AD
Auto Industry
Reuters
Jul 28, 2022, 4:26 PM
In May, Hyundai Motor Group, which houses Hyundai Motor and Kia Corp, said it would invest 63 trillion won ($48.1 billion) in South Korea through to 2025.
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Reuters | Jul 28, 2022Bosch Invests 3 Billion Euros In Chips, Says Shortage To Last Into 2023Technology group Bosch expects supply bottlenecks for some types of chips to last into 2023 even as inflation reduces demand for certain consumer goods, the company said on Wednesday as it announced a 3 billion euro investment in chip production.1 min read
Reuters | Jul 28, 2022Mahindra Aims To Lead Electric SUV Sales In India With New EV UnitMahindra is the latest Indian automaker to tap global green funds by hiving off its clean mobility business into a separate unit, taking a page from its rival Tata Motors' playbook2 mins read
Reuters | Jul 28, 2022Iveco To Leave Russia, To Transfer Stake In Truck JV To Local PartnerIveco has a 33% stake in the AMT truck assembly joint venture with a local partner. Earlier this year, Marx said Iveco had started assessing whether to exit the JV and that, in the meantime, it had suspended its participation in the JV's activities.2 mins read
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Reuters | Jul 28, 2022Renault: Expects Higher Production Of Semi-Conductors In Second Half Of This YearRenault is seeing some improvement regarding the availability of semi-conductors.1 min read
Reuters | Jul 28, 2022GM Outsells Toyota In Q2 As Inventory Shortages LingerGM, which lost its crown as the U.S. sales leader last year for the first time since 1931 to Toyota, said it sold 582,401 vehicles in the quarter through June, 15% lower than a year earlier.2 mins read
Reuters | Jul 28, 2022U.S. Opens Special Probe Into Fatal Tesla Pedestrian Crash In CaliforniaU.S. auto safety regulators have opened a special investigation into a fatal pedestrian crash in California involving a 2018 Tesla Model 3 where an advanced driver assistance system is suspected of use.2 mins read
Reuters | Jul 28, 2022China's Great Wall Motor Shelves $1 Billion India PlanChina's Great Wall Motor has shelved plans to invest $1 billion in India and laid off all employees at its operations there after failing to obtain regulatory approvals, three sources with direct knowledge of the matter said.2 mins read
