Auto Industry News
U.S., Mexico Resolve Panasonic Auto Parts Plant Labor Dispute
The United States and Mexico announced a resolution to a dispute at a Panasonic auto parts plant in Mexico, with workers receiving an above-inflation pay rise after the firm rejected an agreement with a union that lacked lawful bargaining authority.
UK Fast-Charging Battery Startup Nyobolt Raises $59 Million
Jul 17, 2022 04:30 PM
Nyobolt has raised 50 million pounds ($59 million) in Series B funding to build a UK manufacturing plant in 2023 to produce millions of battery cells.
Taiwan Weighs Foxconn Fine For China Chip Investment - Report
Jul 17, 2022 04:22 PM
Taiwan's government is considering fining tech giant Foxconn up to T$25 million ($835,600) over its investment in a Chinese chip conglomerate without first getting regulatory approval.
Musk Says Tesla Could Lower Car Prices If Inflation Slows
Jul 16, 2022 06:08 PM
Tesla CEO Elon Musk said the electric automaker could lower prices for cars if inflation calms down.
Munich Court Orders Tesla To Reimburse Customer For Autopilot Problems
Jul 16, 2022 05:31 PM
A Munich court has ordered Tesla to reimburse a customer most of the 112,000 euros she paid for a Model X SUV because of problems with the Autopilot function.
Oil Rises 2% As No Immediate Saudi Output Boost Expected
Jul 16, 2022 05:28 PM
Oil gained 2.5% after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up crude production.
Elon Musk Seeks To Block Twitter Request For Expedited Trial
Jul 16, 2022 05:00 PM
Elon Musk filed a motion opposing Twitter's request to fast-track a trial over his plan to terminate his $44 billion deal for the social media firm.
Vitesco Inaugurates New Manufacturing Plant In Talegaon
Jul 16, 2022 03:27 AM
New manufacturing plant to manufacture components for two-wheelers initially.
Planning To Buy A Used Maruti Suzuki Swift? Here Are Things You Should Consider First
Jul 16, 2022 01:57 AM
The Maruti Suzuki Swift is unarguably one of the most popular cars in India, and it's equally popular in the used car space as well. So, if you too are planning to get a used Maruti Suzuki Swift, then here are some pros and cons you must consider first.
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