Auto Industry
car&bike Team
Jul 28, 2022, 9:12 PM
It's been a year since the Taigun SUV was launched in India and since then, it’s entered the lives of thousands of users, some who have upgraded to buying the SUV from a Polo or Vento and others who are new to the brand.
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Reuters | Jul 28, 2022STMicro, GlobalFoundries Plan New $5.7 Billion French Chip FactoryThe project represents the lion's share of 6.7 billion euros ($6.8 billion) of investment from major global companies that President Emmanuel Macron is due to announce at this year's Choose France summit in Versailles.3 mins read
Reuters | Jul 28, 2022S.Korea Targets Localising 50% Of Chip Materials Supply By 2030South Korea said it aimed at local sourcing for half of its materials, components and equipment in semiconductor manufacturing by 2030, up from 30% currently.1 min read
Reuters | Jul 28, 2022Redwood Materials Plans To Spend $3.5 Billion On Making EV Battery EssentialsThe auto industry has been ramping up production of electric vehicles (EV) to meet a demand surge, driving up orders for batteries and raw materials such as lithium, cobalt, etc.1 min read
Reuters | Jul 28, 2022GM's Cruise Robotaxi Unit Drives Deeper Into The RedGeneral Motors Co has lost nearly $5 billion since 2018 trying to build a robotaxi business in San Francisco, and now as the automaker's Cruise unit starts charging for rides, the losses are accelerating.4 mins read- Reuters | Jul 28, 2022U.S. Senate Votes To Advance Sweeping Semiconductor Industry BillThe legislation provides about $52 billion in government subsidies for U.S. semiconductor production as well as an investment tax credit for chip plants estimated to be worth $24 billion.2 mins read
Jaiveer Mehra | Jul 28, 2022Mahindra XUV400 Electric SUV Spied Testing Ahead Of September DebutAll-electric SUV’s design doesn’t stray far from the eXUV300 concept from the 2020 Auto Expo.1 min read
car&bike Team | Jul 30, 2022Audi India Inaugurates Audi Approved: Plus Facility In CoimbatoreAudi India recently inaugurated a new pre-owned luxury car Audi Approved: plus outlet in Coimbatore, Tamil Nadu.1 min read
Reuters | Jul 28, 2022Germany To Reduce Electric Car Subsidies In 2023The 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, according to government sources.2 mins read
