Auto Industry News
China Pledges High-Tech Support For Climate, Environmental Problems
In a new action plan, the Chinese government said it would build a "green technology innovation system" over the 2021-2025 period to tackle air, soil and groundwater pollution, reduce waste and protect ecosystems, noting that current technologies were not mature enough to serve the country's long-term needs.
Mazda To Invest $11 Billion By 2030 To Procure EV Batteries - Report
Nov 30, 2022 09:22 PM
Mazda plans to invest 1.5 trillion yen ($10.6 billion) by 2030 to procure electric vehicle (EV) batteries and cooperate with battery supplier Envision AESC.
Tesla Recalls 3,21,000 U.S. Vehicles Over Rear Light Issue
Nov 30, 2022 09:22 PM
Tesla is recalling more than 321,000 vehicles in the United States because tail lights may intermittently fail to illuminate.
French Govt To Consult Over Motorbike Road Tests After Court Order
Nov 30, 2022 09:21 PM
France government will hold consultations on introducing roadworthiness tests for motorbikes, after the country's highest administrative court ordered it to phase in such inspections in line with European Union regulations.
Saudi Wealth Fund Sets Up Electric Car Joint Venture With Foxconn
Nov 30, 2022 09:21 PM
Saudi Arabia's sovereign wealth will make electric cars in the kingdom under a joint venture with Apple supplier Foxconn.
Ford: U.S. Should Ease 'Foreign Entity' Rules So That More EVs Get Tax Credits
Nov 30, 2022 09:21 PM
Ford Motor Co said the U.S. Treasury Department should limit the definition of a "foreign entity of concern" to ensure more electric vehicles can qualify for up to $7,500 in consumer tax credits.
Brazil Road Blockades Disrupting Fuel Distribution Nationwide - Report
Nov 30, 2022 09:18 PM
Protests blocking Brazilian roads in several states are disrupting fuel distribution nationwide.
Malian Minister Says Russia Will Ship Food And Fuel To Mali In Coming Weeks
Nov 30, 2022 09:18 PM
Mali expects Russia to send shipments of fuel, fertiliser and food worth around $100 million to Mali in the coming weeks.
Oil Up Nearly 2% As Weaker Dollar Offsets China Concerns
Nov 30, 2022 09:18 PM
Oil prices rose recouping losses from the previous session, on optimism that China could reopen from strict COVID curbs.
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