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Stellantis To Refocus China Strategy With Jeep, Maserati Brands
Stellantis sees its future as a niche player in China through its premium brand Jeep and luxury brand Maserati, its chief financial officer said.
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Lyft To Lay Off 683 Employees In Cost-Cutting Push
Lyft Inc said it would lay off 13% of its workforce, or about 683 employees, in the ride-hailing firm's latest cost-cutting step to cope with a weakening economy.
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Volkswagen Sells Weshare To Berlin-Based Carsharing Service
Volkswagen said it would not disclose the selling price as per the agreement.
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AI Chip Startup SiMa.ai Launches Auto Business With Former Bosch, Mercedes Executive
SiMa.ai said it is entering the automotive industry and has recruited Harald Kroeger, a former executive at top tier auto supplier Bosch and Mercedes Benz, to lead that business.
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Tesla To Start Mass Production Of The Cybertruck At The End Of 2023
Tesla aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck.
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Stellantis Explores Making Compact Electric Vehicles In India - CEO
The company is yet to make a final decision
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Vedanta Expects Revenue To Jump To $50 Billion In Two Years' Time - Report
Vedanta Ltd expects annual revenue of $50 billion in the next two to three years, roughly double projected revenues for fiscal year 2023.
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Iran Ready To Deliver Oil To India, Says Ambassador - Report
Iran's ambassador to India Iraj Elahi said Iran wants to sell oil to India and is ready to deliver it.
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GAIL India's Profit Tumbles On Supply Cut From Former Gazprom Unit
GAIL (India) Ltd reported a bigger-than-expected 46.3% fall in quarterly profit, hit by low gas sales due to supply disruptions from a former unit of Russian energy giant Gazprom.
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India Raises Ethanol Purchase Prices For State-Run Fuel Retailers
Indian government has fixed a price of up to 65.61 rupees for purchase of ethanol from sugar mills as the nation wants to boost blending with gasoline.
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Tesla's California EV Market Share Slips As Rivals Step Up
Tesla's dominant market share of the electric vehicle market in California slipped again this year.
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Hivemapper Starts Issuing Crypto Tokens For Vehicle Dashcam Footage
Drivers around the world can generate cryptocurrency by installing a dashcam and sharing images with a San Francisco startup that aims to nab some buyers of street-level imagery away from Alphabet Inc's Google.
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Nissan Says Talks With Renault Focused On Better Competing In Electric Cars
Nissan's CEO said the company's talks with Renault are focused on optimising their investment in electric vehicles and strengthening their competitiveness as equal partners.
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India's Hero MotoCorp Misses Q2 Profit Estimates, Sales Dip
Profit after tax fell 10 per cent to 7.16 billion Indian rupees ($86.37 million) for the three months ended Sept. 30, from Rs. 7.94 billion a year earlier, an exchange filing showed.
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Canoo To Build Battery Manufacturing Facility In Oklahoma
The company's Pryor facility will make proprietary battery modules, energy management system and thermal control technology, CEO and Chairman Tony Aquila said.
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Europe Leans On Asia For 'Homegrown' EV Batteries
With the notable exception of Sweden's Northvolt, some startups hoping to build so-called gigafactories to compete with the Asian behemoths are going for smaller plants, with the aim of attracting more investment further down the line.
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Renault-Airbus Partnership To Develop New Generation Of Electric Batteries
Engineering teams from both companies will join forces to mature technologies related to energy storage, one of the main roadblocks for the development of long-range electric vehicles
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Tesla Reports Two New Fatal Crashes Involving Driver Assistance Systems
The two crashes involved the Tesla Model 3 and were tied to the car's advanced driver assistance systems
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COP27: France, Spain Latest To Pledge Halt To Gasoline-Driven Vehicle Sales
Signatories, including countries, municipalities and companies, pledged to shift to 100% sales of zero-emission vehicles by 2035 in leading markets and by 2040 across the globe.
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Chinese Carmakers Target More European Sales With Five-Star EVs
In the last few months, several Chinese EVs have received five-star European New Car Assessment Programme (NCAP) ratings - an achievement that requires loading vehicles with active and passive safety features that go well beyond legal requirements.
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