Auto Industry News
AGCO Ransomware Attack Disrupts Tractor Sales During U.S. Planting Season
AGCO Corp said a ransomware attack was affecting operations at some of its production facilities, and dealers said tractor sales had been stalled during the crucial planting season.
EV Maker Nikola Jumps On Securing Supplies To Meet 2022 Delivery Target
May 9, 2022 12:13 AM
Electric vehicle maker Nikola Corp said it had secured sufficient component supplies to meet its delivery target of between 300 and 500 Tre battery electric trucks this year, sending its shares more than 7% higher.
Volta Trucks Unveils Two Smaller Truck Models For Urban Markets
May 9, 2022 12:07 AM
Commercial electric vehicle (EV) startup Volta Trucks unveiled two smaller zero-emission truck models that will start production in 2025, opening more options for urban deliveries and in EU markets with restrictions for Sunday operations.
Brazil's Vale Signs Long-Term Deal To Supply Tesla With Nickel
May 9, 2022 12:00 AM
ale SA said it has signed a long-term deal with Tesla Inc to supply the U.S.-based electric vehicle maker with nickel from its Canadian operations.
Semcorp To Invest $916 Million To Make EV Battery Components In Ohio
May 8, 2022 11:50 PM
Semcorp plans to invest $916 million in a manufacturing plant in Sidney, Ohio.
Startups Apply Artificial Intelligence To Supply Chain Disruptions
May 8, 2022 11:21 PM
Coronavirus, war in Ukraine, Brexit and a container ship wedged in the Suez Canal have combined to delay deliveries.
Oil Jumps $5 A Barrel As EU Nears Ban On Russian Oil
May 8, 2022 11:09 PM
Oil prices jumped, as the European Union, the world's largest trading bloc, spelled out plans to phase out imports of Russian oil.
Volkswagen To Rely On Qualcomm Chips For Automated Driving - Report
May 8, 2022 10:50 PM
Volkswagen has set up a years-long partnership with U.S. chip maker Qualcomm to develop automated driving technology, with the contract set to run until 2031.
U.S. To Spend More Than $3 Billion On EV Battery Manufacturing - Report
May 8, 2022 10:17 PM
The Biden administration will allocate more than $3 billion in infrastructure funding to finance electric vehicle (EV) battery manufacturing.
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