Auto Industry

Reuters

Nov 8, 2021, 12:08 AM

EV Maker Rivian Boosts IPO Price Range, Aims For $65 Billion Valuation

The company now expects to sell 135 million shares in the range of $72-$74 apiece to raise nearly $10 billion on Nov. 9.

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  Sameer Contractor | Nov 7, 2021

  Indian Oil Launches Cleaner, Fuel Efficient XtraGreen Diesel

  Indian Oil says its new XtraGreen diesel uses a modified DMFA (Diesel Multi-Functional Additive) to lower emissions and improve the vehicle's fuel efficiency.

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  Reuters | Nov 7, 2021

  Tesla Opens Canada Battery Gear Factory In Markham, Ontario: Report

  "I'm delighted to share that Tesla Canada is joining our already robust automotive and technology ecosystem by locating a manufacturing facility in the City of Markham," the city mayor Frank Scarpitti said on Twitter.

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  Reuters | Nov 7, 2021

  Apple Hires Former Tesla Engineer To Boost Self-Driving Car Effort: Report

  The news comes weeks after the head of Apple's car project, Doug Field, joined Ford Motor Co to lead the automaker's advanced technology and embedded systems efforts.

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  Reuters | Nov 7, 2021

  Musk Asks Twitter Followers Whether He Should Sell 10% Of Tesla Stock

  Musk has criticized the proposal, which would affect 700 billionaires and impose taxes for long-term capital gains on tradable assets, whether or not they have been sold.

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  AFP | Nov 6, 2021

  Toyota Ranked One Of Worst Major Automakers For Emissions Efforts

  The campaign group gave Toyota and US-European firm Stellantis "F minus minus" grades for decarbonisation efforts including phasing out engines that burn planet-warming fossil fuels in favour of electric vehicles.

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  Shubham Parashar | Nov 5, 2021

  Delhi Government Withdraws Subsidies On Electric Cars

  The Delhi government has withdrawn the Rs. 1.5 lakh subsidy on electric cars after it completed sales on 1000 units and the decision comes at a time when Delhi was inching closer to becomes one of the highest EV selling states.

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  Reuters | Nov 5, 2021

  Swedish Self-Driving Start-Up Einride Expands Into US Market

  The company has already started operating a fleet of 20 Einride Pods - its electric self-driving truck without a driver cabin.

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  Reuters | Nov 5, 2021

  UK Based EV Maker Bedeo Acquires China's Protean From Evergrande's Auto Unit

  Bedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group.

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