Auto Industry News
India's e-Bus Ambition Hits Financing Speed Bump
India wants to deploy 50,000 e-buses in tranches over the next four to five years at an estimated cost of one trillion rupees ($12 billion).
Diesel Sales Of Indian State Retailers Up On Industrial Recovery
Dec 31, 2022 05:44 PM
Indian state refiners' daily diesel sales rose 21% in November from the previous month.
U.S. Finalizes $2.5 Billion Loan To GM, LG Battery Joint Venture
Dec 31, 2022 05:44 PM
The loan will help finance construction of new lithium-ion manufacturing facilities in Ohio, Tennessee and Michigan.
Mahindra CEO Sees U.S. Entry For New Electric Vehicles At Least Five Years Away
Dec 31, 2022 05:44 PM
Mahindra, as part of its long-range strategy, is considering whether to build vehicles in North America, to take advantage of incentives built into the U.S. Inflation Reduction Act.
India November Auto Sales: Car, Tractor, Truck Sales Rise
Dec 31, 2022 05:43 PM
The festive season helped drive strong overall sales at most Indian automakers in November.
Musk Delivers First Tesla Truck, But No Update On Output, Pricing
Dec 31, 2022 05:43 PM
Tesla CEO Musk delivered the company's first heavy-duty Semi to PepsiCo without offering updated forecasts for the truck's pricing, production plans or how much cargo it could haul.
Apple Scales Back Self-Driving Car, Delays Launch To 2026: Report
Dec 31, 2022 05:43 PM
The company's automotive efforts, known as Project Titan, have proceeded unevenly since 2014, when it first started to design a vehicle from scratch.
Volkswagen To Refocus On Raising Productivity, Warns Of Challenging 2023 - Finance Chief
Dec 31, 2022 05:43 PM
The carmaker is targeting margin parity between electric and combustion engine cars in next 2-3 years
Tesla To Run Reduced Output In Shanghai In January, Plan Shows
Dec 31, 2022 05:43 PM
Tesla will run production for 17 days in January between Jan. 3 to Jan. 19 and will stop electric vehicle output from Jan. 20 to Jan. 31 for an extended break for Chinese New Year
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