Auto Industry News

The U.S. House of Representatives passed the sweeping legislation on Thursday to subsidise the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers.

Edelweiss General Insurance says its new add-on product allows customers to get an attractive discount on their Own Damage premium by up to 25 per cent. Customers can choose from three slabs for annual car insurance.

Ferrari 488 GT3 successor to compete in races from the 2023 season and marks the return of V6-powered models to Ferrari's GT racing program.

The deliveries of the new Mahindra Scorpio-N will begin September 26, 2022, onwards, as over 20,000 units are planned for delivery by December 2022.

The departure of Karpathy, who provided no reason for leaving, comes at a critical time as Tesla Chief Executive Elon Musk races to achieve full self-driving capability this year, after missing earlier targets several times.

Indian refiners have done the opposite, snapping up more Russian crude while the government explores ways to protect domestic oil firms from punishment should they fall foul of sanctions.

Euro zone inflation hit yet another record high in June, strengthening the case for rapid European Central Bank rate increases, while U.S. consumer sentiment hit a record low.

This would be down from its record deliveries of 310,048 the preceding quarter, marking Tesla's first quarter-on-quarter decline in deliveries since the first quarter of 2020.