Auto Industry News

Scaringe said Rivian, whose shares closed up 10.7% at $63.71, idled the plant for the first 10 days of January to make changes on the production lines in a move to boost output.

According to the report, the investigation began last year after Kimbal sold shares of the electric carmaker valued at $108 million, a day before Musk polled Twitter users asking whether he should offload 10% of his stake in Tesla.

India-Bangladesh Auto Components Show 2022 witnessed participation from over twenty ACMA members.

Avtovaz, controlled by French carmaker Renault, plans to resume its Togliatti operations in full on Tuesday, March 1, it said.

Air India has a mixed fleet of over 140 Airbus and Boeing planes, and industry executives estimate it would cost Tata more than $1 billion to refurbish the aging aircraft.

Polestar said it has signed letters of intent to work with Norwegian aluminium maker Norsk Hydro, Swedish airbag and seatbelt maker Autoliv, LG Corp lighting and electronics unit ZKW Group, ZF and SSAB to eliminate carbon emissions in different areas of its electric vehicles (EVs).

Lucid is not aware of any instances of the part failing in its vehicles, but it expects about 1% of the 203 potentially affected cars may have the incorrectly installed part.

Thailand's cabinet on Tuesday approved tax incentives to promote a shift to electric vehicles (EVs), and to attract "high potential" foreigners to help boost the economy, the finance minister said.