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Carmaker THACO has proposed a circular economy complex for mining and processing bauxite worth VND103 trillion (US$4.1 billion) in Lam Dong Province. The project, called Lam Dong 2 Aluminum Complex, will be carried out in Bao Lam, Da Huoai and Da Teh…
Tesla raised its prices in China and the United States for the second time in less than a week, after CEO Elon Musk said the U.S. electric carmaker was facing significant inflationary pressure in raw materials and logistics. The increases come as costs of raw…
Renault is “relatively confident” about its business year but still sees some problems over chips supplies which it expects to be felt mostly in the first half of 2022, the French carmaker’s Chief Executive Officer said on Thursday. “We are relatively…
Tesla Inc’s shares started the year with stellar gains after the electric carmaker reported record deliveries for the fourth quarter, allaying fears of supply chain woes that have hit automakers. Shares of the world’s most valuable carmaker ended up 13.5% at…
Walmart has led a US$2.75 billion investment into self-driving carmaker Cruise, valuing the company at $30 billion. The investment marks increasing faith in the concept by the international retail giant which has already partnered with Cruise in a trial…
If it often befuddled you why carmakers like Ford were developing their own car infotainment system software, then that’s about to change. Ford has stated that starting in 2023, it will be turning to Google’s Android Automotive platform for the operating…
Famous car designer and the Chairman and CEO of Fisker Inc., Henrik Fisker, recently confirmed that its next product could be a lifestyle EV truck. He is known for some of the iconic cars such as BMW Z8, Aston Martin DB9, Aston Martin V8 Vantage, and Fisker…
Global car market is expected to slow this year and the continuing aftershocks of a sector-wide diesel cheating scandal will hit jobs at the world’s biggest component supplier Bosch, its boss said Tuesday. “Of course, we have to react to falling demand,”…
Swedish carmaker Volvo, which is owned by China’s Geely, is cutting several hundred jobs, Swedish radio reported on Friday citing sources.The carmaker, whose number of employees has more than doubled over the past decade to about 43,000, confirmed it was…
Hyundai Motor is considering releasing a range of bottled water inspired by its hydrogen fuel-cell vehicle Nexo, the company confirmed Monday. The automaker is hoping to use the Nexo-branded water to market its Nexo sport-utility vehicle (SUV) as pure and…
The chief of Hyundai Motor’s financial affiliates outlined the units’ digital strategy and future vision at IBM’s largest annual conference that ran through Friday in San Francisco. Chung Tae-yong, who heads Hyundai Card, Hyundai Capital and Hyundai…
The U.S. Commerce Department sent a report on Sunday to U.S. President Donald Trump that could unleash steep tariffs on imported cars and auto parts, provoking a sharp backlash from the industry even before it is unveiled, the agency confirmed. Late on…
Truong Hai Auto Corporation (THACO) is planning to issue more than 30.3 million shares to a strategic shareholder. The company is currently collecting shareholders’ opinions on a draft resolution to authorize a private placement worth an estimated total of…
Mercedes-Benz outsold local carmakers in Korea to finish fourth in domestic sales in January, industry data showed Monday. The Korean unit of the German automaker sold 5,796 vehicles last month, equal to 4 percent of the total 114,632 vehicles. The sum places…
Korea’s auto production tumbled for a third consecutive year in 2018 amid weaker domestic and global demand, data showed Sunday. According to the data by the Korea Automobile Manufacturers Association (KAMA), Korea produced 4.03 million vehicles last year,…
Korea needs to give equal emphasis to the development of battery electric vehicles and fuel cell cars, considering the estimated future demand and the country’s competitiveness, a report said Thursday. “It’s a well-known fact that our car manufacturers have…
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