Auto Industry

car&bike Team

Feb 26, 2022, 7:27 PM

California, Texas Pension Funds Among New Investors In EV Startup Rivian

CalPERS, which has approximately $492 billion under management, bought slightly more than 305,000 shares in the company, while the $191 billion Teacher Retirement System of Texas fund took a position of about 33,000 shares in the company.

1 Min

• 
  car&bike Team | Feb 26, 2022

  Zenobe Signs Deal With UK's National Express For 130 Electric Buses

  The buses, made by NFI Group unit Alexander Dennis Limited (ADL) with powertrain and motor supplied by BYD Co Ltd, will be run by National Express in the British city of Coventry.

  1 min read
• 
  car&bike Team | Feb 26, 2022

  TSMC To Expand New Japan Chip Factory, Denso Takes Stake

  TSMC, which is the world's largest contract chip maker, announced the $7 billion factory in southern Japan in November and construction is scheduled to start this year, with production beginning by the end of 2024.

  1 min read
• 
  car&bike Team | Feb 26, 2022

  Thailand Approves Incentives To Promote EV Shift

  In the first two years, the measures will focus on encouraging widespread domestic use of EVs by providing tax breaks and subsidies for imported models and those made locally, he said.

  1 min read
• 
  car&bike Team | Feb 26, 2022

  EV Startups Hunt For An Edge As Big Automakers Roll Out Vans And Trucks

  Spurred on by looming bans on combustion engines in China and Europe, major automakers are striving to bring their commercial electric vehicles (EV) to market fast and ensure they don't get caught out again by another Tesla.

  1 min read
• 
  car&bike Team | Feb 26, 2022

  GM Extends EV Bolt Production Halt But Plans To Soon Resume Sales

  GM said it planned to resume production of the Bolt at its Orion Township, Michigan plant the week of April 4.

  1 min read
• 
  car&bike Team | Feb 26, 2022

  Volkswagen Expects Chip Shortage To Ease Later In 2022

  Carmakers around the world have been hit by a shortage of semiconductors caused by COVID-19 supply-chain disruptions as well as soaring semiconductor demand at consumer electronic companies.

  1 min read
• 
  car&bike Team | Feb 26, 2022

  Odd Steering Wheel And Controls Trip Up Tesla, Rivals

  Tesla Inc's new "yoke" steering wheel installed in Model S sedans and Model X sport utility vehicles is so difficult to use that it dropped the most valuable automaker's position in the Consumer Reports.

  1 min read
• 
  car&bike Team | Feb 26, 2022

  Mexico Border City Auto Workers Gear Up For Union Vote In Trade Deal Test

  The vote, scheduled for Monday, comes weeks after an established union lost its 25-year hold at General Motors Co in the central city of Silao to an upstart group in an election following another complaint under the United States-Mexico-Canada Agreement (USMCA) trade deal.

  1 min read