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Reuters
Dec 31, 2022, 12:13 PM
Tesla's Shanghai plant is grappling with elevated inventory levels amid slowing demand in China's auto market.
1 Min
Reuters | Dec 31, 2022German Car Giants And Asian Battery Kings: A Match Made In HungaryInvestment 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 mins read
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
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Car News
car&bike Team | Jun 12, 2023Maruti Suzuki Invicto MPV Spied Fully Undisguised Ahead Of July 5 LaunchFirst spy shots of Maruti Suzuki’s upcoming flagship offering reveal a handful of styling changes over the Toyota Innova Hycross it is based on.2 mins read
car&bike Team | Jun 12, 2023Porsche Unveils Mission X All-Electric Hypercar ConceptPorsche is targeting a new Nurburgring Nordschleife record with the Mission X should it go into production.2 mins read
car&bike Team | Jun 12, 2023Polestar 2 Gets Updated Range Assistant, Enhanced Apple CarPlay In Latest OTA UpdatePolestar's latest software update, P2.9, adds extended Apple CarPlay functionality and integrates the YouTube app into the central touchscreen.1 min read
Jaiveer Mehra | Jun 12, 2023Citroen To Hike C3 Hatchback Prices From July 1, 2023Prices of Citroen’s hatchback will be hiked by up to Rs 17,500.1 min read
car&bike Team | Jun 11, 2023Volvo Unveils EX30 Electric Crossover and Cross Country VariantVolvo takes a leap forward in the electric vehicle market with the EX30 electric crossover and announces the electrified Cross Country variant, expanding options for eco-friendly and versatile driving.1 min read
Electric Mobility
Sahil Gupta | Oct 27, 2020Mercedes Has Not Given Up On Self Driving CarsMercedes also doesn't have ambitions to enter the ride-sharing market which is being viewed as one of the tentpole models.1 min read
Sahil Gupta | Oct 27, 2020DJI & Mercedes EQ Formula E Team Partner For Innovative Race ContentThe Mercedes EQ team had already been using DJI's products since the Mexico City E-Prix which included the DJI action camera.1 min read
car&bike Team | Oct 26, 2020Okinawa Announces Festive Season Offers On Electric Two-WheelersOkinawa is offering a gift voucher worth Rs. 6,000 on bookings, as well as a lucky draw with the first prize of an Okinawa R30 electric scooter.1 min read
Seshan Vijayraghvan | Oct 26, 2020Renault Zoe EV Hatchback Spotted In IndiaThe all-electric Renault Zoe EV has been spotted in India without any camouflage. While this is not the first time that a test mule of the electric car has been spotted in India, its repeated sighting makes us wonder if Renault might be considering the electric vehicle for the Indian market or something based in it.1 min read
Sahil Gupta | Oct 26, 2020Tesla Preparing Megachager Network For Semi Electric TruckAs per a report by Electrek, Tesla is working on a network with third parties who could help build it up as a standard.1 min read
Auto Industry
Seshan Vijayraghvan | Jul 2, 2021CV Sales June 2021: Ashok Leyland Registers Total Sales Of 6,448 Units As Lockdown EasesAshok Leyland, the home-grown commercial vehicle manufacturer, has released the monthly sales numbers for June 2021.1 min read
car&bike Team | Jul 2, 2021India's Fuel Consumption Picks Up In June As Lockdowns EaseIndia's auto fuel demand picked up in June as economic activity accelerated after the easing of pandemic-related lockdowns, preliminary sales data showed on July 1.1 min read
Seshan Vijayraghvan | Jul 2, 2021Tractor Sales June 2021: Mahindra's Farm Equipment Sector Sells 46,875 Tractors In The Domestic MarketIn June 2021, Mahindra's Farm Equipment Sector sold 46,875 tractors in the domestic markets, witnessing a growth of 31 per cent compared to 35,844 units sold in June 2020.1 min read
Seshan Vijayraghvan | Jul 2, 2021Maruti Suzuki Extends Free Service And Warranty Period Until July 31Maruti Suzuki has extended its free service, warranty and extended warranty plans which have or will expire between March 15, 2021 to June 30, 2021. These will be extended up to July 31, 2021.1 min read
car&bike Team | Jul 1, 2021Two-Wheeler Sales June 2021: Hero MotoCorp Sells 4.6 Lakh Units; Over 1 Million Units In Q1 FY 2022Hero MotoCorp reports sales of 10.24 lakh units in the first quarter of the current financial year (April to June 2021).1 min read
car&bike Team | Jul 1, 2021Two-Wheeler Sales June 2021: Royal Enfield Sales Remain Flat In Domestic MarketRoyal Enfield reported just 13 per cent over sales growth, but exports continue to improve, with 365 per cent growth in June 2021.1 min read
Seshan Vijayraghvan | Jul 1, 2021Car Sales June 2021: Honda Sells 4,767 Units In The Domestic MarketHonda Cars India has released its monthly sales numbers for June 2021, and last month the Japanese carmaker's sales in the domestic sales stood at 4,767 units.1 min read
car&bike Team | Jul 1, 2021Two-Wheeler Sales June 2021: TVS Exports Power 27 % Sales GrowthTVS Motor Company reported overall sales of 2,51,886 units in June 2021, a growth of 27 per cent over 1,98,387 unit sales in June 2020.1 min read
Shubham Parashar | Jul 1, 2021Car Sales June 2021: Kia India Sells 15,015 Units In Domestic MarketThe Korean brand sold 8,549, 5,963 and 503 units of the Kia Seltos, Sonet and Carnival respectively.2 mins read