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Auto · 30 Apr 2022
Ford, Suzuki To Get Incentives Under India’s $3.5 Billion Clean Fuel Scheme
The ministry of heavy industries said it has approved applications from 20 companies which also include Kia Motors, Tata Motors, Mahindra & Mahindra and Softbank-Group Ola Electric.
Auto · 30 Apr 2022
Tesla Recalls Nearly 579,000 U.S. Vehicles Over Pedestrian Warning Risk Sounds
Tesla will perform an over-the-air software update that will disable the Boombox functionality when the vehicle is in Drive, Neutral and Reverse modes.
Auto · 30 Apr 2022
Ford Reconsiders India After Halting Production, This Time For EVs
Ford said it was exploring the possibility of using a plant in India as an export base for EV manufacturing that could potentially be sold in the country…
Auto · 30 Apr 2022
Semiconductor Chip Supply To Normalise In 2022, Says Mexico’s Auto Industry
A return to more normal supplies of semiconductors would allow Mexican carmakers to increase use of installed capacity.
Auto · 30 Apr 2022
EU Car Sales To Rise 7.9% In 2022 As Chip Supply Stabilises: Report
The European Automobile Manufacturers' Association (ACEA) represents the 16 major Europe-based automakers and said this would follow a 2.4 per cent decline in 2021 due to a shortage…
Auto · 30 Apr 2022
Varroc Engineering To Sell Europe, Americas 4-Wheeler Lighting Business For $631 Million
Varroc, which will retain its 4-wheeler lighting operations in Asia, said it will continue to operate its China joint venture and its other businesses in countries such as…
Auto · 30 Apr 2022
GM Says ‘Progress’ Made In Wage Talks With New Union In Mexico
The pay negotiations are part of a high-profile test case for a new trade deal that seeks to close the vast gap between U.S. and Mexican wages.
Auto · 30 Apr 2022
Samsung Electronics Sees Component Shortages Persisting In H2, Solid Server Chip Demand
In the chip contract manufacturing business which counts Qualcomm and Nvidia as clients, Samsung said its order book for the next five years was eight times its 2021…
Auto · 30 Apr 2022
Beijing Grants Baidu, Pony.Ai New Driverless Robotaxi Permits
The permits are the latest set of approvals the municipal government has handed out over the past year to the two companies, which have been allowed to test…
Auto · 30 Apr 2022
Qualcomm Forecasts Upbeat Revenue As Diversification Bet Pays Off
The robust earnings outlook and record quarterly revenue for the last quarter immediately pushed Qualcomm shares up about 5% in after-hours trading.