Wednesday, July 20, 2022

Volkswagen to create new semiconductor with STMicro amid chip shortage

The move illustrates how Volkswagen, Europe's biggest carmaker, is striving to gain greater control over the supply of chips, found in an ever greater number of new generation and low-carbon emission vehicles.

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India open to clearing import duty hurdle for US auto parts

India is considering reducing or eliminating customs duties on US auto parts, which currently range between 10% and 15%. This move is part o...