Auto Industry News
Toshiba To Invest $1 Billion To Double Power Chip Production
The Japanese industrial conglomerate will build a cutting-edge 300-millimeter fabrication plant in central Japan for power management chips, which efficiently control electric power in cars, electronic devices, and industrial equipment.
Japan Urges More Chip Tie-Ups With Taiwan At Trade Talks
Apr 29, 2022 11:43 PM
Japan called for greater collaboration with Taiwan on semiconductors at a bilateral economic and trade meeting.
Pricey Models Help GM Outrace First-Quarter Supply Chain Snarls
Apr 29, 2022 11:39 PM
GM's net income dipped slightly to $2.9 billion in the quarter, compared with analysts' estimates of $2.45 billion, as higher prices were not enough to offset an increase in costs.
Stellantis Boss Expects Chip Supply To Remain Tight This Year
Apr 29, 2022 11:02 PM
Stellantis CEO Carlos Tavares said that the number of troubled suppliers was now smaller and he expected further improvements next year.
Small Car Market Shrinking In India Cause Of Concern For Maruti Suzuki
Apr 29, 2022 09:59 PM
The entry-level segments have declined by 25 percent in the last 4 years.
Maruti Suzuki Net Profits Decline 11 Percent In FY 2021-22
Apr 29, 2022 09:47 PM
Carmaker reported a decline in net profits despite a 26 percent increase in net sales year-on-year.
Toyota's Thai Unit Agrees To Boost EV Incentives
Apr 29, 2022 06:04 PM
Toyota Motor Thailand to receive tax breaks and subsidies to help make EVs cheaper
Oil Eases As China Lockdowns Weigh On Demand Outlook
Apr 29, 2022 05:41 PM
Brent crude futures rose 15 cents to $107.74 a barrel by 0410 GMT while U.S. West Texas Intermediate crude dipped 3 cents to $105.33 a barrel
Govt Denies Asking EV Makers To Halt Electric Two-Wheeler Launches
Apr 29, 2022 04:02 PM
The Ministry of Road Transport and Highways (MoRTH) has taken to social media to issue a clarification that it has not issued any instruction to EV manufacturers.
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