Cars

Reuters

Oct 29, 2022, 10:14 AM

Toyota Launches Pilot Project For Flex Fuel Vehicle In India

The sedan, imported from Toyota Brazil, is powered by flex fuel technology, which allows the engine to run on fuel blended with a higher percentage of ethanol, reducing the consumption of gasoline, along with a hybrid powertrain.

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  Reuters | Oct 29, 2022

  Musk, Twitter Could Reach Deal To End Court Battle, Close Buyout Soon: Report

  Musk, who is also chief executive officer of electric car maker Tesla Inc, proposed to Twitter late on Monday he would change course and abide by his April agreement to buy the company for $54.20 per share, if Twitter dropped its litigation against him.

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  Reuters | Oct 29, 2022

  U.S. Autonomous Vehicle Group Picks Ex-Senate Aide As Director

  The Autonomous Vehicle Industry Association (AVIA) has tapped Jeff Farrah as its first executive director.

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  Reuters | Oct 29, 2022

  Chip Shortage Forces Temporary Closure Of Volvo Cars Factory - GP

  Volvo Cars will temporary close one of its factories due to a chip shortage, the company told newspaper Goteborgs-Posten on Tuesday.

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  Reuters | Oct 29, 2022

  Intel Unit Mobileye Prices IPO Above Range To Raise $861 Million

  The IPO values Mobileye at $16.7 billion, a far cry from the $50 billion valuation that Intel was initially hoping to achieve.

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  Reuters | Oct 29, 2022

  Automakers To Double Spending On EVs, Batteries To $1.2 Trillion By 2030

  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.

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  Reuters | Oct 29, 2022

  Tesla Faces U.S. Criminal Probe Over Self-Driving Claims - Report

  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.

  4 mins read
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  Reuters | Oct 29, 2022

  U.S., EU Launch Formal Group To Discuss Conflict Over EV Subsidies

  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.

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  Reuters | Oct 29, 2022

  Volkswagen No Longer Investing In Self-Driving Startup Argo AI

  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.

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