Auto Industry

Reuters

Dec 26, 2022, 8:35 PM

Indonesia Considers $320 Million In Incentives To Boost EV Sales In 2023

Indonesia targets 20% of overall car sales in 2025 to be EVs

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  car&bike Team | Dec 26, 2022

  Kinetic Engineering Commences E-Luna Chassis & Component Production

  The E-Luna will be based on Kinetic’s original Luna moped that was first launched in India over half a century ago.

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  Reuters | Dec 26, 2022

  China's BYD To Start Selling Evs In Japan By Early 2023

  China'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).

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  Reuters | Dec 26, 2022

  Siemens, Others Call For Only Zero-Emission Freight Trucks To Be Sold In EU By 2035

  In 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.

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  car&bike Team | Dec 26, 2022

  Musk Says Wise To Avoid Margin Loans During Macroeconomic Risks

  Tesla Chief Executive Elon Musk said it was "generally wise" to avoid using margin loans on any company when there are macroeconomic risks involved, in response to a question on Twitter about the electric-vehicle maker's stock performance.

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  car&bike Team | Dec 26, 2022

  Mahindra Thar To Get New 4x2 Variants

  Aside from missing out on the four-wheel drive system, the diesel Thar will also come with a smaller 1.5-litre engine.

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  Reuters | Dec 26, 2022

  Europe's Car Repairers Call For Competition Rules Rewrite

  The 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.

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  Reuters | Dec 26, 2022

  Tesla Driver In Multi-Car Crash Told Police Self-Driving Software Malfunctioned

  The 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.

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  Reuters | Dec 26, 2022

  Tesla Falls On Growing Angst Over Musk's Focus On Twitter

  Analysts say investors are worried that Musk may need to sell shares further to fund Twitter and sentiment around the acquisition of the social media firm could hurt the EV maker's brand.

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