Cars News
Volkswagen CEO Warns Shift To Electric Vehicles Could Cost 30,000 Jobs
A Volkswagen spokesperson confirmed Diess' position that Tesla and others' presence in Germany heightened the urgency of transitioning to EVs, but denied that specific calculations had been made on how many jobs could be lost in the process.
Hyundai Motor Aims To Develop Chips, Cut Reliance On Chipmakers
Mar 31, 2022 02:04 AM
A global shortage of semiconductors, triggered partly by surging demand for laptops and other electronic products during the pandemic, has shuttered some auto production lines globally this year. Hyundai temporarily suspended some factories.
Uber Introduces Revamped Shared Rides Offer In The U.S
Mar 31, 2022 01:16 AM
Passengers booking a shared ride can now earn additional discounts in Uber credit, not cash, if another rider joins their trip.
NXP Forecasts Sales Growth Driven By Connected Vehicles
Mar 31, 2022 12:32 AM
NXP Chief Executive Kurt Sievers said the company intended to focus on key areas where more chips are going into cars and where NXP believes it can hold a market position at least twice that of any competitor.
Foxconn Finalizes $50 Million Stock Deal With Lordstown Motors
Mar 31, 2022 12:30 AM
Foxconn has bought stock worth $50 million from the U.S. electric vehicle maker, finalizing an equity investment announced in September.
Battery Swap Startup Ample Hits Unicorn Status With New Funding Round
Mar 31, 2022 12:27 AM
The latest funding comes on the heels of a $160 million round in August that boosted the companys valuation to $890 million, according to investor website PitchBook.
Hertz In Talks With Tesla For EV Delivery Timeline
Mar 31, 2022 12:24 AM
Tesla boss Elon Musk took to Twitter on Monday to say that his company had not signed a contract with Hertz, spurring a brief halt in Tesla's stock rally.
EV Maker Bedeo Acquires Protean From Evergrande's Auto Unit
Mar 31, 2022 12:21 AM
Bedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group.a
Startup Italvolt Signs Deal With Engie's Equans In Italy Battery Facility Plan
Mar 31, 2022 12:18 AM
Italvolt has pledged to invest 3.4 billion euros ($3.9 billion) to build a battery production facility in Scarmagno, near Turin, to meet growing demand for lithium-ion batteries from Europe's automotive industry.
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