Auto Industry
car&bike Team
Mar 14, 2022, 4:37 PM
The investment values AutoFi at nearly $700 million, the company said. Investors in the new round include Santander Holdings USA, Silicon Valley Bank and Crosslink Capital.
1 Min
Reuters | Mar 13, 2022US Eliminates Human Controls Requirement For Fully Automated VehiclesAutomakers and tech companies have faced significant hurdles to deploying automated driving system (ADS) vehicles without human controls because of safety standards written decades ago that assume people are in control.1 min read
Reuters | Mar 13, 2022Italy To Give New Electric Car Buyers Subsidy Of Up To 6,000 EurosThe subsidy of up to 6,000 euros is subject to the purchase of new vehicles costing up to 35,000 euros and includes a 2,000 euro contribution linked to the scrappage of a polluting combustion-engine car.1 min read
Reuters | Mar 13, 2022Russia Seeks Indian Investment In Its Oil And Gas Sector"Russia's oil and petroleum product exports to India have approached $1 billion, and there are clear opportunities to increase this figure," said Russia's Deputy Prime Minister Alexander Novak, according to a statement shared by Russia's embassy in India.1 min read
Reuters | Mar 13, 2022Swiss Court Rejects Bid To Cloak Accounts In Ghosn ProbeCarlos Ghosn, the architect of the Renault-Nissan auto alliance, has been fighting multiple probes since fleeing to Lebanon from Japan in late 2019 and has said he hopes to clear his name in financial misconduct cases against him.1 min read
car&bike Team | Mar 13, 2022Rental Car Giants Embark On Electric After Pandemic BonanzaThe $100 billion Western rental car industry, flush with cash from a profitable pandemic, is gradually getting its electric show on the road, and Chinese-made vehicles are poised to play a starring role.1 min read
car&bike Team | Mar 12, 2022Tavares Confident That Stellantis Can Catch Up With TeslaStellantis should be able to catch up with electric vehicle pioneer Tesla in the coming years, its chief executive Carlos Tavares said on Friday1 min read
car&bike Team | Mar 12, 2022Volvo Cars To Set Up Tech Hub In StockholmVolvo Cars will establish a tech hub in the Swedish capital of Stockholm1 min read
car&bike Team | Mar 12, 2022U.S. Eliminates Human Controls Requirement For Fully Automated VehiclesU.S. regulators on Thursday issued final rules eliminating the need for automated vehicle manufacturers to equip fully autonomous vehicles with manual driving controls to meet crash standards1 min read
