Cars
Reuters
Jul 30, 2022, 6:21 PM
Foxconn, the world's largest contract electronics maker, said this week it has become a shareholder in embattled Chinese chip conglomerate Tsinghua Unigroup via a 5.38 billion yuan ($797 million) investment by a subsidiary.
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Reuters | Jul 30, 2022Brazilian Ride-Hailing App 99 To Test Electric Car With China's BYDThe tests of the vehicle, which was developed by BYD and China's Didi Chuxing, will begin this week in Sao Paulo, Brazil's financial capital, with the goal of accelerating the adoption of electric vehicles in 99's fleet.1 min read
Reuters | Jul 30, 2022U.S. Agency To Open Probe Into Fatal Florida Tesla CrashNHTSA has previously opened 36 special crash investigations - including the California crash - involving Tesla Inc vehicles in which advanced driver assistance systems like Autopilot were suspected of being used since 2016.2 mins read
Reuters | Jul 30, 2022Chip Crunch Easing Could Weigh On Pricing Power, Tavares SaysIn a media call presenting the automaker's results in the first half of the year, Tavares said the industry was in a "very specific sweet spot right now".1 min read
Jaiveer Mehra | Jul 30, 2022JK Tyre Reveals New Range Of Electric Vehicle Specific TyresJK Tyre says the new tyres offer ultra-low rolling resistance while also being durable and offering improved traction.1 min read
Reuters | Jul 30, 2022Brembo Open To Further Investment In Chinese JV As H1 Profit Tops ForecastBrembo could consider expanding its investment in a newly announced joint venture in China with Gold Phoenix, its executive chairman told Reuters after the Italian brakes maker posted a 13% rise in first-half core earnings.1 min read
car&bike Team | Jul 30, 2022Toyota Supplier Denso's Q1 Profit Tumbles 41%, Misses ViewJapan's Denso Corp, a major supplier to Toyota Motor Corp, lowered its operating profit forecast for the current business year by 14%, expecting automakers to undershoot production plans.2 mins read
Reuters | Jul 30, 2022Rivian To Cut Headcount By 6%Electric-truck maker Rivian Automotive Inc said it was reducing headcount by 6% in order to optimize costs in a tightening macroeconomic environment.1 min read
car&bike Team | Jul 30, 2022JLR Parent Tata Motors Sees Sales Picking Up As Chip Shortage EasesTata Motors Ltd expects strong demand to drive up sales of its cars, including at the luxury Jaguar Land Rover (JLR) unit, as the semiconductor shortage eases, even as it posted a wider quarterly loss on higher costs.2 mins read
