KATHMANDU: The U.S. and China have agreed to resume shipments of key auto chips from Dutch company Nexperia, ending weeks of disruption in global car production, according to global media reports. The deal was reached during talks between U.S. President…

KATHMANDU: Global sales of electric and plug-in hybrid vehicles reached a record 2.1 million units in September, up 26% year-on-year, according to market research firm Rho Motion. The growth was mainly driven by strong demand in China and a surge…

KATHMANDU: General Motors’ early investment in U.S.-made rare-earth magnets is paying off as China tightens export restrictions on the critical components, The Wall Street Journal reports. In 2021, GM started investing in U.S.-based magnet production to depend less on China.…

KATHMANDU: U.S. President Donald Trump is considering a plan to reduce tariffs for car makers that build vehicles in the United States, according to Senator Bernie Moreno and industry officials. The move could lower costs for major companies like Ford,…