Auto Industry News
Biden To Visit Taiwanese Chip Manufacturer TSMC's Arizona Plant
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 To Begin Selling Mini-Commercial Electric Vans In Spring 2024
Dec 30, 2022 10:49 PM
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).
Volkswagen Expects Difficult 2023 For Financial Services Unit
Dec 30, 2022 10:34 PM
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 And Italy's Enel Launch Joint Venture For High-Speed Charging
Dec 30, 2022 10:25 PM
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.
Indonesia To Offer $5,000 Subsidy On Electric Car Sales
Dec 30, 2022 10:07 PM
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
Tesla Plans To Announce Mexico EV Plant Soon - Report
Dec 30, 2022 10:04 PM
It is unclear what models Tesla would produce in the Mexican factory or when it would begin production
Faraday Future Targets April For EV Deliveries, Sees Fresh Funding
Dec 30, 2022 09:29 PM
The Los Angeles-based company said it expects to start production of its FF 91 Futurist electric car at its manufacturing facility at the end of March 2023.
U.S. FAA Proposes Airworthiness Criteria For Archer Aviation Air Taxi
Dec 30, 2022 09:23 PM
The Federal Aviation Administration (FAA) issued the airworthiness criteria that Archer Aviation will need to meet for its M001 air taxi to be certified for use.
Oil Set To End Turbulent 2022 With Second Annual Gain
Dec 30, 2022 09:21 PM
Oil rose and was on track for a second straight annual gain in a volatile year marked by tight supplies because of the Ukraine war and weakening demand from the world's top crude importer, China.
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