Auto Industry News

Discontinuing any of the cars can be very disheartening for car manufacturers after a lot of effort and planning goes into developing these cars, but sometimes something just does not work.

U.S-based InCharge Energy specialises in electric vehicle (EV) commercial charging infrastructure. ABB says the acquisition built on an initial investment and took its stake in the company to approximately 60%.

Often, some rare cars slip under the radar for one reason or the other. Only the enthusiasm of car fanatics gives a chance to these rare models to get an audience.

Humans always have the drive to create something new. But, unfortunately, that sometimes might result in pretty weird and downright bizarre products to witness, including cars.

There are millions of cars running across the world at any given moment. Therefore, ensuring that every driver follows the rules can be tough for lawmakers.

The consortium, which includes private equity firms SJL Partners and BNW Investment, invested $33 million in Nexeon last November.

Ever since cars became popular, manufacturers have been trying to incorporate new features. But sometimes some features just don't cut it with the customers and have to be discontinued.

Sales of EVs in the United States jumped to a record high earlier this month with 434,879 new units on the road, however, demand for their hybrid counterparts remained strong as many customers withdrew from EVs due to higher prices, limited driving range and fewer charging stations than required.