Auto Industry News

Global benchmark Brent crude settled at $91.11 a barrel, up $1.64, or 1.8%, while West Texas Intermediate crude soared $2.01, or 2.3%, higher to end at $90.27 a barrel, the first time the U.S. benchmark has closed above the $90-level since Oct.6, 2014.

The new methodology could mean some carmakers, who in 2021 sold almost as many plug-in hybrids in Europe as they did battery-electric vehicles (BEVs), would need to sell more BEVs to meet EU emissions targets and avoid sizeable fines.

Three chip firms - Intel Corp's Mobileye, Qualcomm Inc and Nvidia Corp - have emerged from a raft of announcements at the Consumer Electronics Show in Las Vegas as the leaders in locking down the brains of self-driving cars for the next decade.

Link EV Electric Vehicles plans to build an assembly plant in the central Mexican state of Puebla with an investment of around $265 million.

Automakers and chips manufacturers have warned the supply shortages could last until least 2023.

In December, the National Highway Traffic Safety Administration (NHTSA) opened a preliminary evaluation into 2017-2022 Tesla Model 3, S, X, and Y vehicles over the vehicle's "Passenger Play" feature.

General Motors Co aims to introduce a "personal autonomous vehicle" by mid-decade, said Chief Executive Mary Barra.

The new vehicles, based on Geely's compact vehicle architecture as well as its hybrid powertrain and other technologies, will be produced at the Renault-Samsung facility in Busan with production forecast to begin in 2024.