GM invests in Chinese autonomous driving startup Momenta
Momenta is among the few companies that hold a permit for gathering high-definition maps in China, a key tool in autonomous driving technologies.
Tesla pushes U.S. to boost fuel economy penalties
NHTSA issued a notice in August saying it could impose higher penalties for prior model years for automakers failing to meet fuel efficiency requirements, but will first consider public comments.
VW cuts output at Wolfsburg plant again on chip shortage
The automaker will operate only one assembly line that builds the VW Golf due to the shortage of key electronic parts.
VW will build $164M battery factory in China
The plant is part of automaker’s goal to produce more than 1 million battery systems annually in Europe, U.S. and China.
Faurecia revises 2021 targets downward due to semiconductor shortage
The supplier said that IHS Markit now estimated worldwide car production at 72 million vehicles this year compared with an earlier forecast of 76.8 million.