Auto Industry News

Volkswagen may need to cut production further due to a semiconductor supply crunch, the German carmaker said on Thursday, after a report that Toyota would slash output by 40% in September.

China's Geely Automobile Holdings Ltd retained its annual sales target on Wednesday, betting that new vehicle launches will offset the short-term impact of a global chip shortage and a resurgence of the coronavirus pandemic.

Toyota Motor Corp said it will slash global production for September by 40% from its previous plan, becoming the last major automaker to cut output due to a global chip crunch, but it maintained its annual sales and production targets.

Hyderabad-based e-mobility start-up, RACEnergy, has announced raising $1.3 million or Rs. 9.67 crore in funding in a Seed+ round led by Micelio Fund and growX ventures.

The Autonomous Level 2 MG Astor is powered by mid-range radars and a multi-purpose camera that can realize a series of advanced driver-assistance systems (ADAS).

Nissan and its union have been locked in an industrial arbitration dispute since July after the two sides failed to reach a mutual agreement over several issues including higher wages. A previous wage agreement expired in March 2019.

Tata Motors took the wraps off the Tigor EV, which will be on sale for the private car buyers and not only for fleet operators. Here are the top five highlights of the Tata Tigor EV.

MG Motor India has revealed industry-first personal AI assistant and first-in-segment Autonomous Level 2 technology for its upcoming Astor compact SUV. It will bring an AI-enabled era to cars in India, and the company will extend the technology to its future models.