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Reuters
Dec 26, 2022, 8:42 PM
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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Reuters | Dec 26, 2022Indonesia Considers $320 Million In Incentives To Boost EV Sales In 2023Indonesia targets 20% of overall car sales in 2025 to be EVs1 min read
car&bike Team | Dec 26, 2022Kinetic Engineering Commences E-Luna Chassis & Component ProductionThe E-Luna will be based on Kinetic’s original Luna moped that was first launched in India over half a century ago.1 min read
Reuters | Dec 26, 2022China's BYD To Start Selling Evs In Japan By Early 2023China'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).2 mins read
Reuters | Dec 26, 2022Siemens, Others Call For Only Zero-Emission Freight Trucks To Be Sold In EU By 2035In 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.1 min read
car&bike Team | Dec 26, 2022Musk Says Wise To Avoid Margin Loans During Macroeconomic RisksTesla Chief Executive Elon Musk said it was "generally wise" to avoid using margin loans on any company when there are macroeconomic risks involved, in response to a question on Twitter about the electric-vehicle maker's stock performance.1 min read
Reuters | Dec 26, 2022How A Secret Software Change Allowed FTX To Use Client MoneyIn 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.4 mins read
car&bike Team | Dec 26, 2022Mahindra Thar To Get New 4x2 VariantsAside from missing out on the four-wheel drive system, the diesel Thar will also come with a smaller 1.5-litre engine.1 min read
Reuters | Dec 26, 2022Europe's Car Repairers Call For Competition Rules RewriteThe 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.1 min read
