Auto Industry News
U.S. Lawmakers Want Buttigieg To Speed Deployment Of Connected Vehicles
The lawmakers were critical of the Federal Communications Commission (FCC), which in 2020 shifted much of a key spectrum block set aside for auto safety to accommodate the burgeoning number of wireless devices.
Foxconn Fine For Unauthorised China Investment Likely To Be Imposed Soon - Report
Dec 31, 2022 05:42 PM
A person familiar with the situation told Reuters that the Economy Ministry would contact Foxconn on Monday to confirm the equity sale.
Indonesia Considers $320 Million In Incentives To Boost EV Sales In 2023
Dec 31, 2022 05:42 PM
Indonesia targets 20% of overall car sales in 2025 to be EVs
China's BYD To Start Selling Evs In Japan By Early 2023
Dec 31, 2022 05:42 PM
China's BYD, in which Berkshire Hathaway owns a stake, said it will roll out an electric sports utility vehicle, ATTO 3, in Japan starting Jan. 31. The car has a cruising distance of 485 kilometres and will cost 4.4 million yen ($32,735.66).
Siemens, Others Call For Only Zero-Emission Freight Trucks To Be Sold In EU By 2035
Dec 31, 2022 05:42 PM
In a letter published on Thursday the group said its signatories "urge the European Commission to set all new freight trucks on a path to zero emission from 2035," with a five-year exemption for vocational vehicles such as construction, mining and timber trucks that will require longer to develop and produce at scale.
Europe's Car Repairers Call For Competition Rules Rewrite
Dec 31, 2022 05:42 PM
The European Commission has recommended extending 2010's Motor Vehicle Block Exemption Regulation (MVBER) for five years when it expires in 2023, with some supplementary guidelines.
Tesla Driver In Multi-Car Crash Told Police Self-Driving Software Malfunctioned
Dec 31, 2022 05:41 PM
The police report said the vehicle made an unsafe lane change and was slowing to a stop, which led to another vehicle hitting the Tesla and a chain reaction of additional crashes.
Tesla Falls On Growing Angst Over Musk's Focus On Twitter
Dec 31, 2022 05:41 PM
Analysts say investors are worried that Musk may need to sell shares further to fund Twitter and sentiment around the acquisition of the social media firm could hurt the EV maker's brand.
Elon Musk's Vow To Not Sell More Tesla Stock Fails To Calm Investors
Dec 31, 2022 05:41 PM
Tesla shares are down 64% for the year, in what could be their worst annual performance since going public in 2010 as investors worry that Twitter was consuming much of the billionaire's time.
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