Auto Industry
Reuters
Dec 31, 2022, 5:31 PM
Stellantis is overhauling its strategy in China after agreeing to file for bankruptcy of its Jeep joint venture with local partner Guangzhou Automobile Group (GAC) in October.
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Reuters | Dec 31, 2022India Seeks To Use Global Energy Challenge As Opportunity, Says MinisterIndia hopes to convert the current global oil challenges from the Ukraine crisis into an opportunity to secure affordable energy, Oil Minister Hardeep Singh Puri said.2 mins read
Reuters | Dec 31, 2022Automakers, South Korea Urge U.S. To Tap Commercial EV Tax CreditThe $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, sparking anger from South Korea, the European Union, Japan and others.2 mins read
Reuters | Dec 31, 2022Toyota Offers Cheaper Prius If Customers Take Software UpdatesThe lease program will require customers to opt in for a service expected to bring monthly lease payments down by 10%, Toyota's leasing affiliate said.1 min read
Reuters | Dec 31, 2022Vietnam's EV Maker Vinfast Files For U.S. IPO To Fuel Global ExpansionVinFast, which began operations in 2019, is gearing up to expand in the U.S. market, where it hopes to compete with legacy automakers and startups with its two all-electric SUVs, the VF8 and VF9, including battery leasing to reduce the purchase price.3 mins read- Reuters | Dec 31, 2022Vietnam's EV Maker Vinfast Files For U.S. IPO To Fuel Global ExpansionVinFast, which began operations in 2019, is gearing up to expand in the U.S. market, where it hopes to compete with legacy automakers and startups with its two all-electric SUVs, the VF8 and VF9, including battery leasing to reduce the purchase price.3 mins read
Reuters | Dec 31, 2022UAW Calls On Automakers To Move Supply Chain Out Of Xinjiang RegionThe United Auto Workers (UAW) union called on automakers to shift their entire supply chain out of China's Xinjiang region after a new report on Tuesday suggests that nearly every major automaker has significant exposure to products made with forced labor.2 mins read
Reuters | Dec 31, 2022Mercedes To Double Electric Motor Output At Untertuerkheim: ReportThe German carmaker's management and works council struck an agreement on restructuring the site in southwestern Germany, which also foresees a 20% reduction in fixed costs by 2025 compared with 2019 and workforce cuts, the report said, citing company sources.0 mins read
Reuters | Dec 31, 2022South Korean Truckers' Strike Cost $1.2 Billion In Lost ShipmentsDisruptions to the country's supply chain expanded on Thursday, the eighth day of the nationwide strike by more than 20,000 truckers, as the government prepares to order more of them back to work.2 mins read
