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India's Shriram Transport Finance Profit Surges On Higher Interest Income
Commercial vehicle sales and financing have seen a resurgence following a pandemic-stirred slump, with improving loan repayments also leading to better asset quality for both bank and non-bank lenders.

Tesla Faces US Criminal Probe Over Self-Driving Claims: Report
Oct 28, 2022 04:18 AM
The U.S. Department of Justice launched the previously undisclosed probe last year following more than a dozen crashes, some of them fatal, involving Tesla's driver assistance system Autopilot, which was activated during the accidents, the people said.

Chip Shortage Forces Temporary Closure Of Volvo Cars Factory: Report
Oct 28, 2022 04:11 AM
The factory will be closed for one week due to the ongoing problem with semiconductor shortages, Volvo said.

U.S., EU Launch Formal Group To Discuss Conflict Over EV Subsidies
Oct 28, 2022 04:08 AM
The talks come as auto manufacturers from Stuttgart to Seoul have been angered by Biden's $430 billion "Inflation Reduction Act", enacted in August and aimed at rolling back climate change and making Washington a world leader in the EV market.

Volkswagen No Longer Investing In Self-Driving Startup Argo AI
Oct 29, 2022 01:19 AM
Volkswagen disclosed a $2.6 billion investment in Argo AI, the Pittsburgh-based self-driving startup, in June 2020. Ford has invested in the start-up as well.

Down On Chips, Toyota Goes Back To Basics With Car Keys
Oct 28, 2022 04:01 AM
"As the shortage of semiconductors continues, this is a provisional measure aimed at delivering cars to customers as quickly as possible," Toyota said in a statement.

Twitter Shares To Be Suspended On NYSE As Musk Nears Takeover: Report
Oct 28, 2022 03:56 AM
The deal's completion would mark an end to a lawsuit by Twitter, which, along with investors, now expects the deal to be completed on its original terms of $54.20 per share.

Musk Wants Twitter To Be 'Most Respected Advertising Platform': Report
Oct 28, 2022 03:53 AM
Musk, Twitter co-founder Jack Dorsey and investors in the deal had previously suggested moving away from advertising and seeking revenue from subscriptions and other means.

iVooMi JeetX Limited Edition Electric Scooter Launched For The Festive Season, Priced At Rs. 98,000 
Oct 28, 2022 06:13 PM
The iVooMi JeetX Limited Edition electric scooter is priced at Rs. 1.02 lakh (ex-showroom), but will retail at Rs. 98,000 till November 10, 2022, for the festive season.
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