Auto Industry
car&bike Team
Nov 11, 2021, 10:18 PM
Porsche AG, part of the Volkswagen Group, profits from being part of Volkswagen, its CEO Oliver Blume said on Wednesday, following speculation that an IPO of the luxury unit could be on the cards.
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car&bike Team | Nov 11, 2021China Vehicle Sales Fall 9.4% In October 2021: ReportChina's auto sales fell in October for a sixth consecutive month, slumping 9.4% from a year earlier, industry data showed on Wednesday, as a prolonged global shortage of semiconductors disrupts production.1 min read
car&bike Team | Nov 11, 2021China Evergrande EV Unit Plans Share Sale To Fund Vehicle ProductionChina Evergrande's electric vehicle unit said on Wednesday it plans to sell HK$500 million ($64.2 million) worth of shares to fund production of new-energy cars, including those made by its Hengchi brand.1 min read
car&bike Team | Nov 11, 2021TSMC To Build New Chip Factory In Taiwan's Southern City Amid ShortageTaiwan Semiconductor Manufacturing Co (TSMC) said on Tuesday it will set up a new chip factory in the island's southern city of Kaohsiung as the world's largest contract chip maker bids to boost production amid a global chip shortage.1 min read
car&bike Team | Nov 11, 2021Twenty Iconic Vintage Models To Be Auctioned This DecemberWith India commemorating Swarnim Vijay Varsh in 2021, twenty iconic cars will be auctioned on the occasion.1 min read
car&bike Team | Nov 11, 2021Elon Musk Sells $5 Billion In Tesla Shares After Twitter PollTesla Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday, just days after he polled Twitter users about selling 10% of his stake.1 min read
car&bike Team | Nov 11, 2021Subaru Unveils First All-Electric Car Solterra, Developed With ToyotaJapan's Subaru Corp on Thursday unveiled it first all-electric vehicle (EV), the Solterra, the result of a two-year joint development project with its biggest shareholder Toyota Motor Corp.1 min read
Ameya Naik | Nov 11, 2021Good Growth Will Soon Return To The Indian Car Market: Kenichi Ayukawa, MD, CEO, Maruti SuzukiSpeaking during the launch of the new-gen Celerio, Kenichi Ayukawa, MD, and CEO, Maruti Suzuki said that while there may be some supply side constraints in the short term, owing to shortage of electronic components, the medium and long term India story continues to look promising.1 min read
car&bike Team | Nov 10, 2021Omega Seiki Mobility, Log9 Materials Introduce Fast-Charging EV Three-WheelerThe Rage+ Rapid has a claimed charging time of just 35 minutes, and comes with a vehicle warranty of 5 years, and battery warranty of 6 years.1 min read
