Auto Industry News
GM Extends EV Bolt Production Halt To Mid-October
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.
Infineon Opens Austria Plant Early In Chip Capacity Boost
Sep 18, 2021 06:37 PM
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.
Daimler Truck Boss Says Chip Supply Has Tightened Further
Sep 18, 2021 06:25 PM
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 Interested In Acquiring Ford's Manufacturing Plants: Report
Sep 18, 2021 06:13 PM
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 Raises $43.7 Million In Latest Funding Round
Sep 18, 2021 01:18 AM
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.
General Motors' China Joint Venture Develops Own Auto Chips
Sep 18, 2021 12:59 AM
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.
Hero MotoCorp Launches COVID-19 Welfare Package In Haridwar
Sep 17, 2021 11:40 PM
The company has launched a unique support program for 60 COVID-19 affected families in Haridwar.
Citroen India To Launch Three New Models By 2024
Sep 17, 2021 11:37 PM
While the C3 is going to be Citroen's second India launch, going on sale early 2022, and the company will launch two more models coming off the same platform in the following two years.
Exclusive: Volkswagen Bags Over 10,000 Pre-Bookings For Taigun; Aims To Sell 6,000 Units Every Month
Sep 17, 2021 11:25 PM
Volkswagen had opened bookings for the Taigun compact SUV on August 18, and so it has received over 10,000 pre-orders for the new SUV. Once production is fully ramped up, the company aims to sell about 5,000 to 6,000 units every month.
Upcoming Launches
