Cars News
Taiwan Weighs Foxconn Fine For China Chip Investment - Sources
Foxconn, the world's largest contract electronics maker, said this week it has become a shareholder in embattled Chinese chip conglomerate Tsinghua Unigroup via a 5.38 billion yuan ($797 million) investment by a subsidiary.
Brazilian Ride-Hailing App 99 To Test Electric Car With China's BYD
Jul 30, 2022 06:03 PM
The tests of the vehicle, which was developed by BYD and China's Didi Chuxing, will begin this week in Sao Paulo, Brazil's financial capital, with the goal of accelerating the adoption of electric vehicles in 99's fleet.
U.S. Agency To Open Probe Into Fatal Florida Tesla Crash
Jul 30, 2022 05:57 PM
NHTSA has previously opened 36 special crash investigations - including the California crash - involving Tesla Inc vehicles in which advanced driver assistance systems like Autopilot were suspected of being used since 2016.
Chip Crunch Easing Could Weigh On Pricing Power, Tavares Says
Jul 30, 2022 04:52 PM
In a media call presenting the automaker's results in the first half of the year, Tavares said the industry was in a "very specific sweet spot right now".
JK Tyre Reveals New Range Of Electric Vehicle Specific Tyres
Jul 30, 2022 04:38 PM
JK Tyre says the new tyres offer ultra-low rolling resistance while also being durable and offering improved traction.
Brembo Open To Further Investment In Chinese JV As H1 Profit Tops Forecast
Jul 30, 2022 06:36 AM
Brembo could consider expanding its investment in a newly announced joint venture in China with Gold Phoenix, its executive chairman told Reuters after the Italian brakes maker posted a 13% rise in first-half core earnings.
Toyota Supplier Denso's Q1 Profit Tumbles 41%, Misses View
Jul 30, 2022 06:25 AM
Japan's Denso Corp, a major supplier to Toyota Motor Corp, lowered its operating profit forecast for the current business year by 14%, expecting automakers to undershoot production plans.
Rivian To Cut Headcount By 6%
Jul 30, 2022 05:06 AM
Electric-truck maker Rivian Automotive Inc said it was reducing headcount by 6% in order to optimize costs in a tightening macroeconomic environment.
JLR Parent Tata Motors Sees Sales Picking Up As Chip Shortage Eases
Jul 30, 2022 05:01 AM
Tata Motors Ltd expects strong demand to drive up sales of its cars, including at the luxury Jaguar Land Rover (JLR) unit, as the semiconductor shortage eases, even as it posted a wider quarterly loss on higher costs.
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