestic product. Wholesale inventories, excluding autos, increased 1.3% in August. This component goes into the calculation of GDP.Business inventories were depleted in the first half of the year, but shortages amid persistent supply bottlenecks because of the C...

* Mexican peso hits 6-month low, auto production slumps * Brazil's real at over 5-month low * Latam stocks fall in early trade By Ambar Warrick and Federica Urso Oct 6 (Reuters) - Latin American currencies slipped to a more-than five-month low on Wednesday following weak economic data and as a spike in oil prices stoked fears of overheated inflation. MSCI's index of Latin American currencies slipped 0.8% to its lowest level since late-April, as investors feared that the jump in oil prices could keep price pressures elevated and throttle economic growth in emerging markets. "There are certain emerging markets countries that will benefit, most particularly the oil producing countries, but on a broad note these recent spikes in oil prices are negative for emerg...

A view shows a fragment of a Hyundai Sonata automobile during an event, organized by Yandex company to present the new generation of its self-driving car developed in cooperation with Hyundai, in Moscow, Russia May 27, 2020. Picture taken May 27, 2020. REUTERS/Shamil ZhumatovMOSCOW, Sept 8 (Reuters) - Adventurous Muscovites may soon be able to travel around parts of Moscow in driverless taxis as Russian tech giant Yandex (YNDX.O) plans to start testing the autonomous vehicles in the city this year, the company said on Wednesday.Yandex, which operates a raft of services from online search to food delivery, has been testing self-driving technology for more than three years in Russia, Israel and the United States.Robotaxis will available through the company's Yandex.Go application in one Mosc...

People look at smartphones in Huawei's first global flagship store in Shenzhen, Guangdong province, China October 30, 2019. REUTERS/Aly Song/File PhotoSHANGHAI, Sept 22 (Reuters) - Shipments of smartphones within China fell 9.9% year on year to 23.1 million handsets in August, the China Academy of Information and Communications (CAICT) reported on Wednesday.The figures follow a large fall in July and a broader slump in the first half of the year.Shipment numbers were down from 25.6 million in August 2020 and 27.8 million in July 2021, according to the CAICT, a state-backed think tank.Handset brands are currently experiencing production issues due to a global computer chip shortage.A combination of factors including demand miscalculation, unexpected factory shutdowns and U.S.-China tensions...

BERLIN (Reuters) -BMW AG lifted its annual profit margin forecast to between 9.5% and 10.5% from 7% to 9%, the company said in an ad hoc statement on Thursday, as higher prices for new and used vehicles outweigh the effect of supply-chain issues.The carmaker also boosted its forecast for return on equity in its financial services segment to 20%-23% from 17%-20% and said it expects free cash flow in its automobile segment of approximately 6.5 billion euros.“Whilst the semiconductor supply restrictions are expected to further impact production and deliveries to customers in the coming months, BMW AG expects that the continuing positive pricing effects for both new and pre-owned vehicles will overcompensate these negative sales volume effects in the current financial year,” the company said.B...