Auto Industry News
U.S. Finalizes $2.5 Billion Loan To GM, LG Battery Joint Venture
The loan will help finance construction of new lithium-ion manufacturing facilities in Ohio, Tennessee and Michigan.
China's BYD To Launch A Second New EV Brand In 2023 - Executive
Dec 31, 2022 04:12 PM
The new brand will be an addition to Yangwang, a premium brand set for launch in the first quarter of 2023
Electric Vehicles Confront The Leap To The Mass Market
Dec 31, 2022 04:11 PM
The automobile industry is pouring more than $1 trillion into a revolutionary shift from combustion engines to electric vehicles guided by software.
India's e-Bus Ambition Hits Financing Speed Bump
Dec 31, 2022 04:11 PM
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).
India Tax Body Clarifies Sports Utility Vehicles Definition
Dec 31, 2022 04:11 PM
To qualify as SUVs for the purpose of GST and cess cars must meet the criteria of having an engine capacity of over 1,500cc, be over 4000 mm and a ground clearance of 170 mm.
Volkswagen To Refocus On Raising Productivity, Warns Of Challenging 2023 - Finance Chief
Dec 31, 2022 04:10 PM
The carmaker is targeting margin parity between electric and combustion engine cars in next 2-3 years
U.S. Opens Safety Probe Into Autonomous Driving System In GM's Cruise Vehicles
Dec 31, 2022 04:10 PM
The National Highway Traffic Safety Administration (NHTSA) said it has received notices of incidents in which self-driving Cruise vehicles "may engage in inappropriately hard braking or become immobilized."
Taiwan To Fine Foxconn For Unauthorised China Investment
Dec 31, 2022 04:10 PM
Taiwan has turned a wary eye on China's ambition to boost its semiconductor industry and is tightening legislation to prevent what it says is China stealing its chip technology.
Mahindra CEO Sees U.S. Entry For New Electric Vehicles At Least Five Years Away
Dec 31, 2022 04:10 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.