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Chip Shortage Forces Temporary Closure Of Volvo Cars Factory - GP
Oct 29, 2022 04:51 AM
Volvo Cars will temporary close one of its factories due to a chip shortage, the company told newspaper Goteborgs-Posten on Tuesday.
Intel Unit Mobileye Prices IPO Above Range To Raise $861 Million
Oct 29, 2022 04:47 AM
The IPO values Mobileye at $16.7 billion, a far cry from the $50 billion valuation that Intel was initially hoping to achieve.
Automakers To Double Spending On EVs, Batteries To $1.2 Trillion By 2030
Oct 29, 2022 04:40 AM
The EV investment figure, which has not previously been published, dwarfs previous investment estimates by Reuters and is more than twice the most recent calculation published just a year ago.
Tesla Faces U.S. Criminal Probe Over Self-Driving Claims - Report
Oct 29, 2022 04:35 AM
The U.S. Department of Justice launched the previously undisclosed probe last year following more than a dozen crashes, some of them fatal, involving Tesla's driver assistance system Autopilot, which was activated during the accidents, the people said.
U.S., EU Launch Formal Group To Discuss Conflict Over EV Subsidies
Oct 29, 2022 04:31 AM
The talks come as auto manufacturers from Stuttgart to Seoul have been angered by Biden's $430 billion "Inflation Reduction Act", enacted in August and aimed at rolling back climate change and making Washington a world leader in the electric vehicle (EV) market.
Volkswagen No Longer Investing In Self-Driving Startup Argo AI
Oct 29, 2022 04:22 AM
The first outcomes from the partnership between Volkswagen's software unit Cariad and Bosch, announced in January this year, are planned for 2023, the statement said.
Hero MotoCorp Registers 20 Per Cent Retail Growth YoY During Festive Period
Oct 29, 2022 04:10 AM
Starting from the first day of Navratras till the day after Bhai Dooj, the two-wheeler giant announced that it managed to register a significant gain in its market share. The company did not share the quantum of growth in sales during this period.
BMW X6 50 Jahre M Edition Launched In India, Priced at Rs. 1.11 Crore
Oct 29, 2022 03:29 AM
The new BMW X6 Jahre M Edition is the ninth model in the Jahre series to be launched in the country and arrives in two unique shades - Black Sapphire and M Carbon Black.
2023 KTM RC 8C Revealed; Only 200 Units Will Be Manufactured
Oct 28, 2022 09:10 PM
KTM took the wraps off the updated RC 8C sportbike and it will manufacture only 200 units of the same.
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