Auto Industry News
Auto Parts Maker Aptiv Joins Rivals To Flag Earnings Hit From China Lockdowns
Aptiv has a "heavy presence" in Shanghai, a city that has been under strict lockdowns due to surging COVID-19 cases.
Uber To Cut Costs, Slow Down Hiring, CEO Tells Staff
May 29, 2022 12:31 AM
The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc
Factbox - South Korean EV Battery Makers In $13 Billion Spree To Win U.S. Market
May 29, 2022 12:28 AM
South Korean battery makers have stepped up their U.S. investment ambitions and cumulative spending announcements since 2018
Indian Shares Fall As Metals Tumble; Automobiles Help Cap Losses
May 29, 2022 12:20 AM
India announced a series of changes to the tax structure levied on fuel and crucial commodities in a bid to help fight surging inflation.
Japan's Subaru To Build Its First Electric Vehicle Factory
May 29, 2022 12:13 AM
Subaru plans to launch a mixed-production line of gasoline and electric vehicles around 2025 before opening an EV-only production line in the new factory after 2027
Ather Energy Says Damaged E-Scooter Due To Accident Caused Short-Circuit, Fire
May 28, 2022 11:58 PM
Upon investigating a fire in the Ather Energy dealership in Chennai, Ather has pinned the cause to a crack in the battery casing of the vehicle, which was caused by an earlier accident. No injuries were reported.
CATL Planning EV Battery Production In United States, Vetting Sites - Report
May 28, 2022 10:06 PM
CATL, the world's largest battery maker, is in the final stages of vetting sites in the United States to build electric vehicle batteries.
Varroc Engineering To Sell Europe, Americas 4-Wheeler Lighting Business For $631 Million
May 28, 2022 09:45 PM
Varroc, which will retain its 4-wheeler lighting operations in Asia, said it will continue to operate its China joint venture and its other businesses in countries such as Italy, Vietnam, Poland and Romania.
Long Fuel Queues Persist In Sri Lanka Despite Scramble To Deliver Supplies
May 28, 2022 09:01 PM
Long queues snaked around gas stations in Sri Lanka's commercial capital and its outskirts on Monday even though the island nation's government was scrambling to deliver fuel supplies and douse any unrest as it battles a devastating economic crisis.
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