Automakers
- Automobile
1 in every 2 cars to be a battery electric vehicle by 2035: Report
New Delhi: One out of every two cars sold globally is projected to be a battery electric vehicle (BEV) by 2035, a report said on Wednesday. Their sales are predicted to make…
- Business
South Korea sees record high in voluntary vehicle recalls by automakers in 2024
Seoul: The number of vehicles voluntarily recalled by automakers in South Korea reached an all-time high this year, with nearly 80 percent attributed to domestic giant Hyundai Motor Group, traffic authorities said…
- Business
Four automakers to recall over 7,783 vehicles for faulty parts
Seoul: Hyundai Motor, Kia and two other carmakers will recall over 7,700 vehicles due to faulty components, the transport ministry here said on Wednesday. The four companies, including Jaguar Land-Rover Korea and…
- Automobile
Ford, Volkswagen-backed driverless startup Argo AI to shut down
San Francisco: Ford and Volkswagen-backed self-driving startup Argo AI, which came into the scene in 2017 with a $1 billion investment, is reportedly shutting down. As reported by TechCrunch, Argo AI employees…
- Automobile
Top automakers halt production in Russia amid Ukrainian invasion
New Delhi: As nations around the globe slap heavy sanctions on Russia, several top automakers have halted production at their respective facilities in the country and paused exports as Russian forces entered…
- Technology
Automakers have no choice but to become tech or software firms
New Delhi: As digital technology becomes the differentiator in the car, automakers will soon have no choice but to become tech or software companies themselves, a new report has forecast. The automotive…
- Automobile
Automakers to suffer from chip, labour shortages amid new Covid surges
New Delhi: With Covid-19 continuing to impact the global economy in its second year, the automotive semiconductor market will experience uneven shortages and tight supply amid labour shortfall, according to a new…