Latest News

Tesla is reevaluating the way it sells electric cars in China, its second-largest market, and considering closing some showrooms in flashy malls in cities like Beijing where traffic plunged during COVID restrictions, two people with knowledge of the plans said.

Tesla Weighs Reset For China Retail Strategy Even As Sales Boom

Sep 21, 2022 01:16 AM

3 mins read

Tesla is reevaluating the way it sells electric cars in China, its second-largest market, and considering closing some showrooms in flashy malls in cities like Beijing where traffic plunged during COVID restrictions, two people with knowledge of the plans said.

Indian Shares Post Weekly Decline As Tech, Autos Tumble

By Reuters

Sep 21, 2022 01:10 AM

Indian shares dropped nearly 2% to register a weekly decline, dragged by a sharp fall in technology and automobile stocks following a broader global selloff over recession worries.

Upset By High Prices, GM's Cruise Develops Its Own Chips For Self-Driving Cars

By Reuters

Sep 21, 2022 12:59 AM

General Motors' autonomous driving unit Cruise has developed its own chips for self-driving cars to be deployed by 2025, as they aim to bring down costs and scale up volume, executives said.

Oil Dips Nearly 1%, Reversing Gains After Bearish U.S. Economic Data

By Reuters

Sep 21, 2022 12:56 AM

Oil prices ended nearly 1% lower, reversing earlier gains as U.S. consumer prices unexpectedly rose in August, giving cover for the U.S. Federal Reserve to deliver another hefty interest rate increase next week.

Uber Asks Its India Drivers To Ensure Rear Seatbelts In Their Cars Work

By Reuters

Sep 21, 2022 12:51 AM

Ride-hailing company Uber Technologies has asked its drivers in India to ensure backseat seatbelts in their vehicles are accessible to passengers and they work, days after a local business tycoon died in a crash involving his private car.

2022 Volvo XC40 Launched: Price, Features & Specifications

By Pratik Rakshit

Sep 21, 2022 11:44 PM

For 2022, the company has introduced tweaks to the exterior and interior however, it is under the hood that receives the biggest update.

New Bajaj Pulsar N150 Spotted Testing in India

By Jaiveer Mehra

Sep 21, 2022 12:44 AM

As per reports, the new variant is expected to be positioned below the current N160 with the test mule sharing some common design elements.

Ola Electric To Lay Off 200 Engineers As Part Of Restructuring Exercise, Plan To Hire 3,000 Engineers In 18 Months

By Sameer Contractor

Sep 27, 2022 09:27 PM

Ola Electric said that it is undertaking a restructuring exercise to minimise redundancy and build a strong lateral structure that strengthens relevant roles and functions. The company plans to hire about 5,000 engineers in the next 18 months.