Auto Industry
car&bike Team
Feb 26, 2022, 5:31 AM
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, 2022Automakers Idle Production Following Russia's Invasion, Other Firms Also ScrambleThe 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.1 min read
car&bike Team | Feb 26, 2022Ford To Halt F-150 Pickup Production On Semiconductor Shortage: ReportFord will temporarily halt the production of the F-150 pickup at its Kansas city assembly plants due to a shortage in semiconductors.1 min read
car&bike Team | Feb 26, 2022Jeep To Launch Two New SUVs In India To Boost SalesJeep 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.1 min read
car&bike Team | Feb 26, 2022Ola Electric Plans 50Gwh India Battery Plant In EV Push: ReportOla 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.1 min read
car&bike Team | Feb 26, 2022India's IOC Buys First Russian Urals Crude In 2 Years After Prices SlumpIndian 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.1 min read
car&bike Team | Feb 26, 2022India's Refinery Throughput Stays Firm With Strong Recovery In SightInitial government estimates show that India's fuel demand is likely to grow 5.5% in the next fiscal year beginning April 1, reflecting a pick-up in industrial activity and mobility in Asia's third largest economy.1 min read
car&bike Team | Feb 26, 2022Russian Carmaker Avtovaz May Suspend Some Assembly Lines On Monday Due To Components ShortageRussia's biggest carmaker Avtovaz may suspend some assembly lines at its Togliatti plant in central Russia on Monday for a day due to a persistent global shortage of electronic components.1 min read
car&bike Team | Feb 26, 2022Jeep To Launch Two New SUVs In India To Boost SalesJeep, which has less than a 1 per centshare of India's car market, said last year it would invest $250 million to launch four SUVs in a country where rivals Hyundai Motor and Kia Motor dominate the segment with more affordable vehicles.1 min read
