Auto Industry News
Toyota Suspends Factory Operations In Japan After Suspected Cyber Attack
No information was immediately available about who was behind the possible attack or the motive. The attack comes just after Japan joined Western allies in clamping down on Russia after it invaded Ukraine, although it was not clear if the attack was at all related.
Didi Bars Employees From Selling Shares Indefinitely: Report
Mar 1, 2022 12:50 AM
The 180-day lock-up period post the company's initial public offering during which current and former staff were not permitted to sell shares was supposed to end on Dec. 27, but the prohibition has been extended without a new end date.
Volkswagen Says Patent Suit By Taiwan's Acer Is Unfounded
Mar 1, 2022 12:47 AM
Volkswagen said allegations made against it by Acer were unfounded, after a magazine reported that the Taiwanese computer maker had sued the German carmaker for infringing on its mobile network patents.
Volkswagen And Bosch Team Up On Automated Driving Software
Mar 1, 2022 12:42 AM
Bosch and Daimler announced plans in 2017 to build a joint 'robo-taxi' automated driving fleet - but the partnership was cancelled in 2021, months after Daimler's CEO highlighted the high costs and risks involved.
U.S. Commerce Dept Says Chips Shortage To Persist, Will Review Some Prices
Mar 1, 2022 12:40 AM
House Democrats are expected as early as later Tuesday to introduce legislation aimed at increasing U.S. competitiveness with China and spending $52 billion on semiconductor production and research, sources told Reuters, after the Senate approved funding in June.
Bentley To Produce First Fully Electric Car In 2025
Mar 1, 2022 12:38 AM
The carmaker said it would reconfigure its UK plant in Crewe to build the new vehicle. It did not provide further details on what form its first fully-electric vehicle will take.
Delhi Government Proposes Making 25 Per Cent Of New Cab Registrations Electric
Mar 1, 2022 12:37 AM
The move could also reduce demand for fossil fuels in and around the region, among the biggest consumers of gasoline, natural gas and diesel.
Toyota Says Its Tianjin Joint Venture Resumed Production
Mar 1, 2022 12:35 AM
The plant was shut due to the impact on suppliers of mandatory COVID-19 testing of city residents.
Hyundai Motor Expects Vehicle Production To Rebound In H1 As Chip Supply Improves
Mar 1, 2022 12:31 AM
Hyundai said it expects a 20% sales jump in its biggest market, North America, in 2022.
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