Auto Industry News

U.S. Senate Votes To Advance Sweeping Semiconductor Industry Bill
The U.S. Senate voted 64-32 to advance legislation to dramatically boost U.S. semiconductor manufacturing in a bid to make the domestic industry more competitive with China.

Russian Gas Cut To Europe Hits Economic Hopes, Ukraine Reports Attacks On Coastal Regions
Jul 30, 2022 12:49 AM
Russia said it will cut gas supplies to Europe in a blow to countries that have backed Ukraine.

Planning To Buy A Used Kia Seltos? Here Are Things You Need To Consider
Jul 30, 2022 12:38 AM
The Kia Seltos has been in the market for around three years now and if you were to look for a pre-owned one, you will find enough options in the used car space. Here are some pros and cons you need to consider first.

U.S. Senate Passes Bill To Boost Chip Manufacturing, Compete With China
Jul 29, 2022 11:25 PM
The "Chips and Science" act provides about $52 billion in government subsidies for U.S. semiconductor production and an investment tax credit for chip plants estimated to be worth $24 billion.

Wary Shoppers Muddy Outlook For Tech, Auto Firms In Asia
Jul 29, 2022 11:26 PM
Tech and auto firms with factories in China have faced business disruptions in the world's second-largest economy due to COVID-19 lockdowns even as the war in Ukraine has pushed up energy and logistics costs.

Panasonic's Q1 Profit Hit By China Lockdowns, Rising Material Costs
Jul 29, 2022 11:16 PM
Panasonic does not currently plan to increase the price of the auto batteries it builds for Tesla, even though it is paying more for the cobalt and other materials it uses to make them.

Canada Welcomes U.S. Bill To Expand North American EV Tax Credits
Jul 29, 2022 11:13 PM
The bill includes an expansion of tax credits for electric vehicles produced in North America that does not discriminate against those manufactured in Canada.

Carmaker BYD To Recall More Tang DM Hybrids In China Over Battery Faults - Regulator
Jul 29, 2022 11:10 PM
BYD, the world's biggest electric vehicle maker by sales, will recall 52,928 of the best-selling plug-in hybrid model produced between April 5, 2021 and April 18, 2022

Ashok Leyland Reports Rs 68 Crore Profit in Q1 FY 2023
Jul 29, 2022 09:44 PM
Company reported a net revenue growth of 145% year on year for the first quarter.

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