BMW said it was making a new $1 billion investment in its Spartanburg, South Carolina plant to prepare for EV production and will spend $700 million on a new high-voltage battery assembly facility in nearby Woodruff, South Carolina, and create at least 300 jobs.
Hyundai broke ground on a $5.54 billion electric vehicle (EV) and battery plant in the United States, as South Korea's biggest automaker grapples with an uncertain outlook for its EV sales in its top market.
As the world's third largest consumer and importer of oil, India buys about 85 per cent of its needs from overseas, while its energy demands are set to rise to power its economic expansion.
Together with Ethiopia and Zambia, Chad was one of three initial countries to seek a debt restructuring under a G20 initiative, but progress has been glacial.
The incident, which occurred on Thursday in an area known as Piedra Fina in Ecuador's Napo province, has not affected operations of the Heavy Crude Pipeline (OCP in its Spanish initials), company OCP Ecuador said in a statement.
China's central bank rolled over maturing medium-term policy loans on Monday while keeping its key interest rate unchanged for a second month, in a signal that loose monetary policy would be maintained.
In FY 2021-22 about 4.4 million used vehicles were sold in the country, and here are the Top 10 used car models that Indian car buyers preferred in FY2022.
The IBB report highlights the fact that while there are several business themes at work globally, at least three are linked with the majority of the organised used vehicle platforms in India.
The Mahindra XUV700 and Scorpio have received an overwhelming market response and the increase in sales has helped Mahindra in registering the highest revenue market share in the SUV space.
The Madras High Court has directed the automakers to address the issues flagged by the state government regarding the safety of workmen with respect to the COVID-19.
For Isuzu car owners, whose warranty and free service plans have or will expire between March 1, 2021, and May 31, 2021, the company has extended the validity of the programmes until July 31, 2021.
The Ministry of Road Transport and Highways (MoRTH) has increased the pace of highway construction by 73.5 per cent as compared to the corresponding period last fiscal.
To date, Toyota India has handed over 50 oxygen concentrators to the Government of Karnataka. The company is making efforts to provide 80 more units in the future.
Electric is the future, and there's no doubt about it. However, are electric vehicles really as clean and green as advertised? Well, read on to find out,
Due to the rising number of COVID-19 cases, nearly 25 states had imposed a lockdown or some form of movement restriction. This took a heavy toll on auto retails, and in Maruti Suzuki India's case, 80 per cent of showrooms were closed.
Tesla Inc's vehicle orders in China nearly halved in May from April, against the backdrop of increased government scrutiny on the U.S. electric carmaker, the Information reported on Thursday, citing internal data.
