Auto Industry

Reuters

Dec 31, 2022, 4:11 PM

India's e-Bus Ambition Hits Financing Speed Bump

India wants to deploy 50,000 e-buses in tranches over the next four to five years at an estimated cost of one trillion rupees ($12 billion).

3 Min

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  Reuters | Dec 31, 2022

  India Tax Body Clarifies Sports Utility Vehicles Definition

  To qualify as SUVs for the purpose of GST and cess cars must meet the criteria of having an engine capacity of over 1,500cc, be over 4000 mm and a ground clearance of 170 mm.

  1 min
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  Reuters | Dec 31, 2022

  Volkswagen To Refocus On Raising Productivity, Warns Of Challenging 2023 - Finance Chief

  The carmaker is targeting margin parity between electric and combustion engine cars in next 2-3 years

  0 mins
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  Reuters | Dec 31, 2022

  U.S. Opens Safety Probe Into Autonomous Driving System In GM's Cruise Vehicles

  The National Highway Traffic Safety Administration (NHTSA) said it has received notices of incidents in which self-driving Cruise vehicles "may engage in inappropriately hard braking or become immobilized."

  3 mins
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  Reuters | Dec 31, 2022

  Taiwan To Fine Foxconn For Unauthorised China Investment

  Taiwan has turned a wary eye on China's ambition to boost its semiconductor industry and is tightening legislation to prevent what it says is China stealing its chip technology.

  2 mins
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  Reuters | Dec 31, 2022

  Mahindra CEO Sees U.S. Entry For New Electric Vehicles At Least Five Years Away

  Mahindra, as part of its long-range strategy, is considering whether to build vehicles in North America, to take advantage of incentives built into the U.S. Inflation Reduction Act.

  1 min
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  Reuters | Dec 31, 2022

  Zelenskiy Says Level Of Price Cap On Russia Oil Isn't Serious

  President Zelenskiy said The $60 price cap on seaborne Russian oil agreed by Group of Seven nations and Australia is not serious and will do little to deter Russia from waging war in Ukraine.

  1 min
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  Reuters | Dec 31, 2022

  STMicro, Soitec Deepen Cooperation Over Fast-Growing Semiconductor Material

  Soitec and STMicroelectronics are deepening their cooperation over the manufacturing of a key and fast-growing material used in the electric car industry.

  1 min
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  Reuters | Dec 31, 2022

  U.S. Urges Caution On Low-Quoted Russian Oil Prices As EU Debates Price Cap

  The Biden administration broke its silence on European Union deliberations over a $65-70 per barrel Russian oil price cap, warning far-lower prices cited for some Russian Urals crude shipments should be approached with caution.

  2 mins