Cars
Reuters
Oct 29, 2022, 4:47 AM
The IPO values Mobileye at $16.7 billion, a far cry from the $50 billion valuation that Intel was initially hoping to achieve.
2 Min
Reuters | Oct 29, 2022Automakers To Double Spending On EVs, Batteries To $1.2 Trillion By 2030The 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.2 mins read
Reuters | Oct 29, 2022Tesla Faces U.S. Criminal Probe Over Self-Driving Claims - ReportThe 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- Reuters | Oct 29, 2022U.S., EU Launch Formal Group To Discuss Conflict Over EV SubsidiesThe 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.1 min read
Reuters | Oct 29, 2022Volkswagen No Longer Investing In Self-Driving Startup Argo AIThe 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.1 min read
Sameer Contractor | Oct 29, 2022BMW X6 50 Jahre M Edition Launched In India, Priced at Rs. 1.11 CroreThe 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.2 mins read
car&bike Team | Oct 28, 2022Upcoming Car Launches In India In 2022The 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.4 mins read
Seshan Vijayraghvan | Oct 28, 2022Nissan Considers Taking 15% Stake In Renault’s Planned EV Unit: ReportNissan 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.1 min read
Reuters | Oct 28, 2022Analysis-Ford, VW Pop The Automated-Vehicle Bubble With Argo AI ExitAs 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 adviser3 mins read
