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Volkswagen To Produce Even Fewer Cars In 2022 Than This year: Report
Volkswagen declined to comment on the report, stating it expected a slight easing of the supply situation in 2022 but that the first half of the year would remain very volatile.
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India Approves $10 Billion Plan To Lure Semiconductor And Display Makers
India has announced the plan at a time when automakers and tech companies are grappling with a global semiconductor shortage.
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Vietnam Car Company Vingroup Starts Work On $174 Million EV Battery Plant
The battery plant, Vietnam's first EV battery project is located in central province of Ha Tinh, on a 8-hectare (20 acre) plot.
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Germany Clears Mercedes-Benz's Hands-Free Drive System
The automated system allows the driver to focus on other activities while a car equipped with the technology is in heavy traffic or on congested highways, Mercedes-Benz said in a statement.
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Volkswagen Secures Raw Materials As Part Of $34 Billion Battery Push
The venture aims to supply cathode materials to Volkswagen's European battery cell factories, which it plans to build by 2030.
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VW Americas CEO Sees Chip Shortage Lasting Into 2022, But Industry Protecting Margins
VW Group of America Chief Executive Scott Keogh is optimistic the industry can maintain those profits without returning to past bad practices.
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SAIC Mobility And Momenta To Start Public Trials Of Robotaxi Service In Shanghai
The two firms are testing 20 robotaxi vehicles in Shanghai's Jiading district to further gauge their viability for commercial use in a trial that will expand to a second Chinese city next year.
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Volkswagen Expects Chip Supply To Be Challenging At Least Until End-H1
Volkswagen said tight chip supply would continue to pose challenges to Europe's largest carmaker during at least the first half of 2022.
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General Motors Returns To Rare Earth Magnets With Two U.S. Deals
The agreements with MP Materials Inc and privately-held Vacuumschmelze are the latest push by GM to domestically source EV materials for its Ultium platform, a goal it hopes to achieve by 2025.
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Ford Partners With Salesforce To Expand Software Business
The software service, called VIIZR, will be offered starting next year by the automaker's Ford Pro commercial vehicle and services unit.
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Hyundai To Invest $530 Million To Launch Six EVs In India By 2028
Hyundai will launch affordable and premium electric models including sport utility vehicles (SUVs) and sedans, starting with its first electric vehicle (EV) in 2022
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Tesla Replacing Faulty Autopilot Cameras In Some Vehicles: Report
Tesla Inc is replacing repeater cameras in several hundred Model S, X and 3 vehicles made in the United States due to faulty circuit boards inside.
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Oil Ends Higher After A Day Of Wild Swings On OPEC, Omicron
The market sold off dramatically after the Organization of the Petroleum Exporting Countries and its allies known as OPEC+ issued a bit of a surprise by sticking to plans to boost output monthly by 400,000 barrels per day.
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OPEC+ Agrees On Planned January Oil Output Rise, Sources Say
OPEC+ has agreed to go ahead with its planned January oil output rise of 400,000 barrels per day.
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Oil Steadies, Paring Gains As Rising COVID Cases Spur Demand Worries
Oil prices climbed more than $2 a barrel after producer group OPEC+ said it could review its policy to hike output at short notice if a rising number of pandemic lockdowns chokes off demand.
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USTR Backs Efforts To Strengthen U.S. EV Industry Despite Objections
The proposed $12,500 electric vehicle tax credit would include $4,500 for EVs built in the United States by union workers, effective after 2027.
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India's Biggest Car Dealer Popular Plans $100 Million Listing: Report
Papers filed in August with India's markets regulator seeking approval for its listing show the dealer plans to raise $20 million by issuing new shares.
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Ford Aims To Be World's Second Largest Electric Vehicle Maker Within Two Years: COO
Ford's optimism stems from increasing demand for its next new EV, the Ford F-150 Lightning pickup, with retail reservations approaching 200,000, said Lisa Drake, chief operating officer of Ford North America.
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Aston Martin Finance Chief To Leave For Personal Reasons
Kenneth Gregor will depart as finance chief and executive director no later than June 30, 2022.
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Tesla Says Chinese Think Tank Report On Its Shanghai Production Is 'Inaccurate'
A Tesla representative told Reuters the figure was inaccurate, without elaborating further, but referred to the automaker's third-quarter results during which it said the Shanghai plant's potential annual output exceeded 450,000.
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