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Investor In Musk's Twitter Buyout Expects To Make Up To Five Times Its Money
One of the biggest investors in Musk's acquisition of Twitter, Aliya Capital Partners LLC, said it expects to make up to five times its money despite the social media company's problems.
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TuSimple Plans To Layoff Half Its Workforce Next Week - Report
Self driving trucking company TuSimple Holdings Inc plans to potentially cut half of its workforce next week.
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Mahindra To Invest $1.2 Billion (Rs. 10,000 Crore) In New EV Plant
Mahindra Ltd said it would invest 100 billion rupees ($1.21 billion) to set up an electric vehicle (EV) manufacturing plant near the western city of Pune.
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China's Li Auto Sees Higher Deliveries In Q4; Third-Quarter Loss Widens
Li Auto Inc forecast higher delivery of vehicles and a rise in revenue in the fourth quarter, banking on a production ramp-up and better cost management.
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China's CATL To Provide EV Batteries For Honda Starting In 2024
CATL would supply batteries for seven years for Honda's electric vehicles in China.
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Swedish Self-Driving Truck Start-Up Einride Raises More Cash
Einride had agreed to raise capital of $500 million from debt, equity and the conversion of earlier loans, speeding up the company's ability to pursue new markets and customers.
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Toyota Launches Second Hybrid Vehicle In India Amid Green Car Push
Toyota launched its second hybrid car in India, a seven-seat people-carrier, as part of a broader strategy to double-down on the sale of electrified vehicles in emerging markets.
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Japan Lawmaker Says TSMC Is Considering Second Plant In Japan
A senior Japanese lawmaker said that Taiwan Semiconductor Manufacturing Co is considering building a second plant in Japan.
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Tesla To Run Reduced Output In Shanghai In January, Plan Shows
Tesla will run production for 17 days in January between Jan. 3 to Jan. 19 and will stop electric vehicle output from Jan. 20 to Jan. 31 for an extended break for Chinese New Year
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Uber, Motional Launch Robotaxi Service In Las Vegas
The launch is part of a non-exclusive 10-year agreement between both the companies for driverless vehicles, with a rollout in Los Angeles expected to follow.
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Tesla To Shorten Shanghai Shifts, Delay Hiring - Report
Tesla's Shanghai plant is grappling with elevated inventory levels amid slowing demand in China's auto market.
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German Car Giants And Asian Battery Kings: A Match Made In Hungary
Investment in the Hungarian auto industry is being dominated by three countries - Germany, a champion carmaker, plus China and South Korea, EV battery leaders way ahead of European rivals.
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U.S. Lawmakers Want Buttigieg To Speed Deployment Of Connected Vehicles
The lawmakers were critical of the Federal Communications Commission (FCC), which in 2020 shifted much of a key spectrum block set aside for auto safety to accommodate the burgeoning number of wireless devices.
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Foxconn Fine For Unauthorised China Investment Likely To Be Imposed Soon - Report
A person familiar with the situation told Reuters that the Economy Ministry would contact Foxconn on Monday to confirm the equity sale.
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Indonesia Considers $320 Million In Incentives To Boost EV Sales In 2023
Indonesia targets 20% of overall car sales in 2025 to be EVs
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China's BYD To Start Selling Evs In Japan By Early 2023
China's BYD, in which Berkshire Hathaway owns a stake, said it will roll out an electric sports utility vehicle, ATTO 3, in Japan starting Jan. 31. The car has a cruising distance of 485 kilometres and will cost 4.4 million yen ($32,735.66).
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Siemens, Others Call For Only Zero-Emission Freight Trucks To Be Sold In EU By 2035
In a letter published on Thursday the group said its signatories "urge the European Commission to set all new freight trucks on a path to zero emission from 2035," with a five-year exemption for vocational vehicles such as construction, mining and timber trucks that will require longer to develop and produce at scale.
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How A Secret Software Change Allowed FTX To Use Client Money
In mid-2020, FTX's chief engineer made a secret change to the cryptocurrency exchange’s software. He tweaked the code to exempt Alameda Research, a hedge fund owned by FTX founder Sam Bankman-Fried, from a feature on the trading platform that would have automatically sold off Alameda's assets if it was losing too much borrowed money.
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Europe's Car Repairers Call For Competition Rules Rewrite
The European Commission has recommended extending 2010's Motor Vehicle Block Exemption Regulation (MVBER) for five years when it expires in 2023, with some supplementary guidelines.
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Tesla Driver In Multi-Car Crash Told Police Self-Driving Software Malfunctioned
The police report said the vehicle made an unsafe lane change and was slowing to a stop, which led to another vehicle hitting the Tesla and a chain reaction of additional crashes.
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