Latest News

India Tax Body Clarifies Sports Utility Vehicles Definition
To qualify as SUVs for the purpose of GST and cess cars must meet the criteria of having an engine capacity of over 1,500cc, be over 4000 mm and a ground clearance of 170 mm.

Volkswagen To Refocus On Raising Productivity, Warns Of Challenging 2023 - Finance Chief
Dec 31, 2022 04:10 PM
The carmaker is targeting margin parity between electric and combustion engine cars in next 2-3 years

U.S. Opens Safety Probe Into Autonomous Driving System In GM's Cruise Vehicles
Dec 31, 2022 04:10 PM
The National Highway Traffic Safety Administration (NHTSA) said it has received notices of incidents in which self-driving Cruise vehicles "may engage in inappropriately hard braking or become immobilized."
Taiwan To Fine Foxconn For Unauthorised China Investment
Dec 31, 2022 04:10 PM
Taiwan has turned a wary eye on China's ambition to boost its semiconductor industry and is tightening legislation to prevent what it says is China stealing its chip technology.

Mahindra CEO Sees U.S. Entry For New Electric Vehicles At Least Five Years Away
Dec 31, 2022 04:10 PM
Mahindra, as part of its long-range strategy, is considering whether to build vehicles in North America, to take advantage of incentives built into the U.S. Inflation Reduction Act.

Panasonic Agrees To Supply EV Batteries To Lucid Group
Dec 31, 2022 04:10 PM
Panasonic Holdings concluded an agreement to supply lithium-ion batteries to EV maker Lucid Group.

Zelenskiy Says Level Of Price Cap On Russia Oil Isn't Serious
Dec 31, 2022 04:10 PM
President Zelenskiy said The $60 price cap on seaborne Russian oil agreed by Group of Seven nations and Australia is not serious and will do little to deter Russia from waging war in Ukraine.

STMicro, Soitec Deepen Cooperation Over Fast-Growing Semiconductor Material
Dec 31, 2022 04:10 PM
Soitec and STMicroelectronics are deepening their cooperation over the manufacturing of a key and fast-growing material used in the electric car industry.
U.S. Urges Caution On Low-Quoted Russian Oil Prices As EU Debates Price Cap
Dec 31, 2022 04:09 PM
The Biden administration broke its silence on European Union deliberations over a $65-70 per barrel Russian oil price cap, warning far-lower prices cited for some Russian Urals crude shipments should be approached with caution.
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