Auto Industry News

The companies could reach an agreement as early as mid-September, and Western Digital CEO David Goeckeler would run the combined firm, the person said, requesting anonymity to discuss confidential matters.

Fresh COVID-19 outbreaks fueled by the Delta variant raised concerns about the strength of the economic recovery globally.

IOC is investing 1 trillion Indian rupees ($13.49 billion) to raise its refining capacity by 25 million tonnes a year in next 2-5 year, Vaidya said, adding his company aims to maximise yields of chemical products.

The move to stop selling lidars comes after the departure of CEO John Krafcik and some other executives, which had fueled questions about whether Waymo would rethink its strategy after failing to generate significant revenue for over a decade.

Huawei was placed on a U.S. trade blacklist in 2019, after the Trump administration said it was operating contrary to national security and foreign policy interests.

Several automakers and semiconductor companies have said this month that pandemic-related disruptions in the Southeast Asian nation were hitting their supply chains.

In June, the Autonomous delivery startup Nuro had teamed up with package delivery company FedEx Corp and signed a multi-year agreement to test self-driving vehicles.

The Madras High Court's recent verdict to make 5-year 'bumper-to-bumper' motor insurance mandatory may increase the cost of vehicle acquisition by 8 to 9 per cent of its current price.