Auto Industry

car&bike Team

May 28, 2022, 4:03 AM

Norwegian Software Venture Targets Rising Cyber Attack Risks

Norwegian firms Telenor, Aker ASA and Cognite say a new software security company they plan to launch this year will help companies protect their industrial assets from an increased cyber attack risk since Russia's invasion of Ukraine.

1 Min

• 
  car&bike Team | May 28, 2022

  Oil Edging Higher Supported By The Prospect Of A Tight Market

  U.S. petrol stocks fell by 482,000 barrels last week to 219.7 million barrels, U.S. Energy Information Administration said on Wednesday. The start of summer driving season in the United States normally entails increased consumption.

  1 min read
• 
  car&bike Team | May 28, 2022

  Stellantis Boss Expects Chip Supply To Remain Tight This Year

  "Semiconductor supply is still very short, the situation is very similar to that of 2021. I would say 2022 would not bring a major improvement," Chief Executive Carlos Tavares said at an event in Como to promote Alfa Romeo's new sport utility vehicle (SUV) , the Tonale.

  1 min read
• 
  car&bike Team | May 28, 2022

  Chipmaker Infineon Raises 2022 Revenue Outlook After Results Beat

  The Munich-based company raised its 2022 revenue for the second time by 500 million euros ($525.20 million) to around 13.5 billion euros, including a range of plus or minus 500 million euros.

  1 min read
• 
  car&bike Team | May 28, 2022

  Toyota Rolls Out First Battery Electric Car In Cautious Debut As Rivals Go Full-Throttle

  Petrol-electric hybrid models remain far more popular in Toyota's home market than electric vehicles (EVs), which accounted for just 1% of the passenger cars sold in Japan last year, according to industry data.

  1 min read
• 
  car&bike Team | May 28, 2022

  Hyundai Motor Group To Invest $5.5 Billion To Build EV, Battery Facilities In U.S

  Hyundai Motor Group, which houses Hyundai Motor Co and Kia Corp, added that the battery manufacturing facility will be established through a strategic partnership, details of which will be disclosed at a later stage.

  1 min read
• 
  car&bike Team | May 28, 2022

  For EV Maker Rivian, Delivery Headache Hits As Market Shuts Down Coffers

  The complaints mounted after Rivian Automotive Inc in late April said it was changing the production sequence of vehicles, prioritizing those with specific interior and exterior color and wheel options.

  1 min read
• 
  car&bike Team | May 28, 2022

  Tesla Submits Application To Expand German Plant: Report

  Tesla which already has 300 hectares of land for its auto factory and battery plant under construction, planned to build a freight station, logistics areas and parking spaces on the additional space, Gruenheide mayor Arne Christiani told RBB.

  1 min read
• 
  car&bike Team | May 28, 2022

  Tata Motors Files 125 Patents In Last Financial Year

  The carmaker announced that it had filed its highest number of patents ever in a financial year.

  1 min read