Latest News
Sports Car Maker Lotus's Tech Arm Valued At $4.5 Billion In Fundraising
Lotus Technology had completed a fundraising that valued the business at nearly $4.5 billion.
Elon Musk Faces Skeptics As Tesla Gets Ready To Unveil 'Optimus' Robot
Sep 30, 2022 05:26 AM
Musk blamed overreliance on factory robots for sending the electric carmaker to "production hell" four years ago.
Automakers Tackle Patent Hurdle In Quest For In-Car Tech
Sep 30, 2022 05:26 AM
Over a dozen automakers have signed up with a platform for patent licences from 51 tech companies, aiming to simplify access to wireless technology and avoid costly legal battles.
India Road Ministry Issues Draft Rules For Mandatory Rear Seat Belt Alarms
Sep 30, 2022 05:26 AM
India's road transport ministry has issued draft rules to make it mandatory for car makers to install alarm system for rear seat belts.
Chipmaker Nvidia Launches New System For Autonomous Driving
Sep 30, 2022 05:26 AM
Nvidia unveiled its new computing platform called DRIVE Thor that would centralize autonomous and assisted driving as well as other digital functions including in-car entertainment.
Factbox - The Challenges Automakers, And Now Tesla, Face With Humanoid Robots
Sep 30, 2022 05:26 AM
Tesla's CEO Elon Musk is set to unveil its prototype humanoid robots at an event on Sept. 30, hoping to expand beyond self-driving cars that have not yet become reality despite his repeated promises.
Fisker To Sell Electric SUV In India With View To Local Production
Sep 30, 2022 05:26 AM
Fisker will begin selling its Ocean electric SUV in India next July.
Oil Plunges To Eight-Month Low On Strong Dollar, Recession Fears
Sep 30, 2022 05:26 AM
Oil prices plunged about 5% to an eight-month low as the U.S. dollar hit its strongest level in more than two decades.
Indian Oil Plans Panipat Refinery Maintenance, To Revamp Naphtha Cracker - Report
Sep 30, 2022 05:25 AM
Indian Oil Corp plans a shutdown of a naphtha hydrocracker for about 80 days and half of its crude processing for about a month.
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