Auto Industry News
Oil Slumps By Over $2/bbl, Dogged By Recession Fears
Oil prices briefly erased some losses after officials said the U.S. Energy Department will repurchase 3 million barrels of domestic crude oil for the Strategic Petroleum Reserve.
U.S. Finalizes $2.5 Billion Loan To GM, LG Battery Joint Venture
Dec 18, 2022 07:50 PM
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 18, 2022 07:47 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 18, 2022 07:44 PM
The automobile industry is pouring more than $1 trillion into a revolutionary shift from combustion engines to electric vehicles guided by software.
Volkswagen To Refocus On Raising Productivity, Warns Of Challenging 2023 - Finance Chief
Dec 18, 2022 04:51 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 18, 2022 04:37 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."
India's e-Bus Ambition Hits Financing Speed Bump
Dec 18, 2022 04:55 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).
Taiwan To Fine Foxconn For Unauthorised China Investment
Dec 18, 2022 04:17 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.
India Tax Body Clarifies Sports Utility Vehicles Definition
Dec 18, 2022 04:55 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.
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