Latest News
SoftBank Plans $35 Million Bet On India's GoMechanic - Report
Vision Fund's early-stage talks with GoMechanic are being held around a valuation of $600-700 million, with Malaysian sovereign fund Khazanah and existing investor Tiger Global also planning to invest in the $100 million funding round.
GM Startup Cruise Recalls And Revises Self-Driving Software After Crash
Dec 31, 2022 05:18 PM
General Motors startup Cruise LLC said it had recalled and updated software in 80 self-driving vehicles after a June crash in San Francisco that left two people injured.
Resigned Riders Of Gasoline-Fueled Motorbikes Pay For Parking In Paris
Dec 31, 2022 05:18 PM
Paris's town hall decision to make gasoline-fueled motorcycles pay for parking kicked in this Thursday, triggering reactions from riders ranging from resignation to dissatisfaction.
Piedmont To Build Lithium Plant In Tennessee For EV Market
Dec 31, 2022 05:18 PM
Piedmont Lithium will build a lithium processing plant in Tennessee to supply the rapidly-growing electric vehicle (EV) industry.
EV Maker Lucid Files For New Offering To Raise $8 Billion In Stages
Dec 31, 2022 05:18 PM
Lucid filed for a new offering of up to $8 billion as the luxury electric-vehicle maker looks to beef up working capital at a time when supply snarls have crimped its production.
China Says Automakers Must Have Licences For Mapping Data In Smart Cars
Dec 31, 2022 05:17 PM
China has said that automakers must apply for licences to collect geographic data using sensors on their intelligent vehicles.
Musk Sends Fresh Letter To Scrap Twitter Deal After Whistleblower Claims
Dec 31, 2022 05:17 PM
Musk has sent an additional letter of deal termination to Twitter Inc to include a recent whistleblower complaint.
Polestar Revenue Doubles As It Rides Electric Car Boom
Dec 31, 2022 05:17 PM
Polestar's revenue nearly doubled in the first half of 2022 on soaring demand and it may have to raise its prices further if material costs continue to rise.
Bosch To Invest $200 Million To Make Fuel Cell Stacks In South Carolina
Dec 31, 2022 05:17 PM
Bosch will invest more than $200 million to produce fuel cell stacks in its South Carolina facility, as the German auto supplier accelerates its transition to electrification.
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