Auto Industry News
Israeli Startup Makes Inroads With Personal Flying Vehicle
The test-phase voyage may not look out of the ordinary at first given the huge progress made in drone technology. Another propellered aircraft rising vertically off the ground and then thrusting forward high in the sky.
Investor In Musk's Twitter Buyout Expects To Make Up To Five Times Its Money
Dec 31, 2022 05:41 PM
One of the biggest investors in Musk's acquisition of Twitter, Aliya Capital Partners LLC, said it expects to make up to five times its money despite the social media company's problems.
TuSimple Plans To Layoff Half Its Workforce Next Week - Report
Dec 31, 2022 05:41 PM
Self driving trucking company TuSimple Holdings Inc plans to potentially cut half of its workforce next week.
Mahindra To Invest $1.2 Billion (Rs. 10,000 Crore) In New EV Plant
Dec 31, 2022 05:40 PM
Mahindra Ltd said it would invest 100 billion rupees ($1.21 billion) to set up an electric vehicle (EV) manufacturing plant near the western city of Pune.
China's CATL To Provide EV Batteries For Honda Starting In 2024
Dec 31, 2022 05:40 PM
CATL would supply batteries for seven years for Honda's electric vehicles in China.
Japan Lawmaker Says TSMC Is Considering Second Plant In Japan
Dec 31, 2022 05:40 PM
A senior Japanese lawmaker said that Taiwan Semiconductor Manufacturing Co is considering building a second plant in Japan.
Tesla To Run Reduced Output In Shanghai In January, Plan Shows
Dec 31, 2022 05:40 PM
Tesla will run production for 17 days in January between Jan. 3 to Jan. 19 and will stop electric vehicle output from Jan. 20 to Jan. 31 for an extended break for Chinese New Year
Uber, Motional Launch Robotaxi Service In Las Vegas
Dec 31, 2022 05:36 PM
The launch is part of a non-exclusive 10-year agreement between both the companies for driverless vehicles, with a rollout in Los Angeles expected to follow.
Tesla To Shorten Shanghai Shifts, Delay Hiring - Report
Dec 31, 2022 05:36 PM
Tesla's Shanghai plant is grappling with elevated inventory levels amid slowing demand in China's auto market.
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