Auto Industry News

China will extend its exemption of new energy vehicles' from purchase taxes to the end of 2023

Indonesian President Joko Widodo has urged electric vehicle (EV) maker Tesla to manufacture its cars, as well as batteries, in the country, in comments made to Bloomberg News.

U.S. auto safety regulators will extend a deadline for public input on General Motors and Ford Motor petitions seeking to deploy a limited number of self-driving vehicles without human controls like steering wheels and brake pedals.

Electric auto giant Tesla said it has slashed the delivery waiting time for its Model 3 and Model Y cars in China as it ramps up output at its Shanghai plant after upgrading production lines.

Export restrictions being considered by Washington to halt China's advances in semiconductor manufacturing could come at a substantial cost, experts say, potentially disrupting fragile global chip supply chains - and hurting U.S. businesses.

Infineon, the leading supplier of microchips to the auto industry, on Wednesday reported a rise in third-quarter revenue and lifted its full-year outlook as it continues to benefit from a global shortage of semiconductors.

Doctors across Sierra Leone began an indefinite strike on Monday to protest low pay and lack of benefits, leaving dozens of patients in hospital waiting rooms in need of care.

Semiconductor stocks fell globally as an expected visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan fueled a fresh escalation in tensions between Washington and Beijing.