Stellantis CEO says Italy’s hard line on incentives is hurting output
ATESSA, Italy (Reuters) -Italy’s penny-pinching approach to incentives has meant several months of reduced automotive production, the head of Stellantis, the country’s sole major automaker, said on Tuesday. “Stellantis has been asking…
Brazil’s industrial output beats expectations in November
SAO PAULO (Reuters) – Industrial production in Brazil rose for the fourth consecutive month in November, data from statistics agency IBGE showed on Friday, exceeding market forecasts even as it maintained a…
South Korea November factory output jumps thanks to robust chip production
By Cynthia Kim SEOUL (Reuters) – South Korea’s November factory output posted the fastest gain since May 2022 on soaring chip production, official data showed on Thursday. The industrial output index increased…
Toyota’s global output surges to record in November on strong demand
TOKYO (Reuters) – Toyota Motor’s global production jumped 11% in November to a record level, bouncing back from last year’s supply chain disruptions and benefiting from robust demand both in Japan and…
Toyota’s Daihatsu to compensate suppliers over output halt
TOKYO (Reuters) – Toyota Motor’s small car unit Daihatsu Motor will compensate 423 domestic suppliers with which it has direct business relations as its plants in Japan remain idled due to a…
Japan Nov industrial output seen swinging back to contraction: Reuters poll
TOKYO (Reuters) – Japan’s industrial output in November likely swung back to contraction for the first time in three months, a Reuters poll of analysts showed on Friday, dented by sluggish demand…
Euro zone industry output falls by more than expected in October
BRUSSELS (Reuters) – Euro zone industrial production declined by more than expected in October, with the sharpest drop for capital goods such as machinery, reinforcing survey indications that the single-currency area is…
Factbox-Chinese and other cobalt mines boosting output despite price slide
(Reuters) – A fall in the price of cobalt, a silvery-blue metal used in electric vehicle (EV) batteries, electronics and the defence sector, has yet to deter many Chinese-owned and other mines…
Brazil to join OPEC+ but won’t cap oil output, Petrobras CEO says
By Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not take part in the group’s coordinated output…
Toyota partially halts output at Tianjin plant in China – Jiji
TOKYO (Reuters) – Japan’s Toyota Motor is partially suspending production at its plant in Tianjin, China, the Jiji news service reported on Friday, as global automakers face strong sales competition in the…
OPEC+ agrees to deepen voluntary oil output cuts
By Alex Lawler, Olesya Astakhova, Maha El Dahan and Ahmad Ghaddar LONDON/MOSCOW/DUBAI (Reuters) -OPEC+ oil producers on Thursday agreed to voluntary output cuts totalling about 2.2 million barrels per day (bpd) for…
Japan Oct factory output rises on circuits, autos rebound
TOKYO (Reuters) – Japan’s factory output rose for a second straight month in October, government data showed on Thursday, lifted by the production of integrated circuits and autos, although external demand risks…
South Korea Oct factory output falls most in 10 months on weaker chip production
SEOUL (Reuters) -South Korea’s factory output unexpectedly fell on weaker chip production in October and posted the biggest drop in 10 months, official data showed on Thursday. The industrial output index fell…
Russian industrial output growth slows as unemployment drops to record low
By Alexander Marrow and Darya Korsunskaya MOSCOW (Reuters) – Russia’s industrial output growth slowed in October as the unemployment rate dropped to a record low 2.9%, federal statistics showed on Wednesday, with…
Toyota’s October global output hits record despite supplier accident
TOKYO (Reuters) – Toyota Motor said on Wednesday its October global vehicle production hit a record for that month, helped by an easing of the semiconductor shortage and defying the impact of…
Vietnam’s year-to-date exports down 6.4%, Nov industrial output up 5.8%
HANOI (Reuters) – Vietnam’s exports in the year to November 15 fell 6.4% from a year earlier to $306 billion, government data released on Wednesday showed. Its industrial output in November rose…
Japan Oct industrial output seen rising but Toyota disruptions will weigh- Reuters poll
TOKYO (Reuters) – Japan’s industrial output likely inched up in October, a Reuters poll found on Friday, although widespread disruptions at top automaker Toyota Motor are expected to weigh heavily on the…
Gulf of Mexico oil spill shuts in around 3% of daily output
(Reuters) – Around 61,165 barrels of daily oil output from at least six producers, making up about 3% of crude oil production in the Gulf of Mexico, has been shut in by…
ArcelorMittal suspends output in Bosnia as steel demand drops
SARAJEVO (Reuters) – ArcelorMittal said on Friday it had temporarily halted output at its Bosnia steel plant and at mines that supply it with iron ore due to a drop in demand…
Auto strikes sink US manufacturing output in October
WASHINGTON (Reuters) – Production at U.S. factories dropped more than expected in October as strikes by the United Auto Workers (UAW) union against Detroit’s “Big Three” automakers depressed motor vehicle production, but…
Sumitomo Metal Mining looks to boost battery materials output, possibly in US
By Yuka Obayashi TOKYO (Reuters) – Japan’s Sumitomo Metal Mining is considering producing cathode battery materials in the United States among other options as it looks to expand output to meet demand…
Euro zone industry output slips, trade surplus continues in Sept
BRUSSELS (Reuters) – Euro zone industrial production declined broadly in line with expectations in September, wiping out a rise in August as output of consumer goods dropped sharply in the month. The…
Yellen says APEC finance ministers agree to expand output sustainably
SAN FRANCISCO (Reuters) – U.S. Treasury Secretary Janet Yellen said that finance ministers from Asia-Pacific Economic Cooperation countries on Monday affirmed their desire to expand their economies’ potential output in a sustainable…
Peru miners say copper output could climb without impact from protests
LIMA (Reuters) – The head of Peru’s mining guild on Tuesday said that while copper mining investment might be slow to recover next year, the Andean country could still see growth in…
Toyota extends output cut at Chinese JV to ease dealer pressure
SHANGHAI (Reuters) – Japan’s Toyota Motor has told dealers that it will extend a plan to reduce output at one of its joint ventures in China, where it faces rising competition. The…
German industrial output falls further than forecast in September
By Maria Martinez BERLIN (Reuters) -German industrial production fell more than expected in September, data showed on Tuesday, as a recent slump in incoming orders took its toll on production. Production fell…
Breaking News
