World stocks were heading for a 3% loss on the week while the dollar hit 24-year highs against the yen for a second day ahead of key U.S. jobs data, as investors brace for aggressive rate hikes from the Federal Reserve.
The Amsterdam-based group, whose customers range from major car companies to global tech firms, forecast free cash flow at break-even for next year, compared with a previous outlook for an inflow of at least 5% of revenues.
Elon Musk is seeking to delay until November a trial over his intention to back out of a $44 billion deal to buy Twitter Inc and amend his complaint against the social media company, according to court filings, after a whistleblower provided him with fresh ammunition.
Mobileye, which was originally expected to land a roughly $50 billion valuation, is now set to target one of under $20 billion and sell a smaller number of shares than originally planned, according to the report.
General Motors startup Cruise LLC said it had recalled and updated software in 80 self-driving vehicles after a June crash in San Francisco that left two people injured.
The plan envisages a 14-fold increase in the number of charging stations, climbing to 1 million by 2030 from around 70,000 now. It would focus on building them in local municipalities which are currently undersupplied.
The deal allows the luxury carmaker to supply its battery partners with raw material, starting in 2026, including a qualification period, in order to rapidly scale up production of fully electric vehicles, it said in a statement.
Volvo Cars India says that while the response for the XC90 PHEV was good, the policy for hybrids makes conditions favourable for electric vehicles at the moment. And thus the company wants to shift its focus towards EVs.
Volkswagen India says the reason for the price hike is owing to rising input costs. A part of this is also due to the war in Ukraine that resulted in a rise in the cost of raw materials.
The Tata Nexon has crossed a production milestone of 4 lakh units in 5 years. To commemorate this milestone, the carmaker has also launched a new top-end XZ+(L) variant of the Tata Nexon.
For 2022, Volvo reworks the XC40 with fresher styling cues, more features on the inside, and a mild-hybrid petrol motor. While the changes aren’t monumental, it does seem like Volvo has finally brought an XC40 to India that is a more rounded competitor in the premium compact SUV space.
Ultraviolette, an EV start-up, has raised an undisclosed amount from GoFrugal Technologies in Series B funding. The company has already received over Rs. 30 crore from TVS Motor Company over two rounds of funding.
Prices for the Dacia Spring Electric starts at 10,000 euros which is around $12,0000 and this will also be available in 2021, though in spring, more precisely March 2021
With GST rate on Ambulance lowered to 12 per cent from 28 per cent, Maruti Suzuki India has decided to reduce prices of the Eeco Ambulance. It is now priced at Rs. 6.16 lakh (ex-showroom, Delhi).
Volkswagen has been using 3D printing for 25 years, starting in Technical Development with the goal of accelerating vehicle development and reducing costs.
The 2021 Global Automotive Awards Report by Cision Insights sees the CNB Car of the Year programme as one of the world's most recognised auto honours in the region.
The validity of all motor vehicle documents like fitness, permit (all types), driving license, and registration certificate has been extended till September 30, 2021.
A shortage of semiconductors is causing headwinds for Europe's car manufacturers and threatens to de-rail Germany's economic recovery from the coronavirus pandemic.
The new Mercedes-Benz EQC is based on the same platform as the company's mid-size SUV GLC, and thus it comes with a similar silhouette, but has a very different look.
The digital financial service platform is also providing claim support and post-purchase service and all products are available on Paytm App and its insurance website.
Audi is partnering with energy providers to support the expansion of renewable energy sources in order to increase the number of charging stations in Europe that use green power.
