Auto sector shifts gear towards recycling parts, batteries
PARIS (REUTERS) – From ageing electric batteries to old engines to rear-view mirrors, the auto industry is revving up its recycling efforts as [...]
Home »
Supply chain snarls could cost automakers $284 billion this year, forecast finds
DETROIT (REUTERS) – Global automakers could lose US$210 billion (S$284.4 billion) in revenue this year because of supply chain disruptions, nearly double a [...]
Costly electric cars deter drivers from switching
(NYTIMES) – Mr Robert Teglia bought a Tesla Model 3 sedan even though he knew it cost more than many luxury cars. The [...]
Tesla's India plans dealt blow as minister rules out tax cut
(BLOOMBERG) – India said it has no plans to cut import duties on electric vehicles (EVs), weeks after Tesla appealed to the government [...]
Biden wants US automakers to pledge 40 pct electric vehicles by 2030: Sources
WASHINGTON (REUTERS) – The White House has told US automakers it wants them to back a voluntary pledge of at least 40 per [...]
Volkswagen sheds Bugatti, maker of over-the-top sports cars
NEW YORK (NYTIMES) – Volkswagen on Monday (July 5) said it was giving up control of Bugatti, a storied automaker whose absurdly expensive [...]
Toyota sales reach record in March on recovering demand for automobiles
TOKYO (BLOOMBERG) – Toyota Motor’s global sales in March rose to a record, as the automaker’s ability to keep churning out vehicles amid [...]
Toshiba CEO to resign as buyout offer stirs turmoil: Media reports
TOKYO (AFP) – Toshiba’s president Nobuaki Kurumatani will resign on Wednesday (April 14), reports said, as a buyout offer from a private equity [...]
Biden faces key test on EV battery trade dispute
WASHINGTON (REUTERS) – US President Joe Biden faces a Sunday (April 11) deadline to decide whether to intervene in a trade dispute between [...]
Semiconductor shortage halts Volvo truck production
STOCKHOLM (AFP) – Swedish auto giant Volvo announced Monday that it is being forced to halt its truck production due to a global [...]