Auto Industry News

Under this partnership Vogo will expand Chalo's bus technology services by powering first and the last mile rides at major bus stops and other public places. This will allow bus users to travel to and from bus stops, using Vogo's rental.

In August, Ford doubled its production target for the Lightning because of strong early demand for the truck ahead of its 2022 launch.

According to a statement from Hero MotoCorp, the price revision has been necessitated to partially offset the impact of increasing commodity prices.

Tesla Inc's CEO, Elon Musk, said in 2019 that robotaxis with no human drivers would be available in some U.S. markets in 2020. That proved to be inaccurate.

Global EV sales, estimated at 2.5 million vehicles in 2020, is forecast to grow more than 12-fold to 31.1 million by 2030 and account for nearly a third of new vehicle sales, according to consulting firm Deloitte.

The global chip shortage has forced automakers like GM to idle production or in some cases mostly build vehicles and then park them until the necessary chips can be installed, allowing those vehicles to be then shipped to dealers.

A U.S. House panel in September approved legislation to boost EV credits to up to $12,500 per vehicle, including $4,500 for union-made vehicles produced in the United States and $500 for batteries made in the United States.

BMWs plant commenced operation on March 29, 2007 with the roll out of the 3 Series luxury sedan