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VW's SEAT Says Spain's Subsidy For Battery Plant, EV Production 'Not Sufficient'

Nov 6, 2022 06:47 PM

1 mins read

The chief of Volkswagen's Spanish unit SEAT said the subsidies offered by Spanish authorities for a battery factory construction and electric vehicle production "is not sufficient", but voiced optimism about finding a solution.

Stellantis To Refocus China Strategy With Jeep, Maserati Brands

By Reuters

Nov 6, 2022 06:36 PM

Stellantis sees its future as a niche player in China through its premium brand Jeep and luxury brand Maserati, its chief financial officer said.

Delhi Stops Construction As Pollution Set To Worsen

By Reuters

Nov 6, 2022 06:34 PM

Delhi has suspended most construction and demolition activities as air quality in the Indian capital is set to worsen.

Lyft To Lay Off 683 Employees In Cost-Cutting Push

By Reuters

Nov 6, 2022 06:29 PM

Lyft Inc said it would lay off 13% of its workforce, or about 683 employees, in the ride-hailing firm's latest cost-cutting step to cope with a weakening economy.

AI Chip Startup SiMa.ai Launches Auto Business With Former Bosch, Mercedes Executive

By Reuters

Nov 6, 2022 06:28 PM

SiMa.ai said it is entering the automotive industry and has recruited Harald Kroeger, a former executive at top tier auto supplier Bosch and Mercedes Benz, to lead that business.

Delhi Wrestles With 'Hazardous' Air Pollution, Primary Schools Shut

By Reuters

Nov 6, 2022 05:28 PM

Authorities in New Delhi ordered primary schools to shut from Saturday, and told schools to stop outdoor activities for older children as air in the world's most polluted capital had become a severe risk to health.