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Volkswagen To Cut Up To 4,000 Jobs: Report
The Volkswagen Group said in January it would cut overhead costs by 5% and procurement costs by 7% over the next two years.
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Shell's 2020 Carbon Emissions Fall On The Back Of Fuel Sales Drop
Shell has begun a major overhaul to shift away from oil and gas to low-carbon energy, power trading and retail in order to reduce its greenhouse gas emissions to net zero by mid-century.
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Posco's Steel Plant In India Faces Disruption, Hampers Auto Supply Chain
SIAM said the disruption comes at a time when companies are still recovering from the impact of COVID-19 and this could be a major setback for the economy.
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India's February Fuel Demand Falls To Five-Month Low
Earlier this month, India said a decision by major producers to extend oil output cuts could derail any consumption led-recovery in some countries since it keeps global prices elevated.
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Tesla Investor Sues Musk, Claims Tweets Violate SEC Settlement
The complaint highlighted several Musk posts on social media platform Twitter, including his assessment last May 1 that Tesla's stock price was "too high," prompting a more than $13 billion tumble in Tesla's market value.
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Ford To Launch Recall Of 2.9 Million Vehicles For Airbag Inflators
Ford Motor Co will begin notifying owners on April 1 in its new recall of 2.9 million vehicles in North America
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Tesla In Talks With Tata Power For EV Charging Infrastructure: Report
Tesla Inc is exploring an arrangement with Indian conglomerate Tata Sons' power generation unit, Tata Power, to set up charging infrastructure for electric vehicles in the country.
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Malaysia's AirAsia Group Plans Air Taxi, Drone Delivery Service
As part of the group's diversification push, it also aims to launch a ride-hailing service next month as COVID-19 continues to hit air travel.
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EV Rollout Will Require Huge Investments In Strained U.S. Power Grids
A model utility with two to three million customers would need to invest between $1,700 and $5,800 in grid upgrades per EV through 2030, according to Boston Consulting Group.
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Hyundai Motor Revises Down Fourth-Quarter Operating Profit After Costly Kona EV Recall
South Korea's Hyundai Motor Co revised down its fourth-quarter operating profit by nearly a fifth after a costly $900 million recall to replace battery systems in some 82,000 electric vehicles globally.
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Honda To Sell Limited Batch Of Level Three Self-Driving Cars
The Japanese automaker's plan to sell 100 of the vehicles with the advanced technology would represent a significant step towards its goal of being the first company to mass produce a car with level 3 technology.
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GM Extends Vehicle Production Cuts Due To Semiconductor Chip Shortage
The extended cuts do not change GM's forecast last month that the shortage could shave up to $2 billion from this year's earnings.
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India Woos Tesla With Offer Of Cheaper Production Costs Than China: Report
India wants to boost local manufacturing of electric vehicles (EVs), batteries and other components to cut costly imports and curb pollution in its major cities.
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Fiat Chrysler Automobiles Pleads Guilty In U.S. Labor Probe
The Justice Department said Fiat Chrysler conspired to make more than $3.5 million in illegal payments to then-UAW officers from 2009 through 2016.
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China's Huawei, Reeling From U.S. Sanctions, Plans Foray Into EVs
Huawei has been developing a swathe of technologies for EVs for years including in-car software systems, sensors for automobiles and 5G communications hardware.
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Volkswagen Sees Strong Rebound After Containing COVID
Deliveries and sales, which were both hit by the pandemic in 2020, are seen up significantly this year, the company said.
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India To Clear 45 Investments From China, Likely To Include Great Wall, SAIC: Report
The change in the Indian government's stance follows an improvement in the border situation. Troops who were in eyeball to eyeball confrontation in territory claimed by both sides have been withdrawn, the two countries announced on Sunday.
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Taiwan Says Receives U.S. Letter On Auto Chips, Firms Are Doing What They Should
Tight chip supplies have caused problems for auto makers globally, who in some cases are having to curtail production.
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Air Pollution Led To Around 54,000 Premature Deaths In New Delhi In 2020: Study
The study by Greenpeace Southeast Asia Analysis and Swiss firm IQAir measured air quality by recording the concentration of poisonous PM2.5 particles, which are less than 2.5 microns in diameter and can cause deadly diseases, including cancer and cardiac problems.
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Honda CEO Hachigo To Step Down, Be Replaced By R&D Chief Mibe
During his six years as CEO, Hachigo sought to simplify the vehicle development process by combining some operations for cars and motorcycles.
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