Auto Industry News
One-Time Chip Supply Shocks Over, But Structural Deficit Remains, Bosch CEO Says
CEO of German technology group Robert Bosch GmbH said on Wednesday that although the one-time supply shocks to the semiconductor market had passed, capacity was still lacking to meet global demand. "There were one-time problems which are now dealt with," Volkmar Denner said.
Most Fuel-Efficient Cars In India
Nov 11, 2021 11:11 PM
Indian consumers are highly conscious about mileage, in order to ensure that they get a higher bang for their buck. With soaring fuel prices in the country, that is quite natural.
Most Affordable Automatic Cars In India
Nov 30, 2021 11:06 PM
India offers several cheap automatic vehicles for buyers, spanning several well-known and reliable brands.
Porsche AG Benefits From Being Part Of Volkswagen Group, CEO Says
Nov 11, 2021 10:18 PM
Porsche AG, part of the Volkswagen Group, profits from being part of Volkswagen, its CEO Oliver Blume said on Wednesday, following speculation that an IPO of the luxury unit could be on the cards.
China Vehicle Sales Fall 9.4% In October 2021: Report
Nov 11, 2021 09:54 PM
China's auto sales fell in October for a sixth consecutive month, slumping 9.4% from a year earlier, industry data showed on Wednesday, as a prolonged global shortage of semiconductors disrupts production.
China Evergrande EV Unit Plans Share Sale To Fund Vehicle Production
Nov 11, 2021 08:12 PM
China Evergrande's electric vehicle unit said on Wednesday it plans to sell HK$500 million ($64.2 million) worth of shares to fund production of new-energy cars, including those made by its Hengchi brand.
TSMC To Build New Chip Factory In Taiwan's Southern City Amid Shortage
Nov 11, 2021 08:02 PM
Taiwan Semiconductor Manufacturing Co (TSMC) said on Tuesday it will set up a new chip factory in the island's southern city of Kaohsiung as the world's largest contract chip maker bids to boost production amid a global chip shortage.
Twenty Iconic Vintage Models To Be Auctioned This December
Nov 11, 2021 06:51 PM
With India commemorating Swarnim Vijay Varsh in 2021, twenty iconic cars will be auctioned on the occasion.
Elon Musk Sells $5 Billion In Tesla Shares After Twitter Poll
Nov 11, 2021 05:22 PM
Tesla Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday, just days after he polled Twitter users about selling 10% of his stake.
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