Auto Industry News

Tata Motors plans to launch electric cars with a minimum range of 500 kilometres (310 miles) and advanced technology features, targeting buyers in India and beyond.

Elon Musk's $44 billion takeover of Twitter is helping provide ammunition for an upcoming trial where an investor will argue the CEO's $56 billion pay package from Tesla Inc is a waste of money that failed to secure his full-time services.

Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc that he could crack down on executive and board pay at the social media company in a push to slash costs, and would develop new ways to monetize tweets.

The production continues to witness the impact of semiconductor shortage that has disrupted the supply chain and in-turn takes a toll on sales.

Shell on Friday agreed to acquire India-based renewable power platform Sprng Energy for $1.55 billion, boosting the energy company's low-carbon output as it shifts away from oil and gas.

Tata Motors continues to record robust sales growth despite headwinds in supply chain due to the semiconductor shortage issue.

Compared to 5,608 units sold in March 2022, Skoda's highest-ever monthly sales in India, the company saw a month-on-month decline of about 8 per cent. However, against the 961 units sold in April 2021, Skoda saw a year-on-year growth of 436 per cent.

The component factory VW Automatic Transmission Tianjin had been closed since Monday last week, Volkswagen Group China said earlier.