Auto Industry
Reuters
Mar 1, 2022, 3:23 AM
Russian forces invaded Ukraine last week, marking the biggest attack by one state against another in Europe since World War Two. Many firms have idled operations in Russia following Western sanctions against Russia.
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car&bike Team | Mar 1, 2022India's Biggest Car Dealer Popular Plans $100 Million Listing: ReportPapers filed in August with India's markets regulator seeking approval for its listing show the dealer plans to raise $20 million by issuing new shares.1 min read
car&bike Team | Mar 1, 2022Germany Clears Mercedes-Benz's Hands-Free Drive SystemThe automated system allows the driver to focus on other activities while a car equipped with the technology is in heavy traffic or on congested highways, Mercedes-Benz said in a statement.1 min read
Reuters | Mar 1, 2022Toyota To Build New $1.3 Billion Battery Plant In North CarolinaThe new plant, at a site in Liberty that will begin production in 2025, will initially be capable of supplying lithium-ion batteries for 800,000 vehicles annually, and will "pave the way" for Toyota's U.S. production of electric vehicles.1 min read
Reuters | Mar 1, 2022Self-Driving Startup Robotics Research Raises $228 Million In FundingThe fundraising round also included an investment from Luminar Technologies, which makes lidar sensors used in self-driving cars.1 min read
Reuters | Mar 1, 2022German Mobility Startup Vay Raises $95 MillionVay raised $95 million from investors such as Kinnevik, Coatue and Eurazeo, as it planned to launch its first car-rental service in Hamburg next year.1 min read
Reuters | Mar 1, 2022BYD And Momenta Establish Joint Venture For Autonomous Driving TechnologyThe new venture, called DiPi Intelligent Mobility Co and located in Shenzhen, combines BYD's capabilities as an automaker with Momenta's experience in intelligent driving.1 min read
Reuters | Mar 1, 2022Ferrari Signs Deal With Tech Firm Velas To Create Digital Products For FansFrom next season, Velas, a provider of digital products and services, will become a partner of Ferrari's Formula 1 racing team.1 min read
Reuters | Mar 1, 2022Robotaxi Race Opens Up As Top Contender Waymo In Low gear In ArizonaCompanies including Ford Motor Co's Argo AI and General Motors Co's Cruise are competing for the billions of dollars in financing needed to automate driving through artificial intelligence software and expensive sensors.1 min read
