Auto Industry News
U.S. Reviews LG Energy Solution Batteries To Ensure Adequate Recalls
The auto safety agency noted Mercedes-Benz, Chrysler-parent Stellantis, General Motors and Hyundai Motor have issued recalls since 2020 due to internal failures in high-voltage vehicle batteries that pose fire risks. Batteries produced by LG Energy Solution.
Mercedes-Benz Accelerates In-House Software Push With New Tech Centre
Apr 26, 2022 07:50 PM
Mercedes-Benz is planning around 750 of the 3,000 new hires globally to develop the operating system were hired in Sindelfingen, working on features from in-vehicle entertainment to autonomous driving.
EV Parts Maker Schaeffler Signs First Of A Kind European Rare Earth Deal
Apr 26, 2022 07:32 PM
Schaeffler has agreed a five-year deal with Norway-based REEtec to supply rare earth oxides from 2024.
Tesla Should Not Import Cars From China For Domestic Sale: Nitin Gadkari
Apr 26, 2022 07:22 PM
Union Minister for Road Transport and Highways, Nitin Gadkari, has said that Tesla Inc is welcome to set up shop in India, make cars there for sale and export them, but must not import cars from China.
Honda Developing Three New Electric Vehicle Platforms By 2030 - Report
Apr 26, 2022 07:21 PM
Honda has said it plans to build two million electric vehicles globally by 2030, including the mid-size models being developed with GM.
Palladium Falls Nearly 13% On Worries Over China Demand Hit
Apr 26, 2022 07:18 PM
Palladium, used in vehicle exhausts to curb emissions, has retreated nearly 40% since hitting an all-time high in early March
Brookfield To Buy Automotive Software Maker CDK Global For $6.41 Billion
Apr 26, 2022 07:14 PM
Brookfield Business Partners is buying CDK Global Inc for $6.41 billion in cash, taking private the last major publicly traded provider of software to auto dealers and manufacturers.
BMW CEO Warns Against Electric-Only Strategy
Apr 26, 2022 07:07 PM
BMW Chief Executive Officer Oliver Zipse has long advocated against all-out bans on combustion engine car sales in the face of rising pressure from regulators on the auto industry to curb its carbon emissions and environmental impact.
Honda To Spend $64 Billion On R&D As It Revs Up Electric Ambitions
Apr 26, 2022 07:03 PM
Japan's Honda Motor Co Ltd plans to spend $64 billion on research and development over the next decade, the company said on Tuesday, laying out an ambitious target to roll out 30 electric vehicle models globally by 2030.
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