Auto Industry News

In December, Maruti had said it would have to raise prices in January to pass on the impact from high inflation and cost pressures related to regulatory requirements.

Tesla Inc's China chief Tom Zhu has been promoted to take direct oversight of the electric carmaker’s U.S. assembly plants as well as sales operations in North America and Europe. The move makes Zhu the highest-profile executive at Tesla after Chief Executive Elon Musk.

The Corvette E-Ray - a play on the Stingray name used for gasoline-powered versions of the sports car - was revealed on the 70th anniversary of the debut of the original Corvette.

The New York Times reported in 2021 that Tesla engineers had created the 2016 video to promote Autopilot without disclosing that the route had been mapped in advance or that a car had crashed in trying to complete the shoot, citing anonymous sources.

VinFast, which started operations in 2019, is gearing up to expand in the United States, where it hopes to compete with existing automakers by offering two models.

The government has proposed to focus on providing tax relief for buyers, increasing incentives for electric vehicles, and providing incentives for companies investing in research and development activities.

Tesla has also cut prices on its best-selling Model Y and Model 3 electric vehicles in Japan, South Korea and Australia in what a person with direct knowledge of the plan said was part of an effort to help stoke demand for output from its Shanghai factory, its single largest production hub.

Recently, about 200 recent buyers of the Tesla Model Y and Model 3 gathered at a Tesla delivery centre in Shanghai to protest against the U.S. carmaker's decision to slash prices for the second time in three months.