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Grab's Ride-Hailing Services Disrupted In Southeast Asian Countries
"We are experiencing some technical difficulties with the app and our engineers are working to recover the issue," Grab said.
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Bolt To Allow Drivers To Set Prices In Three UK Cities
Bolt will be testing the new features across three cities in the Midlands region in England this week, ahead of a planned UK- wide rollout before Christmas when 65,000 drivers would be able to set their own prices within a range or continue to use surge pricing.
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High Prices, Steady Supply Chain Protect BMW From Industry Woes
While rising raw material prices impacted earnings this year, the company's strong relationship with suppliers has cushioned the blow, CEO Oliver Zipse said.
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U.S. Sues Uber Over Alleged Disability Discrimination
It alleges that the policy violates the Americans with Disabilities Act, saying blind people or users of wheelchairs or walkers need more than two minutes to get into an Uber car.
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South Korea Tests System For Controlling Air Taxis
The transport ministry estimates such services could cut travel time for distances between 30-50km from an hour by car to 20 minutes by air.
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Infineon Sees Chip Shortage Extending Into 2022 As Quarterly Revenue Beats
Infineon, which gets about 40% of sales from the automotive sector, also forecast revenue of 3 billion euros for its coming first quarter, exceeding the 2.97 billion euros expected in a poll of 19 analysts by Vara Research.
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GM Says Seeing Better Flow Of Semiconductors
GM's third-quarter earnings were hit by a global semiconductor shortage and rising commodity prices, factors it has said it expects to continue until late 2022.
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Musk Sells Nearly $7 Billion Worth Of Tesla Shares This Week
Tesla CEO Elon Musk has sold 6.36 million shares this week - around 37% of 17 million. He now needs to offload about 10 million more shares to fulfill his pledge to sell 10% of his holdings.
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Rivian CEO Sees Annual Production Capacity Of At Least 1 Million Vehicles Before 2030
Rivian CEO R.J. Scaringe said the company's push for a larger global footprint would be supported by four assembly plants around the world.
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EV Maker Rivian Boosts IPO Price Range, Aims For $65 Billion Valuation
The company now expects to sell 135 million shares in the range of $72-$74 apiece to raise nearly $10 billion on Nov. 9.
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Tesla Opens Canada Battery Gear Factory In Markham, Ontario: Report
"I'm delighted to share that Tesla Canada is joining our already robust automotive and technology ecosystem by locating a manufacturing facility in the City of Markham," the city mayor Frank Scarpitti said on Twitter.
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Apple Hires Former Tesla Engineer To Boost Self-Driving Car Effort: Report
The news comes weeks after the head of Apple's car project, Doug Field, joined Ford Motor Co to lead the automaker's advanced technology and embedded systems efforts.
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Musk Asks Twitter Followers Whether He Should Sell 10% Of Tesla Stock
Musk has criticized the proposal, which would affect 700 billionaires and impose taxes for long-term capital gains on tradable assets, whether or not they have been sold.
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Swedish Self-Driving Start-Up Einride Expands Into US Market
The company has already started operating a fleet of 20 Einride Pods - its electric self-driving truck without a driver cabin.
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UK Based EV Maker Bedeo Acquires China's Protean From Evergrande's Auto Unit
Bedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group.
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Toyota Boosts Profit Outlook On Weaker Yen, But Warns Of Production Risks
Toyota has been forced to cut output due to the chip shortage and lockdown measures that have slowed component production at factories in Malaysia and Vietnam, even as vehicle demand around the world rebounds from a pandemic slump.
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Honda Lowers Profit Outlook 15 Per Cent Amid Chip Shortage
Honda's production plans have been hit by the shortage, with global output in September falling 30 per cent from a year ago.
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Fisker Strikes Battery Supply Deal With China's CATL
CATL will supply two different battery packs for the Fisker Ocean SUV, with an initial battery capacity of over 5 gigawatt-hours annually, from 2023 to 2025, the company said.
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Volkswagen Invests In EU-Backed Energy Transformation Fund
Volkswagen said on Wednesday it had entered a strategic partnership with EIT InnoEnergy and will become a shareholder in the EU-backed venture.
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Tesla To Recall Nearly 12,000 U.S. Vehicles Over Software Communication Error
Tesla said the recall of 11,704 Model S, X, 3 and Y vehicles was prompted after a software update on Oct. 23 to vehicles in its limited early access Full-Self Driving (Beta) population.
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