Auto Industry News

Infineon, the leading supplier of microchips to the auto industry, on Wednesday reported a rise in third-quarter revenue and lifted its full-year outlook as it continues to benefit from a global shortage of semiconductors.

Export restrictions being considered by Washington to halt China's advances in semiconductor manufacturing could come at a substantial cost, experts say, potentially disrupting fragile global chip supply chains - and hurting U.S. businesses.

Electric auto giant Tesla said it has slashed the delivery waiting time for its Model 3 and Model Y cars in China as it ramps up output at its Shanghai plant after upgrading production lines.

U.S. auto safety regulators will extend a deadline for public input on General Motors and Ford Motor petitions seeking to deploy a limited number of self-driving vehicles without human controls like steering wheels and brake pedals.

Indonesian President Joko Widodo has urged electric vehicle (EV) maker Tesla to manufacture its cars, as well as batteries, in the country, in comments made to Bloomberg News.

China will extend its exemption of new energy vehicles' from purchase taxes to the end of 2023

Aeva Technologies Inc said it has reached a deal with a German firm to sell its sensors for industrial uses such as automating manufacturing lines with machines and self-driving mining trucks.

Italy is close to clinching a deal initially worth $5 billion with Intel to build an advanced semiconductor packaging and assembly plant in the country, two sources briefed on discussions told Reuters.