Auto Industry News

Foxconn Sets Sights On Making EVs In Europe, India And Latin America
Foxconn aims to become a major player in the global EV market and has clinched deals with U.S. startup Fisker Inc and Thailand's energy group PTT PCL.

Xiaomi CEO Says Firm To Mass Produce Its Own Cars In H1 2024
Oct 20, 2021 06:32 PM
Xiaomi Corp CEO Lei Jun reportedly aims for the company to mass produce its own cars by the first half of 2024. The date marks the next major target for the company's fledgling electric vehicle (EV) division.

At Least 50% Of Aston Martin Car Sales Should Be Electric By 2030, Says CEO
Oct 20, 2021 06:25 PM
At least 50% of Aston Martin's sales should be electric models by 2030, said CEO Tobias Moers on Tuesday.

Volkswagen Executive Sees Global Chip Shortage Running Well Into 2022
Oct 20, 2021 05:50 PM
Volkswagen AG's top Americas executive said on Tuesday the global semiconductor chip shortage will run well into next year. "Without a doubt, this shortage is going to go well into 2022, at least the second half of '22," Volkswagen Group of America Chief Executive Scott Keogh.

Planning To Buy The Renault Kwid? Here Are 5 Pros And Cons
Oct 19, 2021 03:56 PM
The Renault Kwid is one of the more popular entry-level hatchbacks in the country. And if you are planning to buy the car right now, we would ask you to check out these 5 pros and cons first.

Foxconn Bullish On Electric Vehicle Prospects As It Shows Off Three Prototypes
Oct 19, 2021 01:28 AM
Taiwan's Foxconn unveiled its first three electric vehicle prototypes on Monday, underscoring ambitious plans to diversify away from its role of building consumer electronics for Apple Inc and other tech firms.

Mercedes AMG S63e Spied, A Hybrid With More Than 690 bhp
Oct 18, 2021 11:35 PM
The car looks ready for production and it could launch in 2022 though delays could happen thanks to the global semiconductor crisis.

Tata Punch EV Under Consideration
Oct 18, 2021 09:19 PM
We told you that Tata Motors was open to the idea of developing an EV iteration of the new Tata Punch and now the carmaker has confirmed that the Tata Punch EV is in the conceptualisation phase.

Ford To Invest Around $300 Million To Build Electric Car Parts At UK Plant
Oct 18, 2021 05:52 PM
Ford said on Monday it would invest up to 230 million pounds ($316 million) to build electric car components at its Halewood factory in northern England.

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