Auto Industry News

Calling the electric pick-up truck "insane technology bandwagon," Musk said the Cybertruck would have both front and rear-wheel steer that would "not just (turn) like a tank - it can drive diagonally like a crab."

BP aims to double earnings from its global convenience and mobility businesses by 2030 and grow its global network of EV charging points by over six-fold to 70,000 during the same period.

Chief Executive Pat Gelsinger said the IPO will allow Mobileye to grow more easily as global carmakers spend billions of dollars to accelerate their transition to electric and self-driving vehicles.

Farley said F-150 Lightning orders were capped at 200,000: "We had to stop taking reservations because we had so many."

Privately-owned L-charge raised $1.5 million in September and is seeking a partner to help it increase production to 2,000 mobile and stationary devices annually.

Under the deal, the terms of which were not disclosed, TomTom's technology will be integrated into Volkswagen cars' user interface.

Under the agreement, consumers will be able to use charging points from their smartphones using Enel X, Be Charge and Eni Apps.

General Motors Co will not send employees or top executives to CES 2022 in Las Vegas next month due to the growing concerns about Omicron variant.