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Reuters
Dec 31, 2022, 12:13 PM
Investment in the Hungarian auto industry is being dominated by three countries - Germany, a champion carmaker, plus China and South Korea, EV battery leaders way ahead of European rivals.
7 Min
Reuters | Dec 31, 2022U.S. Lawmakers Want Buttigieg To Speed Deployment Of Connected VehiclesThe lawmakers were critical of the Federal Communications Commission (FCC), which in 2020 shifted much of a key spectrum block set aside for auto safety to accommodate the burgeoning number of wireless devices.2 mins read
Reuters | Dec 31, 2022Foxconn Fine For Unauthorised China Investment Likely To Be Imposed Soon - ReportA person familiar with the situation told Reuters that the Economy Ministry would contact Foxconn on Monday to confirm the equity sale.2 mins read
Reuters | Dec 31, 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
Reuters | Dec 31, 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 31, 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
Reuters | Dec 31, 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
Reuters | Dec 31, 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
Reuters | Dec 31, 2022Tesla Driver In Multi-Car Crash Told Police Self-Driving Software MalfunctionedThe police report said the vehicle made an unsafe lane change and was slowing to a stop, which led to another vehicle hitting the Tesla and a chain reaction of additional crashes.2 mins read
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Car News
car&bike Team | Jun 10, 2023Jaguar Unveils Limited Edition E-Type ZP Collection: A Tribute to Racing HeritageJaguar pays tribute to the iconic racing history of the E-type with the exclusive E-type ZP Collection5 mins read
car&bike Team | Jun 10, 2023Renault Begins Deliveries Of Updated Kiger And Triber AMT ModelsThe Kiger and Triber AMT are priced between Rs 8.12 lakhs to Rs 8.47 lakhs (ex-showroom Delhi)1 min read
car&bike Team | Jun 10, 2023Volvo Cars Reports 31 Per Cent Increase In Global Sales In May 2023; EV Sales Up By 196 Per CentDuring the month of May, the Volvo XC60 emerged as the top-selling model, with sales totalling 18,052 vehicles, followed closely by the XC40, which achieved sales of 17,596 units1 min read
car&bike Team | Jun 10, 2023GM Announces Partnership With Tesla To Expand EV Charging Access In North AmericaThe collaboration is aimed at expanding charging accessibility for GM EV drivers at Tesla Superchargers across North America1 min read
Yashraj Singh | Jun 10, 2023Ferrari Secures Le Mans Pole After 50 Years, Ending Toyota's ReignThe Ferrari 499P’s raw pace was on display as the Maranello-based team displaced Toyota from pole position for the 100th anniversary of the legendary 24 hours of LeMans6 mins read
Electric Mobility
Seshan Vijayraghvan | Oct 29, 2020Mahindra Launches Treo Zor Electric 3-Wheeler For Cargo SegmentMahindra Electric, the EV arm of Mahindra and Mahindra, today launched the cargo variant of its electric three-wheeler - Treo Zor. Targeted towards the last-mile delivery segment, the new Treo Zor has been launched in India at a starting price of Rs. 2.73 lakh (ex-showroom Delhi) and that is after FAME 2 subsidy is applied.1 min read
Ameya Naik | Oct 29, 2020Mahindra eKUV100 India Launch Details OutIn fact, the company had announced the price of the car at the Auto Expo 2020 and that was Rs. 8.25 lakh (ex-showroom India).1 min read
Sameer Contractor | Oct 4, 2023Personal Mobility To Boost Electric Vehicle Sales In Post-COVID Era: Shailesh Chandra, Tata MotorsAs public transportation takes a back seat in the post-COVID era, Shailesh Chandra, President - PVBU, Tata Motors, says that personal mobility has the potential to gain traction as the customer mindset sees a shift with concerns for safety and cleaner environment.4 mins read
car&bike Team | Oct 29, 2020Continental To Become Apex LiDAR Manufacturer With Investment In AEyeWith this investment in AEye, Continental will utilise its LiDAR technology which is set for production at the end of 2024.1 min read
car&bike Team | Oct 29, 2020Odysse Announces Festive Season Discounts Across Its EV RangeOdysse has announced festive offers across its electric scooter range - Hawk, Racer and Evoqis. The offers are available for a limited period of time.1 min read
Auto Industry
Charanpreet Singh | Jul 5, 2021Petrol Prices Hiked By Up To 39 Paise; Nears Rs. 100/Litre Mark In Delhi And KolkataWhile petrol has become dearer by up to 39 paise, diesel has remained unchanged on Monday. With the latest hike, petrol has inched towards Rs. 100 per litre mark in Delhi and Kolkata.1 min read
Reuters | Jul 4, 2021Nissan Bets On UK 'Renaissance' With Battery Plant And New VehicleNissan cast its backing for the 9 gigawatt-hour (GWh) plant as illustrative of a rejuvenation of Britain's automotive industry, which has for five years grappled with the fear that Brexit could cut off the rest of the European market.1 min read
Reuters | Jul 4, 2021New Recycling Techniques Set To Make Electric Vehicles GreenerThe techniques, which involve retrieving parts of the battery so they can be reused, would help the auto industry tackle criticism that even though EVs reduce emissions over their lifetime, they start out with a heavy carbon footprint of mined materials.1 min read
Reuters | Jul 4, 2021MKS Instruments To Buy Atotech For $5.1 Billion To Expand Chipmaking OfferingsThe deal comes at a time the chip industry has been dealing with a global shortage of semiconductors that has shuttered some auto production lines and its impact has been felt in other areas, including consumer electronics.1 min read
Ameya Naik | Jul 4, 2021Volvo Cars To Harness Real-Time Data From Customer Cars To Set New Safety StandardsFor its next generation of cars, Volvo Cars is now looking towards processing data from customer cars in real time, if customers choose to share data and help Volvo Cars make its cars safer.1 min read
Reuters | Jul 4, 2021Shell Plans To Exit California Joint Venture With Exxon MobilShell has notified Exxon of its plans to exit the venture, the people said, speaking on the condition of anonymity as the talks are private. A Shell spokesperson declined to comment, citing company policy.1 min read
Charanpreet Singh | Jul 4, 2021Fuel Prices Hiked Again; Diesel Breaches Rs. 100/Litre Mark In Madhya Pradesh's RewaWith the latest hike, diesel has breached Rs. 100-mark in Madhya Pradesh's Rewa district, currently standing at Rs. 100.18 a litre while petrol has touched Rs. 110.01 per litre.1 min read
Reuters | Jul 4, 2021U.S. Quarterly Auto Sales Jump On Strong SUV Demand, Shift To EVsHigher vehicle prices have boosted profitability for automakers, who have also increased investments in EV production.1 min read
Ameya Naik | Jul 4, 2021The Volvo Concept Recharge Showcases Design For Next-Gen EVsThis concept car also introduces a new Volvo design language. Continuing the theme of 'less but better', all unnecessary elements have been removed and what remains is treated with a high-precision, flush execution.1 min read