Cars News

The EV investment figure, which has not previously been published, dwarfs previous investment estimates by Reuters and is more than twice the most recent calculation published just a year ago.

The U.S. Department of Justice launched the previously undisclosed probe last year following more than a dozen crashes, some of them fatal, involving Tesla's driver assistance system Autopilot, which was activated during the accidents, the people said.

The talks come as auto manufacturers from Stuttgart to Seoul have been angered by Biden's $430 billion "Inflation Reduction Act", enacted in August and aimed at rolling back climate change and making Washington a world leader in the electric vehicle (EV) market.

The first outcomes from the partnership between Volkswagen's software unit Cariad and Bosch, announced in January this year, are planned for 2023, the statement said.

The new BMW X6 Jahre M Edition is the ninth model in the Jahre series to be launched in the country and arrives in two unique shades - Black Sapphire and M Carbon Black.

The auto industry saw a lot of action this year as far as new launches are concerned and there is more to go before the year ends.

Nissan Motor Co. and Renault SA are currently in talks about the future of their alliance. These negotiations include Nissan’s potential investment in the latter’s planned electric vehicle business.

As Ford, General Motors Co and other companies began to realize they would need to step up investment over a longer period of time, "it was never clear what the financial returns were going to be" on automated vehicles, Evangelos Simoudis, an investor, author and corporate adviser