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 25, 2022 11:51 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 25, 2022 11:48 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 25, 2022 08:39 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 25, 2022 08:33 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 25, 2022 08:25 PM
A senior Japanese lawmaker said that Taiwan Semiconductor Manufacturing Co is considering building a second plant in Japan.
HC Asks NHAI To Respond To Plea Challenging Collection Of Double Toll Tax From Vehicles Without FASTag
Dec 25, 2022 07:39 PM
The Delhi High Court sought the response of the National Highways Authority of India (NHAI) and the Centre to a plea challenging the rule making it compulsory for vehicles without FASTag to pay double the the toll tax.
Berkshire Hathaway Sells $34.4 Million Worth Of Shares In China's BYD
Dec 25, 2022 03:10 PM
The sale lowered Berkshire's holdings in BYD's total issued H-shares to 14.95%
U.S. Senator Manchin Says Treasury Should Limit Commercial EV Tax Credit Use
Dec 25, 2022 03:09 PM
The $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, angering South Korea, the European Union, Japan and others.
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