Fiat parent Stellantis has concluded it can’t currently make affordable electric vehicles (EVs) in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters. If India, with its low-cost supplier base, is able to meet the company’s quality and cost targets by the end of 2023, it could […]
Stellantis May Come to India to Make Affordable EVs for Europe Read More »
Tesla Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo without offering updated forecasts for the cargo-hauling truck’s pricing or production plans. Musk, who appeared onstage at an event at Tesla’s Nevada plant, said the battery-powered, long-haul truck would reduce highway emissions, outperform existing diesel models on power and safety
Apple’s longstanding plans to enter the automotive space with an ambitious electric vehicle have reportedly been put on the back-burner, with the official launch of the Apple car postponed to 2026, missing its expected 2025 target. In addition to the delay, the tech giant is also believed to be paring back plans of a fully
Apple Car Won’t Be Fully Autonomous Self-Driving Vehicle, Launch Delayed to 2026: Report Read More »
Uber was fined AUD 21 million (roughly Rs. 115 crore) by an Australian court on Wednesday for threatening cancellation fees it never charged and overstating fare estimates on some rides. The penalty was less than a regulator wanted. The Australian arm of the US ride-sharing app broke consumer law by misleading customers with warnings they
US ride-hailing firm Uber Technologies and driverless tech-maker Motional have launched their public robotaxi service in Las Vegas on Wednesday. Tough regulatory scrutiny and delayed commercial adoption of autonomous vehicle technology have delayed deployment of robotaxi services, leaving investors worried. The launch is part of a non-exclusive 10-year agreement between both the companies for driverless
Uber Technologies Inc. said it’s investigating the hack of a third-party vendor that reportedly resulted in the leak of data from the ride-hailing company, including employee email addresses. The vendor, Teqtivity, which helps manage and track information technology equipment such as phones and computers, on Monday confirmed the cyberattack. More than 77,000 Uber employees’ email
Uber Probing Hack of Third-Party Vendor After Employee Data, Source Code Leaked Read More »
Mahindra and Mahindra Limited on Wednesday said it will invest Rs. 10,000 crore in the next 7-8 years in the manufacturing and development of electric vehicles at Pune, Maharashtra. The investment of Rs. 10,000 crore for electric vehicles has been approved under the Maharashtra government’s industrial promotion scheme for electric vehicles, Mahindra said in a
Mahindra to Invest Rs. 10,000 Crore on EV Development, Manufacturing in Pune Read More »
Elon Musk sold another $3.58 (roughly Rs. 29,625 crore) billion worth of Tesla stock this week, but it wasn’t clear where the proceeds were being spent. The Tesla CEO, and new owner of Twitter, sold the shares from Monday through Wednesday, according to a filing posted Wednesday night by the US Securities and Exchange Commission.
Elon Musk Sells Tesla Stock Worth $3.85 Billion, US SEC Filing Shows Read More »
Maruti Suzuki S-CNG vehicles have always been the talk of the town in every part of India. No matter where you go, you will always see a Maruti Suzuki CNG vehicle because Maruti Suzuki India has sold over 12 lakh CNG vehicles since its launch in 2010 till this date. Moreover, Maruti Suzuki is the
Top Reasons Why You Should Buy a Maruti Suzuki Car With S-CNG Technology Read More »
Tesla plans to run a reduced production schedule at its Shanghai plant in January, extending the reduced output it began this month into next year, according to an internal schedule reviewed by Reuters. Tesla will run production for 17 days in January between January 3 to January 19 and will stop electric vehicle output from January 20 to
Tesla Said to Run Reduced Output in Shanghai Plant in January: Report Read More »
