Auto Industry News

No fines will be issued for now, but Paris plans to start fining from early 2023, while the government deploys more noise radars in other French cities and tests out procedures for automating the fines as part of a 2019 mobility law.

CalPERS, which has approximately $492 billion under management, bought slightly more than 305,000 shares in the company, while the $191 billion Teacher Retirement System of Texas fund took a position of about 33,000 shares in the company.

The buses, made by NFI Group unit Alexander Dennis Limited (ADL) with powertrain and motor supplied by BYD Co Ltd, will be run by National Express in the British city of Coventry.

TSMC, which is the world's largest contract chip maker, announced the $7 billion factory in southern Japan in November and construction is scheduled to start this year, with production beginning by the end of 2024.

In the first two years, the measures will focus on encouraging widespread domestic use of EVs by providing tax breaks and subsidies for imported models and those made locally, he said.

Spurred on by looming bans on combustion engines in China and Europe, major automakers are striving to bring their commercial electric vehicles (EV) to market fast and ensure they don't get caught out again by another Tesla.

GM said it planned to resume production of the Bolt at its Orion Township, Michigan plant the week of April 4.

Carmakers around the world have been hit by a shortage of semiconductors caused by COVID-19 supply-chain disruptions as well as soaring semiconductor demand at consumer electronic companies.