Auto Industry News

Musk had told a Delaware court last month that he would reduce his time at Twitter and eventually find a new leader to run the company.

Musk's $44 billion takeover of Twitter in October has been marked by chaos and controversy, with some investors questioning if he is too distracted to also properly run his electric-vehicle automaker Tesla

TSMC, Asia's most valuable listed company, has said it was building on a site for a potential second plant in Arizona. The company began construction in mid-2021.

Honda's electric van has a target cruising range of 200km (125 miles) and is seeking to set the price at around 1 million yen ($7,270).

The financial unit is still benefiting from high prices for used cars and lower costs for credit and residual value risks in the current year.

Volkswagen operates partnerships in Europe with BP and Spain's Iberdrola and is a shareholder in fast-charging venture Ionity with rival carmakers BMW, Mercedes-Benz, Ford and Hyundai.

A subsidy of around 80 million rupiah ($5,131) will be offered on every sale of an electric car, 40 million rupiah on hybrid cars and 8 million rupiah on fully electric motorbikes

It is unclear what models Tesla would produce in the Mexican factory or when it would begin production