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Auto · 29 Apr 2022
Toshiba To Invest $1 Billion To Double Power Chip Production
The Japanese industrial conglomerate will build a cutting-edge 300-millimeter fabrication plant in central Japan for power management chips, which efficiently control electric power in cars, electronic devices, and…
Auto · 29 Apr 2022
EV Battery Giant LG Energy Solution Sees Demand Rising As Chip Shortage Eases
LG Energy Solution aims to boost sales by about 8% in 2022. The company expects that the global chip shortage will ease this year, leading to a pick-up…
Auto · 29 Apr 2022
Uber Forecasts Adjusted Earnings Of $5 Billion By Fiscal 2024
Nelson Chai, CFO, Uber Inc. forecasts gross bookings of between $165 billion and $175 billion by the fiscal year 2024
Auto · 29 Apr 2022
Volkswagen Expects Chip Shortage To Ease Later In 2022
VW CEO Herbert Diess expects the company to ramp up production in the second half of the year despite the shortage of semiconductors.
Auto · 29 Apr 2022
Benelli TRK 702 Revealed; Looks Ready For Production
The upcoming Benelli TRK 702 will sit between the TRK 502 sold in India, as well as the TRK 800 unveiled at the EICMA show last year.
Auto · 29 Apr 2022
Indian Refiners Seeking 6-mth Russian Oil Import Deal – Report
Indian refiners are negotiating a six-month oil deal with Russia to import millions of barrels per month.
Auto · 29 Apr 2022
India’s Tata Aims To Build 80,000 Electric Vehicles This Financial Year – Report
Tata Motors expects to aggressively ramp up annual production of electric vehicles to 80,000 units compared to 19,000 units it built and sold in the last financial year.
Auto · 29 Apr 2022
India Asks State Firms To Consider Buying Russian Oil Assets – Report
India has asked state-run energy companies to evaluate the possibility of buying European oil major BP's stake in sanctions-hit Russian firm Rosneft
Auto · 29 Apr 2022
Stellantis Boss Expects Chip Supply To Remain Tight This Year
Stellantis CEO Carlos Tavares said that the number of troubled suppliers was now smaller and he expected further improvements next year.
Auto · 29 Apr 2022
Ford Rides Higher Vehicle Prices To Strong Quarter, Maintains Forecast
Ford Motor Co posted better-than-expected quarterly results and maintained its profit forecast for the year, citing strong vehicle pricing that partly offset higher costs and inflation.