Auto Industry
Reuters
Jul 29, 2022, 7:31 PM
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.
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Reuters | Jul 29, 2022Russian Gas Cut To Europe Hits Economic Hopes, Ukraine Reports Attacks On Coastal RegionsRussia said it will cut gas supplies to Europe in a blow to countries that have backed Ukraine.4 mins read
Seshan Vijayraghvan | Jul 29, 2022Planning To Buy A Used Kia Seltos? Here Are Things You Need To ConsiderThe 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.2 mins read
Reuters | Jul 29, 2022U.S. Senate Passes Bill To Boost Chip Manufacturing, Compete With ChinaThe "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.3 mins read
Reuters | Jul 29, 2022Wary Shoppers Muddy Outlook For Tech, Auto Firms In AsiaTech 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.4 mins read
Reuters | Jul 29, 2022Panasonic's Q1 Profit Hit By China Lockdowns, Rising Material CostsPanasonic 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.2 mins read
Reuters | Jul 29, 2022Canada Welcomes U.S. Bill To Expand North American EV Tax CreditsThe bill includes an expansion of tax credits for electric vehicles produced in North America that does not discriminate against those manufactured in Canada.2 mins read
Reuters | Jul 29, 2022Carmaker BYD To Recall More Tang DM Hybrids In China Over Battery Faults - RegulatorBYD, 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, 20221 min read
Jaiveer Mehra | Jul 29, 2022Ashok Leyland Reports Rs 68 Crore Profit in Q1 FY 2023Company reported a net revenue growth of 145% year on year for the first quarter.2 mins read
