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Reuters
Dec 31, 2022, 12:01 PM
Stellantis is overhauling its strategy in China after agreeing to file for bankruptcy of its Jeep joint venture with local partner Guangzhou Automobile Group (GAC) in October.
2 Min
Reuters | Dec 31, 2022India Seeks To Use Global Energy Challenge As Opportunity, Says MinisterIndia hopes to convert the current global oil challenges from the Ukraine crisis into an opportunity to secure affordable energy, Oil Minister Hardeep Singh Puri said.2 mins read
Reuters | Dec 31, 2022Automakers, South Korea Urge U.S. To Tap Commercial EV Tax CreditThe $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, sparking anger from South Korea, the European Union, Japan and others.2 mins read
Reuters | Dec 31, 2022Toyota Offers Cheaper Prius If Customers Take Software UpdatesThe lease program will require customers to opt in for a service expected to bring monthly lease payments down by 10%, Toyota's leasing affiliate said.1 min read
Reuters | Dec 31, 2022Vietnam's EV Maker Vinfast Files For U.S. IPO To Fuel Global ExpansionVinFast, which began operations in 2019, is gearing up to expand in the U.S. market, where it hopes to compete with legacy automakers and startups with its two all-electric SUVs, the VF8 and VF9, including battery leasing to reduce the purchase price.3 mins read- Reuters | Dec 31, 2022Vietnam's EV Maker Vinfast Files For U.S. IPO To Fuel Global ExpansionVinFast, which began operations in 2019, is gearing up to expand in the U.S. market, where it hopes to compete with legacy automakers and startups with its two all-electric SUVs, the VF8 and VF9, including battery leasing to reduce the purchase price.3 mins read
Reuters | Dec 31, 2022UAW Calls On Automakers To Move Supply Chain Out Of Xinjiang RegionThe United Auto Workers (UAW) union called on automakers to shift their entire supply chain out of China's Xinjiang region after a new report on Tuesday suggests that nearly every major automaker has significant exposure to products made with forced labor.2 mins read
Reuters | Dec 31, 2022Mercedes To Double Electric Motor Output At Untertuerkheim: ReportThe German carmaker's management and works council struck an agreement on restructuring the site in southwestern Germany, which also foresees a 20% reduction in fixed costs by 2025 compared with 2019 and workforce cuts, the report said, citing company sources.1 min read
Reuters | Dec 31, 2022South Korean Truckers' Strike Cost $1.2 Billion In Lost ShipmentsDisruptions to the country's supply chain expanded on Thursday, the eighth day of the nationwide strike by more than 20,000 truckers, as the government prepares to order more of them back to work.2 mins read
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Car News
car&bike Team | Jun 4, 2023Upgraded Ferrari SF90 Spied Ahead Of Global DebutThe upgraded Ferrari SF90 has been spotted featuring a sizable rear wing1 min read
Yashraj Singh | Jun 4, 2023Spanish Grand Prix Qualifying: Verstappen Dominates While The Rest FlounderedMax Verstappen once again dominated the qualifying session in Barcelona while the rest of the field found it difficult to get their tyres up to temperature.3 mins read
car&bike Team | Jun 3, 2023Stellantis Announces $176 Million Investment For All-Electric SUV Set To Launch In 2025The new electric SUV is expected to sit on the STLA medium platform which underpins models measuring between 4.2 m to 5 m in length.1 min read
car&bike Team | Jun 3, 2023Jeep Previews Autonomous Off-Road Driving TechnologyJeep says it will reveal more details on its off-road driving tech in the coming months.1 min read
car&bike Team | Jun 3, 2023Tata Group, Gujarat Government Sign MoU For Lithium-Ion Cell Manufacturing PlantThe plant will initially have a 20-gigawatt-hour capacity and will be set up at an investment of Rs 13,000 crore.1 min read
Electric Mobility
Sahil Gupta | Oct 23, 2020Tesla Crushes Q3 2020 Earnings With $800 Million ProfitImportantly for Tesla, this means it has even more cash on hand. It has $14.5 billion in cash1 min read
car&bike Team | Oct 23, 2020Tesla Fires The Man Behind Its GigaFactoriesHoretsky joined the world's most valuable automative company in 2015 to setup its first Nevada Gigafactory project.1 min read- car&bike Team | Oct 23, 2020Tesla Being Courted To Invest By Multiple States In IndiaMany Indian states are now courting Tesla as it prepares to scale factories and production beyond China, Europe and the US.1 min read
Reuters | Oct 23, 2020Auto Start-ups Chasing Tesla Race Past Red Flags To Go PublicLining up on the success of Tesla, the new EV-related start-ups want to go public but few have products ready to sell or any likelihood of generating significant revenue anytime soon.1 min read
Seshan Vijayraghvan | Oct 22, 2020Piaggio Launches The Ape E-City Electric Auto In Thiruvananthapuram And KozhikodePiaggio India has launched its all-electric three-wheeler, the Ape E-City, in Thiruvananthapuram and Kozhikode, in Kerala.1 min read
Auto Industry
Seshan Vijayraghvan | Jul 1, 2021Car Sales June 2021: Hyundai Registers Cumulative Sales Of 54,474 UnitsHyundai Motor India today released the monthly sales numbers for June 2021, during which the company registered total sales (domestic + exports) of 54,474 units. Compared to May 2021, when the company sold 30,703 units cumulatively, Hyundai witnessed a month-on-month (MoM) growth of over 77 per cent.1 min read
Ameya Naik | Jul 1, 2021The Flying Car Completes Its First Ever Inter-City FlightThe AirCar Prototype 1 is equipped with a 160 horsepower BMW engine with fixed-propeller and a ballistic parachute.1 min read
Seshan Vijayraghvan | Jul 1, 2021Car Sales June 2021: Maruti Suzuki's Total Sales Reach 147,368 Units As Lockdown Eases In IndiaMaruti Suzuki India has released the monthly sales numbers for June 2021, during which the company's total sales (domestic + exports) stood at 147,368 units. This includes the cumulative domestic sale of 130,348 units and exports of 17,020 units.3 mins read
Ameya Naik | Jul 1, 2021Auto Sales June 2021: Toyota Sells 8801 Units As Lockdown Eases Across IndiaThe cumulative wholesales of Toyota in the first six months of the calendar year 2021, stands at 59332 units when compared to 28686 units sold in the corresponding period last year, thereby registering a growth of 107 per cent.1 min read
Shubham Parashar | Jul 1, 2021CredR Bags Rs. 48.1 Crore Funding From Yamaha Motors And Other InvestorsBangalore-based Incredible Technologies Private Limited (CredR), has raised Rs. 48.1 crore in its latest round led by Yamaha Motors, and existing investors Omidyar Network India and Eight Roads Ventures, with participation from automotive focused Astarc Ventures.1 min read
Charanpreet Singh | Jul 1, 202120% Of Mercedes-Benz India's Sales Come From Online Platform: Santosh IyerMercedes-Benz's digital platform, which was launched last year in April, has shown a decent contribution towards its over sales in India. The carmaker has confirmed that 20 per cent of its sales come from the 'Merc From Home' platform.1 min read
Seshan Vijayraghvan | Jun 30, 2021Lexus India Launches 'Lexus Life' Ownership Programme; Enters Used Car Business With 'Lexus Pre-Owned'Lexus India today announced the launch of 'Lexus Life', a special ownership program for its buyers in the country.1 min read
Shubham Parashar | Jun 29, 2021Hyundai Motor India Achieves 10 Million Production MilestoneThe Hyundai Alcazar is the 10 millionth car to roll out of the production line at HMIL's plant in presence of M K Stalin- Chief Minister of Tamil Nadu who also signed on the car's hood to mark the occasion.2 mins read
Seshan Vijayraghvan | Jun 30, 2021Logistics Company Cogos To Add 2500 EVs To Its Fleet Over Next 24 MonthsBengaluru-based logistics platform, Cogos, has announced that it will be adding 2500 electric vehicles (EV) to its delivery fleet across Bangalore, Hyderabad, Delhi and Gujarat, and later in Maharashtra and Tamil Nadu.1 min read