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auto
Electric Vehicle Can Help You Save Income Tax, Here’s List of Tax Benefits on Purchase of EVs
We all know that electric vehicles (EVs) are the need of the hour. If the increasing malevolent pollution and global warming are to be controlled, then the carbon footprint has to be reduced. And there’s no better…
BYD says 3 Southeast Asian countries vying for plant
The Philippines, Vietnam and Indonesia are competing to secure an electric-vehicle assembly plant for BYD Co., the world’s second-largest maker of EVs, according to a top Philippine trade and investment official.
The Chinese auto giant is…
Ford extends downtime at Louisville Assembly until March 6
Ford Motor Co. has again extended the temporary closure of its Louisville Assembly Plant for another week as it battles a software issue on the refreshed Escape and Lincoln Corsair crossovers.
The plant's building chairman, Brandon…
VW revisits India as China problems mount
Volkswagen Group wants to remain a strong player in Europe and China, but in the face of growing geopolitical tensions and an increasingly complex regulatory environment, the automaker is looking beyond the U.S. for markets with growth…
Tata seeks $1 billion in EV unit stake sale
BENGALURU – Tata Motors has begun talks with sovereign wealth funds and private equity investors to raise up to $1 billion via a stake sale in its electric-vehicle business,The Economic Times reported, citing sources.
The company, which…
Detroit 3-UAW profit-sharing amounts and calculations explained
Profit-sharing checks will soon be going out to hundreds of thousands of UAW-represented hourly workers for the Detroit 3 automakers.
This year, Stellantis workers will get an average of $14,760, General Motors workers will get an average…
Forvia plots major hydrogen growth in North America
"We see the market in the U.S. starting to pick up, especially as it relates to commercial vehicles," Shappell said. "We've seen a lot of companies realizing that hydrogen is really the only true zero-emission option they have, so this has…
Michigan seeks $750 million to prep Ford battery plant site
Legislators on the panel asked many questions, including about Ford's partnering with the world's largest EV battery supplier, China-based Contemporary Amperex Technology Co. Ltd. The tie has drawn scrutiny.
"It is not a joint venture.…
New BMW X5 M Competition and BMW X6 M Competition Unveiled With Hybrid Tech; Find Everything You…
New Delhi, February 22 : German luxury auto behemoth BMW has introduced its performance oriented X5 M Competition and X6 M Competition SUVs. These models’ unveiling happens just after the newly unveiled standard X5…
Tesla scales back German battery plant
BERLIN -- Tesla has begun assembling battery systems at its plant in Germany but will focus cell production in the U.S. in light of tax incentives under the Inflation Reduction Act (IRA), a spokesperson said on Wednesday.
The EV maker is…
Bentley will stop production of V-12 engine next year in EV shift
LONDON -- Bentley will stop production of its 12-cylinder engine next year as the brand shifts to selling electric cars.
"The time has come to retire this now-iconic powertrain as we take strides towards electrification," Bentley CEO…
Stellantis 2022 earnings strong despite logistics, chip problems
Stellantis unveiled a share buyback of as much as 1.5 billion euros ($1.6 billion) following Mercedes-Benz and BMW in returning cash to shareholders after strong 2022 results on the back of high vehicle prices and pent-up demand.…
Hyundai New Car Launches in India in 2023: From Next-Gen Verna to New Micro-SUV, Checkout the 5…
New Delhi, February 22 : Hyundai kicked-off its new launch schedule for this year with the launch of the Ioniq 5 EV at the Auto Expo 2023, but the year still young and the South Korean auto major has quite a few new…
Honda City Facelift Variant Details Revealed Ahead of March Launch; Checkout All Key Details Here
New Delhi, February 22 : Honda City facelift is all prepped-up for its official market launch, and new details about the refreshed sedan keep cropping up online. The City facelift’s new variant details have been now…
India a Great Use Case for 2-Wheeler EV Market, Will Witness Explosion in Five Years: Dassault…
Nashville, February 22 : As two-wheeler EV adoption sees a tremendous rise in India, Suchit Jain, Vice President of Strategy and Business Development at Dassault Systemes, believes that the country is a great "use…
Lucid Q4 earnings: Slow deliveries, Saudi stake raise questions
While Lucid slightly beat its 2022 production forecast, that estimate was cut from its original forecast of 20,000. The automaker's stock price peaked Nov. 16, 2021, closing at $55.52, before falling steady last year as production lagged.…
Nio targets Europe with budget brand from new China plant
SHANGHAI -- Chinese electric-vehicle maker Nio plans to build a factory to produce budget EVs under a new brand for export to Europe from as early as next year, three people with knowledge of the matter said.
The plan to broaden the…
Maruti Suzuki New Car Launches in India: From Fronx to Next-Gen Swift, Checkout the 6 Most Awaited…
New Delhi, February 21 : Maruti Suzuki has already revealed its plans to launch a whole new armada of cars in India, and unveiled two of its most anticipated upcoming cars – the Fronx and the Jimny at the Auto Expo…
Jaguar Land Rover, Nvidia plan more self-driving tech hubs
LONDON -- Jaguar Land Rover said on Tuesday it is opening three new engineering hubs in Europe to develop autonomous vehicle technologies as part of its partnership with Silicon Valley artificial intelligence company Nvidia.
The hubs in…
Tata Motors New Car Launches in India in 2023: From Altroz Racer to Tiago EV Blitz; Find Key Details…
New Delhi, February 21 : Homegrown auto major Tata Motors has already given a concrete idea about its huge upcoming new car launch plans at the Auto Expo 2023. While the big Tata EV launches are expected next year,…
EV Charging Revenue To Exceed $300 Billion Globally by 2027: Report
New Delhi, February 21 : The global electric vehicle (EV) charging revenue is likely to exceed $300 billion by 2027, up from $66 billion in 2023, a report showed on Tuesday. According to Juniper Research, the total…
Honda City 2023 Facelift Leaked Prior to Launch; Checkout Launch Date and Specs and All Key Details…
New Delhi, February 21 : Honda is ready to start its 2023 car launch schedule in India starting with the City facelift model. However, just days prior to the official market launch of the refreshed Honda City 2023,…
Honda’s All-New Mid-Size SUV for India Gets Spotted While Road Testing; Find Key Details Here
New Delhi, February 20 : The all-new upcoming Honda SUV is preparing big time for its launch in India, and now it has been spotted testing on the roads offering an idea about its overall looks.
Honda’s upcoming…
Magna spend in Michigan, Ontario a bid to be big EV player
Magna International Inc. deepened its investment into its declared new market for electric vehicle battery enclosures, raising its commitment to nearly $700 million at two plants in Michigan and Ontario to supply major electric truck…
Mercedes 2022 earnings boosted by higher revenue
Sales of top-end cars including the S-Class and EQS all-electric sedan saw particularly strong growth in 2022 and helped the carmaker overcome rising costs.
Global sales of Mercedes-Benz Cars were 2.05 million last year, including 149,227…
Genesis Electrified GV70 first Hyundai Motor Group EV to earn tax credit
The Electrified GV70's U.S. production launch marks a milestone for Hyundai Motor Group, which has committed to building EVs in the U.S. as part of a push to sell 3.2 million EVs a year globally by 2030. Genesis has pledged to have an…
Toyota Corolla Cross-Based Bigger New SUV on the Anvil for India; Here’s All That We Know So Far
New Delhi, February 17 : The Indian SUV market demands are skyrocketing in tandem with the global auto market trend. Hence, it is quite natural for all the auto majors to go into a SUV launch frenzy to draw maximum…
VinFast gets permit to start construction on U.S. factory
HANOI -- Vietnam's VinFast said North Carolina regulators had given the automaker one of the environmental permits it needs to begin construction on a planned $4 billion EV assembly plant in the state.
The company, a subsidiary of…
Hyundai Verna Next Generation Model India Launch Officially Confirmed; Here’s Everything You Need To…
New Delhi, February 17 : It has been known for some time now, that the next generation model of the Hyundai Verna premium sedan is preparing to launch in full-swing. Post spotting the test prototypes of the new-gen…
Visteon Q4 earnings: Net income stable at $35 million
A primary driver of Visteon's growth was its digital clusters segment, which increased 40 percent year over year with key launches in North America. The segment is anchored by increasingly sophisticated infotainment and dashboard displays.…