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GM to invest US$800mil for EV output at Ontario plant
ONTARIO: General Motors Co (GM) will invest nearly US$800mil to bring production of the BrightDrop EV600 electric vehicle to its CAMI manufacturing plant in Ontario, Canada.
ANALYSIS-Tesla's Model Y to emerge disruptor as China EV sales zoom in 2021
BEIJING/SHANGHAI: New models will help electric vehicle sales in China zoom this year, after tepid business in a virus-riddled 2020, and analysts predict Tesla's Model Y pricing will emerge as a major disruptor in the world's biggest car market
Chip shortage affecting output of pickup trucks
SAN ANTONIO: Toyota Motor Corp is cutting production of its full-size pickup truck made in Texas due to a global shortage of semiconductors that has impacted many of the world’s largest automakers.
Auto sales forecast at close to 600,000 units this year
KUALA LUMPUR: New vehicle sales in the country are expected to hit close to 600,000 units in 2021, fuelled by the sales and service tax (SST) exemption effect and new launches, according to Maybank Investment Bank (IB) Research
Fiat Chrysler to invest in India unit to launch new SUVs
NEW DELHI: Fiat Chrysler Automobiles NV (FCA) will invest US$250mil to grow its presence in India with the launch of four new sport-utility vehicles (SUVs) under its Jeep brand over the next two years.
China’s electric vehicle market entering fast lane
SHANGHAI: China’s electric vehicle (EV) market is ready to switch into high gear in the new year as automakers scramble to offer lucrative deals to attract environmental protection-conscious buyers and embrace the country’s carbon neutrality goal in the years to come.
Tesla delivered record number of cars worldwide in Q4 of 2020
NEW YORK: Tesla Inc delivered a record number of cars worldwide in the fourth quarter of 2020, but fell just shy of a goal for 500,000 units for the full year.
Ford pulls plug on plans to cede India business to Mahindra
FORD Motor Co. is reversing plans to cede most of its Indian operations to Mahindra & Mahindra Ltd., deciding to pull out of a proposed joint venture and continue its standalone business in the country.
Tesla to deliver China-made Model Y SUVs this month
BEIJING: Tesla Inc said on Friday it has started selling China-made Model Y sport-utility vehicles (SUV) and will deliver them to customers this month, as the U.S. electric vehicle maker expands sales in the world's biggest car market.
Sales tax exemption on cars extended to June 30
KUALA LUMPUR: The sales tax exemption for passenger cars including MPVs and SUVs will be extended until June 30 next year, the Ministry of Finance (MoF) said.
