Auto Industry News

Ford Inks Argentina Lithium Supply Deal With Lake Resources
Ford Motor Co said it has signed a preliminary deal to buy lithium from a Lake Resources NL facility in Argentina, marking the first time the automaker has publicly announced where it will procure the electric vehicle battery metal.

Brookfield To Buy Automotive Software Maker CDK Global For $6.41 Billion
Apr 23, 2022 08:30 PM
Brookfield Business Partners is buying CDK Global Inc for $6.41 billion in cash, taking private the last major publicly traded provider of software to auto dealers and manufacturers.

Japan Aims For 20% Share Of Global Battery Market By 2030
Apr 23, 2022 08:22 PM
Japan is aiming for a 20% share of the global rechargeable battery market in 2030 by boosting global output capacity at Japanese companies nearly 10-fold to 600 gigawatt hours (GWh)

Solar, Wind And Diesel: European Companies Tool Up In Energy Crisis
Apr 23, 2022 06:41 PM
Luxury carmaker Mercedes-Benz is working to increase its energy independence this decade with investments in solar energy and wind farms

Fuel Ship Sinks Off Tunisia, Threatening Environmental Disaster
Apr 23, 2022 06:14 PM
Tunisian authorities intensified efforts on Saturday to avoid an environmental disaster after a merchant fuel ship carrying one thousand tons of fuel sank off the coast of Gabes.

Stellantis CEO Upbeat On U.S. As Shareholders Vote Against Pay Package
Apr 23, 2022 04:51 PM
Stellantis CEO Carlos Tavares on Wednesday took a bullish stance on the U.S. market despite rising fears of a downturn, as the carmaker's shareholders voted against the 2021 compensation package for top executives.

Judge Rules Musk's Tweets Over Taking Tesla Private Were False - Report
Apr 23, 2022 04:45 PM
A federal judge has ruled that Tesla CEO Elon Musk's 2018 tweets about having secured financing to take the company private were false.

Kenya To Deport Rubis CEO Amid Fuel Crisis - Report
Apr 23, 2022 04:37 PM
Kenya plans to deport the CEO of fuel storage and distribution company Rubis Energy Kenya over a fuel crisis

GreenCell Mobility Unveils New Intercity Electric Mobility Coach Brand 'NueGo'
Apr 23, 2022 01:01 AM
Intially, GreenCell plans to offer NueGo services across 24 cities and roll out 250 electric buses. The larger goal is to roll out 750 premium AC e-buses across key intercity routes in Southern, Northern and Western India covering key transit routes with coverage in over 75 cities.

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