Auto Industry

car&bike Team

Feb 26, 2022, 5:50 AM

Foreign Automakers See Their Chance In Japan With Electric Vehicles

Toyota has committed 8 trillion yen ($69 billion) on electrification up to 2030 and expects to sell around 3.5 million battery EVs worldwide by then. That represents around a third of Toyota's current annual auto sales.

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  car&bike Team | Feb 26, 2022

  Odd Steering Wheel And Controls Trip Up Tesla, Rivals -Consumer Reports

  The more conventional Tesla Model 3 is ranked as "average" by Consumer Reports.

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  car&bike Team | Feb 26, 2022

  Thailand Approves Tax Breaks For EVs, 'High Potential' Foreigners

  The EV scheme for 2022-2025 was approved last week as part of a zero-emission vehicle policy and a goal of ensuring 30% of Thailand's total auto production are EVs by 2030.

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  car&bike Team | Feb 26, 2022

  Bosch To Invest Additional 250 Million Euros In Chip Production Capacity

  The largest part of that budget was allocated to expanding its 1-billion-euro Dresden factory producing 300-millimeter wafers, which the group inaugurated in June.

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  car&bike Team | Feb 26, 2022

  Automakers Idle Production Following Russia's Invasion, Other Firms Also Scramble

  The invasion was a factor in consulting firms J.D. Power and LMC Automotive slashing their 2022 global new-car sales outlook by 400,000 vehicles to 85.8 million units. The auto industry had already been dealing with a tight supply of vehicles due to the global semiconductor shortage.

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  car&bike Team | Feb 26, 2022

  Ford To Halt F-150 Pickup Production On Semiconductor Shortage: Report

  Ford will temporarily halt the production of the F-150 pickup at its Kansas city assembly plants due to a shortage in semiconductors.

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  car&bike Team | Feb 26, 2022

  Jeep To Launch Two New SUVs In India To Boost Sales

  Jeep will launch the Meridian, a mid-size, three-row SUV, that will be made in India, and the Grand Cherokee, which it will assemble in the country - a move the company expects will allow it to price its vehicles more competitively.

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  car&bike Team | Feb 26, 2022

  Ola Electric Plans 50Gwh India Battery Plant In EV Push: Report

  Ola will need 40Gwh of battery capacity to meet its annual target to produce 10 million electric scooters and the remainder will be for electric cars, which it plans to manufacture in the future, said the person who has knowledge of the plans.

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  car&bike Team | Feb 26, 2022

  India's IOC Buys First Russian Urals Crude In 2 Years After Prices Slump

  Indian Oil Corp, the country's top refiner, has bought Russian Urals crude for the first time in two years, after spot differentials slumped, according to trade sources and Refinitiv data.

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