Auto Industry News

Hertz did not give details on why it has added fewer Tesla's than it originally planned to order.

Lopez Obrador referred to both states as a possibility when asked about the firm's plans, which Tesla has not yet commented on, during a regular news conference.

MRF's total expenses rose 14% to 53.81 billion rupees, nearly half of the increase in the first six months of the current fiscal year.

BorgWarner in December announced plans to spin-off its fuel systems and aftermarket units to focus solely on air management and e-propulsion & drivetrain units.

The battle has made it much more difficult for money-losing U.S. startups such as Rivian Automotive Inc and Lucid to grab market share at a time when high borrowing costs and inflation have pinched consumer wallets.

GlobalFoundries said the agreement for at least three years was the first of its kind and establishes a dedicated capacity exclusively for GM's key chip suppliers at their upstate New York fabrication facility.

Energy Secretary Jennifer Granholm said that, if finalized, the loan will help the project create critical materials for electric vehicle batteries.

Most immediately, Tesla's January price cuts drove deliveries of its China-made vehicles up 18% from December. Tesla's thick profit margins have put it in a position to take a price war to competitors in China and beyond, analysts say.