Auto Industry News

Oil prices rose to three-week highs on Tuesday as China's latest easing of COVID-19 restrictions raised fuel demand hopes and concerns that winter storms across the United States are affecting energy production

Yamaha recently released a video showcasing its self-balancing tech called, Advanced Motorcycle Stability Assist System (AMSAS), which is fitted to an electric Yamaha R3. The two-wheeler marque says that the technology assists in stabilising the vehicle’s posture at speeds of 5 kmph or less.

The launch is part of a non-exclusive 10-year agreement between both the companies for driverless vehicles, with a rollout in Los Angeles expected to follow.

Tesla's Shanghai plant is grappling with elevated inventory levels amid slowing demand in China's auto market.

Investment in the Hungarian auto industry is being dominated by three countries - Germany, a champion carmaker, plus China and South Korea, EV battery leaders way ahead of European rivals.

Under the partnership, the two companies will push to speed up the addition of gig workers on green mobility platforms for last-mile delivery services.

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.

A person familiar with the situation told Reuters that the Economy Ministry would contact Foxconn on Monday to confirm the equity sale.