Eastern Libyan state oil firm AGOCO, a subsidiary of state oil firm NOC, is producing 304,000 barrels a day of oil, its chairman told Reuters Sunday. Mohamed Shatwan said production would rise to 350,000 bpd after new projects such as improving power supply had been completed, a plan...

Toyota Motor Corp said on Friday it was halting plans to install Dedicated Short-Range Communications (DSRC) technology, aimed at letting cars and trucks communicate with one another to avoid collisions, on U.S. vehicles beginning in 2021. Automakers have been divided in the United States...

French car maker Renault wants to create a common holding company with its Japanese partner Nissan that will own 100 percent of both auto manufacturers, the business daily Nikkei reported Friday. Renault controls 43.4 percent of Nissan's capital, with the Japanese manufacturer owning 15...

Japan's Sony said Friday that robust games and entertainment divisions had pushed annual profits to a second consecutive record high but warned of a looming downturn in its bottom line. The PlayStation manufacturer also said the integration of EMI Music Publishing as a fully-owned...