Auto Industry News
Japan To Seek U.S. Flexibility On EV Purchase Incentives, Kyodo Reports
Japan will ask the United States to be more flexible on EV purchase incentives for non-American carmakers.
VW's SEAT Says Spain's Subsidy For Battery Plant, EV Production 'Not Sufficient'
Nov 30, 2022 09:56 PM
The chief of Volkswagen's Spanish unit SEAT said the subsidies offered by Spanish authorities for a battery factory construction and electric vehicle production "is not sufficient", but voiced optimism about finding a solution.
Stellantis To Refocus China Strategy With Jeep, Maserati Brands
Nov 30, 2022 09:56 PM
Stellantis sees its future as a niche player in China through its premium brand Jeep and luxury brand Maserati, its chief financial officer said.
Lyft To Lay Off 683 Employees In Cost-Cutting Push
Nov 30, 2022 09:56 PM
Lyft Inc said it would lay off 13% of its workforce, or about 683 employees, in the ride-hailing firm's latest cost-cutting step to cope with a weakening economy.
Volkswagen Sells Weshare To Berlin-Based Carsharing Service
Nov 30, 2022 09:55 PM
Volkswagen said it would not disclose the selling price as per the agreement.
AI Chip Startup SiMa.ai Launches Auto Business With Former Bosch, Mercedes Executive
Nov 30, 2022 09:55 PM
SiMa.ai said it is entering the automotive industry and has recruited Harald Kroeger, a former executive at top tier auto supplier Bosch and Mercedes Benz, to lead that business.
Stellantis Explores Making Compact Electric Vehicles In India - CEO
Nov 30, 2022 09:54 PM
The company is yet to make a final decision
Vedanta Expects Revenue To Jump To $50 Billion In Two Years' Time - Report
Nov 30, 2022 09:53 PM
Vedanta Ltd expects annual revenue of $50 billion in the next two to three years, roughly double projected revenues for fiscal year 2023.
Iran Ready To Deliver Oil To India, Says Ambassador - Report
Nov 30, 2022 09:53 PM
Iran's ambassador to India Iraj Elahi said Iran wants to sell oil to India and is ready to deliver it.
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