Auto Industry News

Tesla, which assembles vehicles for the Chinese market in Shanghai, has been under scrutiny in China this year over its storage and handling of customer data.

MG Motor India is expected to outperform the market this year and aims to double the sales by the first quarter of 2022.

GM said the extension of the production halt at its Orion Assembly plant will go through at least Oct. 15. GM also said it was cutting production at six other North American assembly plants because of the ongoing semiconductor chips shortage.

The Villach factory, ready three months early, will make chips on 300 mm wafers thinner than a human hair, operating in tandem as a 'megafab' with an existing German plant in Dresden.

Daum said the tightening of supply could have a major impact on unit sales in the third quarter, adding he saw no signs of a fast recovery and the issue would stay with the sector for a while.

MG Motor India has reportedly expressed interest in acquiring Ford's Sanand and Chennai plants. However, the talks are in very early stages.

Volta Trucks has raised 37 million euros ($43.7 million) in its latest funding round led by hedge fund Luxor Capital and including an investment by Volta's battery supplier Proterra.

One of General Motors Co's China joint ventures said on Wednesday it is developing auto chips and aims to increase use of locally sourced chips in the next five years.