Auto Industry News
Resigned Riders Of Gasoline-Fueled Motorbikes Pay For Parking In Paris
Paris's town hall decision to make gasoline-fueled motorcycles pay for parking kicked in this Thursday, triggering reactions from riders ranging from resignation to dissatisfaction.
China Says Automakers Must Have Licences For Mapping Data In Smart Cars
Dec 1, 2022 05:31 AM
China has said that automakers must apply for licences to collect geographic data using sensors on their intelligent vehicles.
Musk Sends Fresh Letter To Scrap Twitter Deal After Whistleblower Claims
Dec 1, 2022 05:31 AM
Musk has sent an additional letter of deal termination to Twitter Inc to include a recent whistleblower complaint.
Polestar Revenue Doubles As It Rides Electric Car Boom
Dec 1, 2022 05:30 AM
Polestar's revenue nearly doubled in the first half of 2022 on soaring demand and it may have to raise its prices further if material costs continue to rise.
Bosch To Invest $200 Million To Make Fuel Cell Stacks In South Carolina
Dec 1, 2022 05:30 AM
Bosch will invest more than $200 million to produce fuel cell stacks in its South Carolina facility, as the German auto supplier accelerates its transition to electrification.
Oil Gains Ahead Of OPEC+ Meeting; Russian Oil Price Cap Looms
Dec 1, 2022 05:30 AM
Oil prices climbed on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, though fears of China's COVID-19 curbs and weak global growth continued to limit gains and a potential cap on the price of Russian exports loomed.
Taiwan President Says She Looks Forward To Producing 'Democracy Chips' With U.S
Dec 1, 2022 05:30 AM
Taiwan looks forward to producing "democracy chips" with the United States, President Tsai Ing-wen told the visiting governor of the U.S. state of Arizona, Doug Ducey, the latest in a string of senior officials from the county to visit.
GM, LG Energy Joint Venture Ohio Battery Plant Begins Production
Dec 1, 2022 05:29 AM
A General Motors and LG Energy Solution $2.3 billion joint venture battery production plant in Ohio has begun production.
Toyota Triples Planned Investment To $3.8 Billion In U.S. Battery Plant
Dec 1, 2022 05:29 AM
Toyota Motor Corp will boost its planned investment in a new U.S. battery plant from $1.29 billion to $3.8 billion, partly in response to rising consumer demand for electric vehicles, the company said.