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Andretti Hopes To Closing F1 Entry Deal Soon

Dec 28, 2022, 3:25 PM

Andretti Hopes To Closing F1 Entry Deal Soon

Andretti already has the support from Alpine and McLaren, but the big teams like Mercedes and Red Bull are not very inviting.

2 Min

Reuters | Dec 28, 2022
Tesla To Run Reduced Output In Shanghai In January, Plan Shows
Tesla will run production for 17 days in January between Jan. 3 to Jan. 19 and will stop electric vehicle output from Jan. 20 to Jan. 31 for an extended break for Chinese New Year
2 mins read
Reuters | Dec 28, 2022
Oil Prices Climb On Easing China COVID-19 Curbs, Concerns Over U.S. Storm Impact
Oil prices rose to three-week highs on Tuesday as China's latest easing of COVID-19 restrictions raised fuel demand hopes and concerns that winter storms across the United States are affecting energy production
2 mins read
Reuters | Dec 28, 2022
Uber, Motional Launch Robotaxi Service In Las Vegas
The launch is part of a non-exclusive 10-year agreement between both the companies for driverless vehicles, with a rollout in Los Angeles expected to follow.
1 min read
Reuters | Dec 28, 2022
Tesla To Shorten Shanghai Shifts, Delay Hiring - Report
Tesla's Shanghai plant is grappling with elevated inventory levels amid slowing demand in China's auto market.
1 min read
Reuters | Dec 28, 2022
German Car Giants And Asian Battery Kings: A Match Made In Hungary
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 mins read
Reuters | Dec 28, 2022
U.S. Lawmakers Want Buttigieg To Speed Deployment Of Connected Vehicles
The 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 28, 2022
Foxconn Fine For Unauthorised China Investment Likely To Be Imposed Soon - Report
A 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 28, 2022
Indonesia Considers $320 Million In Incentives To Boost EV Sales In 2023
Indonesia targets 20% of overall car sales in 2025 to be EVs
1 min read

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Reuters | Oct 31, 2021
Online Insurer Acko Raises $255 Million For Expansion Drive
The funds will also be used to develop new insurance products, for taking them to customers, as well as for fostering partnerships in the wider health economy including with hospitals.
1 min read
AFP | Oct 31, 2021
Ghosn Aide Kelly Seeks Acquittal In Tokyo Trial
Japanese prosecutors are seeking a two-year prison sentence for Kelly, a US citizen and former aide to ex-Nissan chief Carlos Ghosn.
1 min read
AFP | Oct 31, 2021
GM Q3 Profit Drops Amid Semiconductor Crunch
Profits fell 41 percent to $2.4 billion following a 24 percent drop in revenues to $26.8 billion amid a broad-based decline in sales in all markets and across models.
1 min read
AFP | Oct 31, 2021
Volvo Cars Shares Soar After IPO
The price per share for the offering had been set at 53 Swedish kronor, at the bottom end of the range Volvo announced last week of between 53 and 68 kronor per share ahead of its initial public offering (IPO).
1 min read
AFP | Oct 31, 2021
Ford Lifts Forecast, Citing Better Semiconductor Supply
The Detroit giant, which has joined other major automakers in cutting back production amid a global chip shortage, saw lower revenues tied to a drop in car sales compared with the year-ago period.
1 min read
AFP | Oct 31, 2021
Daimler Quarterly Profits Up Despite Chip Crisis
The Mercedes-Benz maker said in a statement its net profit surged 19 percent year-on-year to 2.57 billion euros ($3.0 billion) while earnings before interest and taxes rose four percent to 3.61 billion euros.
1 min read
Reuters | Oct 31, 2021
Didi's Ride Hailing Rival T3 Raises $1.2 Billion To Expand
T3's funding round comes as ride-hailing companies step up efforts to take market share from China's ride-hailing market leader Didi Global Inc.
1 min read
Reuters | Oct 31, 2021
Tesla Hikes Price Of Model X, Model S Variants By $5,000
The Model X Long Range and Model S Long Range now sell for $104,990 and $94,990 respectively.
1 min read
Reuters | Oct 31, 2021
GM To Resume Limited Production At EV Plant In Michigan
GM said limited production will start Nov. 1 to help optimize battery production and supply chain repair logistics, including providing vehicles to be used as courtesy transportation for customers during recall repairs.
1 min read