Auto Industry News
EU To Propose Microchips Law In Early February, EU Chief Says
The proposal, known as the European Chips Act, will aim to adapt state aid rules, improve tools to anticipate shortages and crisis and strengthen research capacity in the bloc.
Renault Relatively Confident For 2022 Despite Some Chip Supply Worries
Apr 28, 2022 08:34 PM
Renault is "relatively confident" about its business year but still sees some problems over chips supplies which it expects to be felt mostly in the first half of 2022, said CEO Luca de Meo.
General Motors Taps Three Qualcomm Chips To Power Its Ultra Cruise Feature
Apr 28, 2022 08:31 PM
The Qualcomm chips will provide the computing power for the all-electric Celestiq, the company's planned flagship sedan.
Oil Hits Highest Since 2014 On Russia-Ukraine Tension
Apr 28, 2022 08:05 PM
Brent crude rose 1.6% while U.S. West Texas Intermediate (WTI) crude was up 1.3%.
LG Energy Solution, GM To Build $2.1 Billion Battery Factory In U.S.
Apr 28, 2022 07:56 PM
LGES and GM are expected to fund the project equally via Ultium Cells, their U.S.-based battery joint venture.
Cybertrucks, New Factories In Focus As Tesla Set To Report Record Earnings
Apr 28, 2022 07:50 PM
Chief Executive Officer Elon Musk promises an updated product roadmap on Wednesday, with eyes on the time frames for the launch of Cybertruck and a hoped-for $25,000 electric car.
Hyundai Motor Expects Vehicle Production To Rebound In H1 As Chip Supply Improves
Apr 28, 2022 07:46 PM
The shortage will continue in the first quarter due to the spread of the Omicron variant, Seo said, adding it was the prolonged COVID-19 pandemic in Southeast Asia and resulting chip sourcing troubles that pushed Hyundai's sales to less than the targeted 4 million vehicles in 2021.
Mobileye, Zeekr Aim For Self-Driving Car In China In 2024
Apr 28, 2022 07:34 PM
Mobileye plans to work with Geely Holding-backed Zeekr to launch in China what the companies claim will be the world's first mostly self-driving car in 2024.
Volkswagen China Shuts Two Plants In Tianjin Due To COVID-19 Outbreaks
Apr 28, 2022 07:30 PM
Due to the recent COVID-19 outbreaks both the FAW-VW vehicle plant and VW Automatic Transmission Tianjin component factory have been shut down since Monday.
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