Cars

Reuters

Nov 21, 2021, 10:33 PM

JPMorgan Sues Tesla For $162 Million After Musk Tweets Soured Warrant Deal

According to the complaint, Tesla in 2014 sold warrants to JPMorgan that would pay off if their "strike" price was below Tesla's share price when the warrants expired in June and July 2021.

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  Reuters | Nov 21, 2021

  Ferrari Unveils Limited-Run Daytona SP3

  The Daytona SP3 will be produced in 599 units, with a not-for-everyone price of 2 million euros ($2.26 million) in Italy. Deliveries will start at the end of next year and are expected to be completed in 2024.

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  Reuters | Nov 21, 2021

  Uber Introduces Revamped Shared Rides Offer In The U.S

  Passengers booking a shared ride can now earn additional discounts in Uber credit, not cash, if another rider joins their trip.

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  Reuters | Nov 21, 2021

  Tesla Climbs As Other EV Makers Hit Brakes After Rally

  Investors exchanged $33.8 billion worth of Tesla shares on Wednesday, more than any other company on Wall Street and more than double the turnover of Apple, the second most traded company, according to Refinitiv.

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  Reuters | Nov 21, 2021

  Fisker Unveils Electric SUVs To Beat Tesla Over Driving Range

  Fisker said the base Ocean Sport model will be priced at $37,499 and achieve a driving range of 250 miles per charge.

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  Reuters | Nov 21, 2021

  Canada's Power Chip Maker GaN Systems Raises $150 Million, Pushes On Electric Car Market

  BMW and Toyota Motor Corp have been investors in GaN Systems for several years, and Witham said GaN recently signed its first "capacity agreement" with BMW to guarantee delivery of power chips worth over a quarter of a billion dollars.

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  Charanpreet Singh | Nov 21, 2021

  Delhi Government Urges Vehicle Owners To Get Colour-Coded Stickers For Fuel Identification

  These chromium-based hologram colour-coded stickers help enforcement personnel visibly identify the fuel type of vehicle during checks on the roads.

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  Sameer Contractor | Nov 21, 2021

  Maruti Suzuki Ciaz-Based Toyota Belta Sedan Revealed For The Middle East

  The Toyota Belta only gets a slightly tweaked grille to accommodate the new logo and is only offered with an automatic transmission in the Middle East. It's likely to go on sale in India next year.

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  Charanpreet Singh | Nov 21, 2021

  MG Astor Batch 1 Deliveries Could Be Delayed Due To Semiconductor Shortage

  In a recent development, the Chinese-owned British automaker has said that Astor's batch one deliveries could be delayed because of the semiconductor shortage.

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