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Reuters
Feb 27, 2023, 12:49 PM
Ridesharing companies are starting to recover from pandemic lows as offices reopen and following a resurgence in travel on the back of reopening of closed borders and a strong U.S. dollar.
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Reuters | Feb 27, 2023Like Musk, Nickel-Rich Indonesia Has High Electric Vehicle AmbitionsIn just three years, Indonesia has signed more than a dozen deals worth more than $15 billion for battery and electric vehicle production in the country with manufacturers including Hyundai Motor, LG Group and Foxconn.1 min read
Reuters | Feb 27, 2023Ford's Pain Underscores Uneven Impact Of Two-Year Auto Chip ShortageFord said on Thursday it left billions of dollars on the table that were within its control and blamed a 100,000 vehicle shortfall in its fourth-quarter volume mostly on the inability to obtain enough chips.1 min read
Reuters | Feb 27, 2023Ford Posts Lower Profit, Issues Downbeat Outlook; Shares DropFord blamed chip shortages and other supply chain issues and production "instabilities" that raised costs, along with lower-than-expected volumes. Ford shares dropped more than 6% in after-market trading.1 min read
Reuters | Feb 27, 2023Xiaomi Demands Payout From Supplier After Car Designs LeakedXiaomi CEO Lei Jun also circulated the note on his personal Weibo page.1 min read
Reuters | Feb 27, 2023Berkshire Hathaway Sells $44.9 Million Of Shares In China's BYDThe sale lowered Berkshire's holdings in BYD's issued H-shares to 12.9% on Jan. 27, down from 13.04%, the filing to the Hong Kong Stock Exchange showed on Thursday.1 min read
Reuters | Feb 27, 2023Honda To Start Producing New Hydrogen Fuel Cell System Co-Developed With GMHonda will target annual sales of around 2,000 units of the new system in the middle of this decade, the company said on Thursday, aiming to boost that to 60,000 units per year in 2030.1 min read
Reuters | Feb 27, 2023EV Maker Rivian To Cut 6% Of Jobs Amid Price War -Internal MemoLayoffs at Rivian come amid falling EV prices kicked off by cuts made recently by Elon Musk-led Tesla and Ford Motor Co.1 min read
Reuters | Feb 27, 2023SK On Confirms Termination Of Non-Binding Agreement To Build Battery Cell Venture In TurkeySK On - whose parent SK Innovation Co Ltd counts Hyundai Motor Co, Volkswagen AG and Ford among its customers - announced the joint venture to make electric vehicle (EV) battery cells in Turkey last year.1 min read
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Car News
Jafar Rizvi | Aug 7, 2023Lamborghini Countach From Wolf Of Wall Street Coming Up For AuctionThe iconic Lamborghini Countach 25th anniversary edition is all set to be auctioned at Sotheby's, New York.1 min read
Jafar Rizvi | Aug 7, 2023BMW To Discontinue The 6 Series Gran Turismo By End Of 2023The 6 Series Gran Turismo’s Production will soon meet its end after receiving a mid-life cycle update in 2021.2 mins read
car&bike Team | Aug 6, 2023Lamborghini Has Generated A Revenue Of €1,421 Million In 2023Lamborghini sold 5,341 units in H1 2023, fulfilling 4.9 per cent of global delivery and generating an income of €456 million (INR 4,135 Crore), a 7.2 per cent rise from 2022.2 mins read
car&bike Team | Aug 6, 20232024 Kia Sonet Facelift Spotted During TestingThe 2024 Kia Sonet is expected to be launched in early 2024 with a new design and tech upgrades.2 mins read
car&bike Team | Aug 5, 2023Fisker Unveils All-New Electric Vehicle LineupIn addition to the vehicle lineup, Fisker introduced its Fisker Blade computer, a central computing platform designed to simplify future vehicle complexity significantly3 mins read
Electric Mobility
Sahil Gupta | Sep 29, 2023Why Tesla's Launch Is A Big Deal For The EV Infrastructure Of IndiaThere is a long road ahead for EVs in India, but the entry of Tesla represents a major milestone.6 mins read
Charanpreet Singh | Feb 3, 2021Tesla Model X: All You Need To KnowTesla recently updated the Model X with substantial updates ever since it went on sale. Here's all you need to know about the flagship SUV.1 min read
Ameya Naik | Feb 3, 2021Pininfarina Continues To Test The Battista Hyper GT; Deliveries To Start This YearFormer F1 racer and Test and Development driver for Automobili Pininfarina, Nick Heidfeld has taken the new Battista hyper GT on track for the first time as part of the ongoing prototype development at the Nardo Technical Centre in Italy.1 min read
Sahil Gupta | Feb 3, 2021Apple Car May Be Able To Understand Hand Signals From Traffic OfficialsApple will combine this system with a range of sensors, which works in tandem with the data received.1 min read
Sahil Gupta | Feb 3, 2021Report: Kia Could Receive $3.6 Billion Investment For Apple CarEven for the iPhone, Apple works with rival companies like Qualcomm and Samsung.1 min read
Auto Industry
car&bike Team | Sep 27, 2021eBikeGo Launches IOT-Enabled Smart Charging NetworkThe smart charging network, called eBikeGo Charge, will offer charging for both electric two-wheelers and three-wheelers.1 min read
Seshan Vijayraghvan | Sep 27, 2021Rolls-Royce To Realise Its Founders' Vision For Electric Mobility With Its First EVRolls-Royce will be making a major announcement regarding its first-ever electric vehicle this week, on September 29, 2021. Rolls-Royce says that while the company is gearing up for its first EV now, its founders had already predicted automotive electrification in 1900s.1 min read
Reuters | Sep 27, 2021BP Says Nearly A Third Of Its UK Fuel Stations Running On EmptyLines of vehicles formed at petrol stations for a third day running as motorists waited, some for hours, to fill up with fuel after oil firms reported a lack of drivers was causing transport problems from refineries to forecourts.1 min read
Reuters | Sep 27, 2021India's Nayara Energy Hopes To Operate Refinery At 100% In 2021India's fuel demand is likely to rise by 9%-11% as the economy in India is "steered towards higher growth" after the easing of the second wave of COVID-19, Chief Executive Alois Virag said.1 min read
Charanpreet Singh | Sep 27, 2021Diesel Prices Hiked For Second Consecutive Day; Petrol Remains UnchangedDiesel rates have increased for the second consecutive day and three times in the last four days taking up its retail price by 70 paise a litre.1 min read
Seshan Vijayraghvan | Sep 27, 2021Toyota Discontinues The Yaris Sedan In India; Plans To Launch New Models In 2022The Toyota Yaris compact sedan has been discontinued in India effective from September 27, 2021. It's part of the company's new product strategy, under which the company will launch some new models in 2022.1 min read
car&bike Team | Sep 27, 2021Tesla Shanghai's Jan-Sept 2021 Production To Reach 300,000 Units Despite Chip Shortage: ReportTesla Inc's Shanghai factory is expected to produce 300,000 cars in the first nine months of the year, capped by a delivery rush in the end of the July-September quarter, despite a global semiconductor shortage, two sources said.1 min read
car&bike Team | Sep 27, 2021India May Need Additional 2 Million BPD Refining Capacity By 2030, Says Indian Oil ChairmanIndia needs to add 2 million barrels per day (bpd) of refining capacity by 2030 to help its economic expansion, even as it takes steps to move to cleaner fuels, said the chairman of Indian Oil Corp (IOC), the country's top refiner.1 min read
Ameya Naik | Sep 26, 2021MAHLE Powertrain And Allotrope Energy Unveil New Battery TechnologyBy combining the benefits of super capacitors and traditional lithium-ion batteries, the new lithium-carbon technology enables a full charge to be delivered in a similar time to refuelling an internal combustion-powered vehicle.1 min read