Auto Industry News

Chipmaker Texas Instruments Inc forecast current-quarter revenue largely above expectations, betting on sustained demand from industrial and automotive customers and improvements in supply-chain bottlenecks

Sources suggest that the incentives, or premiums, paid to buyers of electric cars will expire completely once an allocated sum of 3.4 billion euros ($3.44 billion) from the next two years' budget is spent

The South Korean company also said it was still reviewing its 1.7 trillion won ($1.29 billion) investment for a battery plant in the U.S. state of Arizona

The German automaker said it plans to deliver ID.4 SUVs produced in Tennessee as early as October and will ramp up production to 7,000 cars per month by the end of 2022.

Indonesia's chief economics minister in a statement said the Japanese company had invested 11.3 trillion rupiah up to 2021 and was planning to expand its production in the Southeast Asian country.

Sri Lanka canvassed oil companies in petroleum-producing nations on Tuesday to import and sell their products in the Indian Ocean island, opening its market to resolve acute shortages of fuel during its worst economic crisis in decades.

India's crude oil imports in June rose nearly 21% year on year helped by a steady increase in consumption.

If you are planning to buy the Hyundai Venue, but on a tighter budget, then we would suggest looking for a pre-owned one. But before you start looking for one, here are some pros and cons you much know about.