JAKARTA: Indonesia has reinstated a temporary luxury-tax break on sales of smaller cars as the concession helped boost demand for vehicles, the Finance Ministry said on Friday.
A new company under cooperation between PTT Plc and Taiwan-based multinational electronics manufacturer Hon Hai Precision Industry Co will be set up to develop an electric vehicle (EV) production facility, worth US$1-2 billion, in the Eastern Economic Corridor.
Andrew Krupowicz was relieved last month to end the lease on his 2019 Chevrolet Bolt electric car, which had been recalled for the risk of a battery fire. He replaced it with a new, larger Bolt model that wasn't subject to the safety callback.
NEW YORK - General Motors expanded a recall of its Chevrolet Bolt on Friday, announcing plans to repair thousands more of the electric autos in a move that will add $1 billion in costs.
NEW YORK: US safety officials opened a preliminary investigation into Tesla's Autopilot after identifying 11 crashes involving the driver assistance system, officials said Monday.
WASHINGTON: With executives from the Detroit automakers watching, President Joe Biden on Thursday announced a target for half of all cars sold in the United States to be zero-emission vehicles by 2030.