New Cars

Reuters

Jan 8, 2019, 8:45 PM

EV Startup Byton Aims To Raise $500 Million To Fund Growth

Chinese-funded electric vehicle manufacturer Byton is seeking to raise at least $500 million to finance growth, valuing the nearly three-year-old company at more than $4 billion, two people familiar with the matter told Reuters. The latest round of fundraising comes as China's government promotes new energy vehicles (NEVs), a category comprising battery-powered and plug-in battery-petrol hybrid cars, to help reduce air pollution and support high technology development. Byton is keen to primarily attract foreign investors in its latest fundraising and the proceeds will be mainly used to finance the mass production of its first premium electric SUV vehicle - Byton M-Byte and research and development, one of the sources said on condition of anonymity as discussions are still private.

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  Reuters | Jan 8, 2019

  Toyota's Safety Technology Guardian To Be Available In The 2020s

  Toyota Motor Corp's (7203.T) automated safety technology "Guardian" will be available "in the 2020s," Gill Pratt, chief executive officer of the Toyota Research Institute, said on Monday in Las Vegas. The model is more limited than Toyota's full self-driving system, which it labels its "Chauffeur" technology, but "the car if it needed to could drive itself," Pratt told reporters after a news conference at the annual CES global technology conference.

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  Seshan Vijayraghvan | Jan 8, 2019

  Mahindra XUV300 Base Variant Spotted Ahead Of Launch

  A new set of spy shots of the Mahindra XUV300 have surfaced online and this time around we get to see the cabin of one of the base models of the upcoming SUV.

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  car&bike Team | Jan 8, 2019

  2019 Maruti Suzuki WagonR: Variants Explained

  The WagonR has been a key selling product for Maruti Suzuki in India and also has been a part of the top five selling passenger vehicle list for quite a long time. Apart from being popular among private car buyers, the WagonR is also one the most affordable and reliable workhorses for fleet operators (Read Ola and Uber). The Maruti Suzuki WagonR has received two-generation updates so far and the third generation will be launching this month and there are quite a few things which have changed or rather have been upgraded in this new model.

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  car&bike Team | Jan 8, 2019

  Fuel Prices Hiked In Delhi After A Series Of Reduction

  In the last three months of 2018 there have been a series of reduction in retail prices of petrol and diesel. However, prices have been marginally increased right at the start of 2019 after being at their respective lowest on December 31, 2018. The retail price of diesel in the capital has been increased by 8 Paise to Rs. 62.24 from Rs. 62.16 and the retail price of petrol went up by 20 Paise to Rs. 68.50 from Rs. 68.30.

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  car&bike Team | Jan 8, 2019

  New Mercedes-Benz CLA Teased Ahead Of Global Debut At CES

  The new-gen 2020 Mercedes-Benz CLA has been teased ahead of its official debut at the 2019 Consumer Electronic Show (CES), on January 8. The teaser gives us a glimpse of the CLA Edition trim, which is said to be a special, fully-loaded version of the second-generation model.

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  car&bike Team | Jan 7, 2019

  New BMW 3 Series With Longer Wheelbase Showcased For China

  BMW showcased the new 3 Series a few months ago and we have already driven it - (New BMW 3 Series Review). With its updated styling, all new interior, and bigger dimensions, the new 3 Series is still a great sports saloon albeit with a dose of luxury. And now BMW has showcased an extended wheelbase version of the new 3 Series, which is destined to be launched in China later this year. The new BMW 3 Series Li is 120 mm longer than its standard version, most of which has been added to the wheelbase making it a more comfortable car for the rear passengers.

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  car&bike Team | Jan 7, 2019

  2019 Maruti Suzuki Wagon R AMT - Interior Images Leaked

  A new set of spy images of the 2019 Maruti Suzuki Wagon R have surfaced online, and this time around, we get to see the cabin of the AMT model.

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  Bloomberg Team | Jan 7, 2019

  German Giants Cruise Into Robotaxi Era

  Four years ago, Daimler AG dazzled with a self-driving luxury lounge in Las Vegas with a concept vehicle boasting a sleek interior that promised to pamper its well-heeled passengers into the automotive future. This year the Mercedes-Benz maker is back at the annual Consumer Electronics Show, though with a more utilitarian slant: a bubble-like autonomous shuttle designed to reliably ferry people and goods around town at limited speeds. The move from glittery luxury concepts to box-shaped people movers underscores a shift in the race toward autonomous vehicles. While driverless cars might not populate public roads for some time, shuttle services in confined areas have started to look more feasible, at least over the next few years.

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