New Cars News

Tesla Countersues JP Morgan, Claims Bank Sought 'Windfall' After Musk Tweet

Jan 27, 2022 03:27 AM

1 mins read

In a filing in Manhattan federal court, Tesla accused JPMorgan of "bad faith and avarice" for demanding $162.2 million after the bank had unilaterally changed the terms of warrants it received when Tesla sold convertible bonds in 2014.

Moody's Expects Tesla To Stay At EV Leader Spot, Upgrades To 'Ba1'

By car&bike Team

Jan 27, 2022 03:19 AM

Moody's affirmed in a note that Tesla's outlook remains positive and the company will continue to increase its scale rapidly and improve its profitability notably.

Baidu's Electric Vehicle Arm Jidu Raises $400 Million In New Funding Round

By car&bike Team

Jan 27, 2022 03:13 AM

There were no external investors participating in the round. The company did not provide any details on its valuation.

Maruti Suzuki Margins Jump On Price Hikes, Sees Chip Supply Improving

By car&bike Team

Jan 27, 2022 03:06 AM

Maruti Suzuki which sells every second car in India, also said it sees the chip-shortage crisis improving in the current quarter which it hopes will help ramp up production to close the gap on pending orders.

Cybertrucks, New Factories In Focus As Tesla Set To Report Record Earnings

By car&bike Team

Jan 27, 2022 02:57 AM

Chief Executive Officer Elon Musk promises an updated product roadmap on Wednesday, with eyes on the time frames for the launch of Cybertruck and a hoped-for $25,000 electric car.

Toyota To Produce Record 11 Million Cars In Fiscal 2022 If Chip Supply Stable

By car&bike Team

Jan 27, 2022 02:19 AM

Hitting that production target would depend on a stable supply of chips

Oil Hits Highest Since 2014 On Russia-Ukraine Tension

By car&bike Team

Jan 27, 2022 01:16 AM

Brent crude rose $1.37, or 1.6%, to $89.57 at 1319 GMT after reaching $89.60, the highest since October 2014. U.S. West Texas Intermediate (WTI) crude was up $1.13, or 1.3%, to $86.73.