By Anirban Sen NEW YORK (Reuters) -Impactive Capital has nominated four directors to the board of Envestnet Inc, a U.S.…
Toyota’s 2022 U.S. auto sales down 9.6% on part shortages
(Reuters) – Toyota Motor Corp on Wednesday posted a 9.6% fall in its 2022 U.S. new vehicle sales as a…
U.S. manufacturing sector contracts, prices decline in December-ISM
WASHINGTON (Reuters) – U.S. manufacturing contracted further in December, but weakening demand amid higher borrowing costs pushed a measure of…
Brazil’s Petrobras names interim head after CEO departs
SAO PAULO (Reuters) -Brazilian state-run oil company Petrobras said on Wednesday its board of directors had approved the early departure…
Rivian stock less bruised than Tesla as both miss EV targets
(This Jan. 3 story has been corrected to fix the period of the reduced production forecast from midyear to March…
Upbeat economic data powers European shares to third day of gains
By Bansari Mayur Kamdar (Reuters) -European shares extended gains on Wednesday as a lower inflation reading from France, the euro…
Qualcomm launches auto chip to handle both assisted driving and entertainment
By Jane Lanhee Lee OAKLAND, Calif. (Reuters) – Mobile chip maker Qualcomm Technologies, Inc on Wednesday unveiled a processor chip…
Microsoft to invest in autonomous trucking startup Gatik -sources
By Krystal Hu and Joseph White (Reuters) – Microsoft Corp is in advanced talks to invest in Gatik, a California-based…
BMW sales dip in 2022, targets 15% battery-electric sales this year
BERLIN (Reuters) -The BMW Group sold around 100,000 fewer cars in 2022 at 2.4 million vehicles, but more than doubled…
U.S. auto sales to fall in 2022, GM set to reclaim top spot from Toyota
(Reuters) – U.S. new vehicle sales are expected to decline for major automakers in 2022 due to inventory shortages, which…