🔎
No results found
Try a different keyword.
Jaguar Land Rover opens three European self-driving tech hubs

Jaguar Land Rover opens three European self-driving tech hubs

LONDON, Feb 21 (Reuters) – Luxury carmaker Jaguar Land Rover said on Tuesday it is opening three new engineering hubs in Europe to develop autonomous vehicle technologies as part of its partnership with Silicon Valley artificial intelligence company Nvidia (NVDA.O).

The hubs in Munich, Bologna and Madrid will develop self-driving systems for JLR’s next generation of luxury vehicles. JLR already has six global tech hubs the United States, China and Europe.

Continue reading “Jaguar Land Rover opens three European self-driving tech hubs”

Australia’s Magnis in deal with Tesla to supply graphite for electric vehicle batteries

Australia’s Magnis in deal with Tesla to supply graphite for electric vehicle batteries

Feb 21 (Reuters) – Australia’s graphite developer Magnis Energy (MNS.AX) on Tuesday said it has signed a binding offtake deal with Tesla Inc (TSLA.O) to supply battery anode materials for a minimum three-year term beginning February 2025.

The deal comes while automakers race to secure the supply of critical minerals as the world shifts to decarbonise and diversify global supply chains away from China, the world’s biggest producer of electric vehicle batteries.

Continue reading “Australia’s Magnis in deal with Tesla to supply graphite for electric vehicle batteries”

Reuters wins George Polk Award for uncovering child labor in Hyundai supply chain

Reuters wins George Polk Award for uncovering child labor in Hyundai supply chain

New York, Feb 20 (Reuters) – A team of Reuters reporters on Monday won a George Polk Award for reports that revealed the widespread use of child labor among suppliers to Hyundai Motor Co in the U.S. state of Alabama.

The series of stories, “Undocumented and Underage,” has prompted at least 10 probes by U.S. and Alabama authorities into suppliers of Hyundai and sister brand Kia. The reporting was carried out over more than a year by journalists Joshua Schneyer, Mica Rosenberg, Kristina Cooke and colleagues.

Continue reading “Reuters wins George Polk Award for uncovering child labor in Hyundai supply chain”

VW’s China JV with SAIC names Jia Jianxu as its new head

VW’s China JV with SAIC names Jia Jianxu as its new head

SHANGHAI, Feb 20 (Reuters) – Volkswagen’s joint venture with China’s SAIC Motor (600104.SS) said on Monday it had appointed Jia Jianxu, a veteran executive at the state-owned Chinese automaker, as its new general manager.

Born in 1978, Jia has more than 20 years of experience in the auto industry and was in charge of SAIC’s European market expansion, according to SAIC-VW’s statement. Both automakers have a 50% share in the joint venture.

Continue reading “VW’s China JV with SAIC names Jia Jianxu as its new head”

Tata Motors and Uber sign MOU for 25000 XPRES-T EVs

Tata Motors and Uber sign MOU for 25000 XPRES-T EVs

PTI – Aligned towards its goal of a clean and green environment, Tata Motors will be aiding Uber in electrifying their services across Delhi NCR, Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru, and Ahmedabad. The company will begin the deliveries of the cars to Uber’s fleet partners in a phased manner, starting this month.

Tata Motors, India’s leading automobile manufacturer and the pioneer of India’s EV evolution, on Monday signed an MoU with Uber, India’s leading ridesharing app, to bring 25,000 XPRES–T EVs into their premium category service.

Continue reading “Tata Motors and Uber sign MOU for 25000 XPRES-T EVs”

Motherson to acquire SAS Autosystemtechnik from Faurecia

Motherson to acquire SAS Autosystemtechnik from Faurecia

PTI – The enterprise value of the business is Euro 540 million and the transaction will be funded by a mix of debt and internal accruals The transaction remains subject to information or consultation with employee representatives. Completion of the envisaged transaction will be subject to customary regulatory approvals and would be expected by Q2 FY24 (July- Sept 23).

Automotive supplier Motherson Group on Sunday said it has entered into an agreement to acquire 100% of the stake in SAS Autosystemtechnik (Germany) from Faurecia, a company of the Forvia Group.

Continue reading “Motherson to acquire SAS Autosystemtechnik from Faurecia”

Lithium find in India good, but miles to go for sustainable production, application

Lithium find in India good, but miles to go for sustainable production, application

PTI ( By Prof -Ing. Praveen Kumar)– The positive implications of this discovery may be outweighed by its negative impacts if caution is not exercised. As with any resource extraction, Li mining can have significant social, environmental, and health impacts. It can cause soil degradation, water shortages, biodiversity loss, and damage to ecosystem functions. lithium production requires substantial amounts of water and energy. A lithium-ion battery requires three other critical elements, Nickel (Ni), Manganese (Mn), and Cobalt (Co) which are to be imported.

In the Reasi district of Jammu and Kashmir, an extensive lithium (Li) deposit, one of the largest in the world, has been discovered. This discovery holds significant potential to support contemporary technology, especially in transportation electrification, and to reduce dependence on fossil fuels. Lithium is a valuable resource due to its lightweight and widespread usage in electronic devices, such as mobile phones, laptops, cars, and aircraft.

Continue reading “Lithium find in India good, but miles to go for sustainable production, application”

Will 2023 be a turning point for software defined vehicle trend?

Will 2023 be a turning point for software defined vehicle trend?

PTI – Software defined vehicles can add other dimensions to the automobile industry along with the connected vehicle megatrend, a key driver. Technology providers become critical partners as OEMs look to offer more value and convenience in their vehicles through advanced features. Some of them will help generate revenue also.

As the CASE (Connected Autonomous Shared Electrification) megatrends grow, software content in the automobile of any segment is also on the rise. And that trend is expected to boost the balance sheets of automotive software suppliers. According to a McKinsey report, the global automotive software and electronics market is expected to touch USD 468 billion by 2030, a 5.6% CAGR from 2019.

Continue reading “Will 2023 be a turning point for software defined vehicle trend?”

MG Motor India delivers 108 Hector SUVs to Rent a Car Division of Orix India | All in One Day

MG Motor India delivers 108 Hector SUVs to Rent a Car Division of Orix India | All in One Day

Largest car leasing and rental company of India takes delivery of 108 units of the First Internet SUV of India made by one of the most innovative and youngest car maker at India.

All in a day’s work! Whew!

MG Motor India has delivered 108 Hector SUVs over a single business day to Orix India for its rent-a-car division.

Orix, is said to be one of the largest car leasing and rental companies in India and is part of the Orix Corporation, Japan, a highly diversified corporation offering a wide range of services globally.

The formal handing-over ceremony was held at MG Moti Nagar, New Delhi, in the presence of Gaurav Gupta, CCO, MG Motor India, and Sandeep Gambhir, MD and CEO, Orix India.

Continue reading “MG Motor India delivers 108 Hector SUVs to Rent a Car Division of Orix India | All in One Day”

Haryana CM flags off 70 fully built-up buses

Haryana CM flags off 70 fully built-up buses

PTI – Acknowledging that strengthening public transport is one of the key issues in the endeavour towards a more sustainable transport system, the state government has time and again increased the number of public vehicles, Khattar said.

Haryana Chief Minister Manohar Lal Khattar on Saturday flagged off 70 fully built-up standard non-AC buses at Panchkula. According to plans, 400 fully built-up standard non-AC buses are likely to be delivered by March 31. The remaining buses will be delivered before June 30, an official release said.

Continue reading “Haryana CM flags off 70 fully built-up buses”

Hero MotoCorp plans to expand electric two- wheeler range over next 12-18 months

Hero MotoCorp plans to expand electric two- wheeler range over next 12-18 months

PTI  – The company produces the electric scooter at its Chittoor-based plant in Andhra Pradesh and competes with the likes of Bajaj Chetak, TVS iQube, Ather Energy, Hero Electric and Ola Electric, among others.

The country’s largest two-wheeler maker Hero MotoCorp plans to expand its electric two-wheeler range over the next 18-24 months as it looks to cater to demand across multiple customer segments, according to a senior company official. The company, which has already commenced sales of its electric scooter under Vida brand across Delhi, Bengaluru and Jaipur, plans to introduce the existing range in other cities as well in the next fiscal before it starts to roll out the new products.

Continue reading “Hero MotoCorp plans to expand electric two- wheeler range over next 12-18 months”

VW, Mercedes-Benz urge Berlin to accelerate EV charging network expansion, report says

VW, Mercedes-Benz urge Berlin to accelerate EV charging network expansion, report says

BERLIN, Feb 19 (Reuters) – German carmakers Mercedes-Benz (MBGn.DE) and VW (VOWG_p.DE) have urged the government to do more to scale up the number of electric vehicle charging stations across the country, German paper Bild am Sonntag wrote on Sunday.

“To speed up the change (to electric vehicles), we need to be sure that the charging station infrastructure is being built up,” Mercedes-Benz Chief Executive Ola Kallenius was quoted as saying by the paper. “That’s also a question for politics.”

Continue reading “VW, Mercedes-Benz urge Berlin to accelerate EV charging network expansion, report says”

Carmaker Stellantis upbeat about future of German brand Opel – magazine

Carmaker Stellantis upbeat about future of German brand Opel – magazine

BERLIN, Feb 19 (Reuters) – Franco-Italian carmaker Stellantis is upbeat about the outlook of its German subsidiary Opel which it believes will be able to keep operating as a separate brand, the company’s Europe chief Uwe Hochgeschurtz told magazine Automobilwoche.

“I’m happy with the brand and with its array of products,” Hochgeschurtz was quoted as saying in the interview published on Sunday. “There is great capacity for development.”

Continue reading “Carmaker Stellantis upbeat about future of German brand Opel – magazine”

Ola plans $920 million India investment in electric cars, batteries

Ola plans $920 million India investment in electric cars, batteries

CHENNAI, Feb 18 (Reuters) – SoftBank Group-backed (9984.T) Ola Electric would invest $920 million in the southern Indian state of Tamil Nadu to manufacture electric cars and batteries for electric vehicles (EVs), a state government statement said on Saturday.

Ola will invest 76.14 billion rupees ($920 million) through its subsidiaries Ola Electric Technologies and Ola Cell Technologies, drawn to the growing demand for EVs in India.

Continue reading “Ola plans $920 million India investment in electric cars, batteries”

Vietnam’s EV maker VinFast recalls nearly 2,800 units domestically

Vietnam’s EV maker VinFast recalls nearly 2,800 units domestically

HANOI, Feb 18 (Reuters) – Vietnam’s electric vehicle (EV) maker VinFast is recalling 2,781 of its sports utility model VF8 sold in the domestic market to check and replace the bolt connecting the front brake caliper to the knuckle, the company said on Saturday.

VinFast, which began operations in 2019, is gearing up to expand in the United States where it hopes to compete with legacy automakers. It started to ship its first 999 VF8s in November last year and is planning to deliver them this month.

Continue reading “Vietnam’s EV maker VinFast recalls nearly 2,800 units domestically”

France’s Macron signals electric car subsidy concern on agenda with Harris

France’s Macron signals electric car subsidy concern on agenda with Harris

MUNICH, Feb 17 (Reuters) – French President Emmanuel Macron signaled on Friday that he would discuss concerns about U.S. electrical vehicle subsidies with Vice President Kamala Harris as they met during the Munich Security Conference.

“We are working hard,” on the issue, Macron said before their meeting.

While EU countries welcome the U.S. commitment to energy transition, they fear the U.S. Inflation Reduction Act’s (IRA’s) $369 billion of subsidies for electric vehicles (EVs) and other clean technologies could put companies based in Europe at a disadvantage.

Continue reading “France’s Macron signals electric car subsidy concern on agenda with Harris”

Customers in a fix due to ban on registration of non-electric 2-wheelers for FY23 in Chandigarh

Customers in a fix due to ban on registration of non-electric 2-wheelers for FY23 in Chandigarh

PTI – According to industry sources, people who have bought two-wheelers are now unable to get their High- Security Number Plates (HSRP) and physical RC copies, and use their new vehicles as dealers are not able to complete the registration process on the Vahan portal.

Hundreds of customers are in a fix due to the Chandigarh administration’s policy of stopping registration of petrol- powered two-wheelers for the rest of the 2022-23 fiscal, according to sources. As per the notice by the Registration and Licensing Authority (RLA), the registration of ICE (internal combustion engine) two-wheelers in the city has been stopped since February 10 for this fiscal ending March.

Continue reading “Customers in a fix due to ban on registration of non-electric 2-wheelers for FY23 in Chandigarh”

Embraer’s electric aircraft maker Eve ‘on track’ to start service in 2026

Embraer’s electric aircraft maker Eve ‘on track’ to start service in 2026

SAO PAULO, Feb 17 (Reuters) – Electric aircraft maker Eve Holding Inc (EVEX.N) is “on track” to meet its goal of starting commercial operations in 2026, an executive said on Friday, and getting its aircraft certificated is the most immediate target.

Eve’s vice president of services & fleet operations, Luiz Mauad, told Reuters in an interview he expects authorities in 2023 to make progress on establishing rules for the sector, which would pave the way for certification “in a few years”.

Continue reading “Embraer’s electric aircraft maker Eve ‘on track’ to start service in 2026”

Analysis: Tesla’s search for Mexico location shows bumps on nearshoring road

Analysis: Tesla’s search for Mexico location shows bumps on nearshoring road

MEXICO CITY, Feb 17 (Reuters) – Tesla Inc’s (TSLA.O) quest to build its first factory in Mexico reveals some of the shaky underpinnings of the country’s rise as a nearshoring darling, with proximity to U.S. buyers weighed down by concerns over power supply and political interference.

Mexican President Andres Manuel Lopez Obrador said Nuevo Leon at the U.S. border and Hidalgo in central Mexico are the two states leading the race for the coveted investment, and his foreign minister said on Friday that the electric vehicle maker led by billionaire Elon Musk was close to announcing expansion plans in Mexico.

Continue reading “Analysis: Tesla’s search for Mexico location shows bumps on nearshoring road”

AI to be used for management of traffic signals in Bengaluru

AI to be used for management of traffic signals in Bengaluru

PTI – Bengaluru, Development of junctions with high traffic, use of Artificial Intelligence for the management of traffic signals, construction of elevated roads are among the measures proposed in the Karnataka budget.

Bengaluru, Development of junctions with high traffic, use of Artificial Intelligence for the management of traffic signals, construction of elevated roads are among the measures proposed in the Karnataka budget presented by Chief Minister Basavaraj Bommai on Friday to address the traffic woes of Bengaluru city. He also announced that Rs 300 crore will be provided for the re-construction of roads which need repair in the 110 villages included in the Bruhat Bengaluru Mahanagara Palike (BBMP) limit.

Continue reading “AI to be used for management of traffic signals in Bengaluru”

Russians switch to used cars as sanctions pummel auto sector

Russians switch to used cars as sanctions pummel auto sector

  • Spending on new cars in Russia plunged 52% in 2022 -Autostat
  • Used cars accounted for almost 75% of all sold in 2022
  • New car sales down on lower production, higher prices
  • This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine

MOSCOW, Feb 17 (Reuters) – Spending on new cars in Russia more than halved last year as the auto industry felt the full force of Western sanctions over the conflict in Ukraine, with production plunging, prices soaring and buyers switching to cheaper used models.

Continue reading “Russians switch to used cars as sanctions pummel auto sector”

Mercedes-Benz eyes more direct sales amid earnings pressure

Mercedes-Benz eyes more direct sales amid earnings pressure

  • Mercedes-Benz forecasts lower earnings in 2023
  • Demand sluggish in Europe, slow recovery in China
  • Patience needed for Chinese EV market to grow – CEO
  • 2022 earnings saw 28% boost mostly from net price increases

STUTTGART, Feb 17 (Reuters) – Mercedes-Benz Group (MBGn.DE) on Friday warned of lower earnings this year amid economic uncertainty, and said it would look to sell more vehicles directly in major markets such as Britain and Germany as it continues to target high margins on flat volume.

Continue reading “Mercedes-Benz eyes more direct sales amid earnings pressure”

AutoNation overtakes profit estimates as new-vehicle demand improves

AutoNation overtakes profit estimates as new-vehicle demand improves

Feb 17 (Reuters) – Top U.S. auto retailer AutoNation Inc (AN.N) reported a better-than-expected quarterly profit on Friday, sending its shares up 9%, as demand for new vehicles, spare parts and services offset a poor performance in the used-vehicle segment.

The automotive industry is starting to show signs of a gradual recovery from a global supply-chain crisis that had curtailed production, enabling dealers such as AutoNation to boost their new-vehicle deliveries to customers.

Continue reading “AutoNation overtakes profit estimates as new-vehicle demand improves”

Tesla recalls 362,000 U.S. vehicles over Full Self-Driving software

Tesla recalls 362,000 U.S. vehicles over Full Self-Driving software

WASHINGTON, Feb 16 (Reuters) – Tesla Inc (TSLA.O) will recall more than 362,000 U.S. vehicles to update its Full Self-Driving (FSD) Beta software after U.S. regulators said on Thursday the driver assistance system did not adequately adhere to traffic safety laws and could cause crashes.

The National Highway Traffic Safety Administration (NHTSA) said the Tesla software allows a vehicle to “exceed speed limits or travel through intersections in an unlawful or unpredictable manner increases the risk of a crash.”

Continue reading “Tesla recalls 362,000 U.S. vehicles over Full Self-Driving software”

U.S. auto safety agency in talks with Ford on F-150 EV production halt

U.S. auto safety agency in talks with Ford on F-150 EV production halt

WASHINGTON, Feb 16 (Reuters) – The National Highway Traffic Safety Administration (NHTSA) said it is holding discussions with Ford Motor (F.N) after the automaker halted F-150 Lightning production and deliveries following a battery fire.

The U.S. automaker said the suspension of production of its F-150 electric truck will last until at least the end of next week. Ford said one EV truck caught fire on Feb. 4 during a pre-delivery quality inspection in a company holding lot in Dearborn, Michigan, and spread to a nearby truck. The automaker halted production the next day at its assembly plant.

Continue reading “U.S. auto safety agency in talks with Ford on F-150 EV production halt”

Mercedes-Benz to buy back up to 4 bln euros in shares by 2025

Mercedes-Benz to buy back up to 4 bln euros in shares by 2025

BERLIN, Feb 16 (Reuters) – Mercedes Benz (MBGn.DE) said on Thursday it plans to buy back up to 4 billion euros ($4.28 billion) of its shares over two years from March 2023, in a move welcomed by analysts ahead of the carmaker reporting full-year earnings on Friday.

Shareholders Beijing Automotive Group and Geely had agreed to divest their shares on a pro-rata basis concurrently with the share buyback to keep their stakes in the company below 10%, the statement added.

Continue reading “Mercedes-Benz to buy back up to 4 bln euros in shares by 2025”

India’s fuel demand sees sharpest rebound in February

India’s fuel demand sees sharpest rebound in February

PTI – Month-on-month, the demand was up 13.6 percent, reversing the dip in the previous month. Sales had fallen 5.1 percent month-on-month in January as cold conditions cut vehicular movement. Diesel, the most used fuel in the country, posted a near 25 percent rise in sales during February 1-15 to 3.33 million tonnes, as compared to the same period last year. Consumption was up 16.7 percent over the first half of February 2021 and 7 percent higher than 2020.

India’s fuel demand witnessed the sharpest rebound in February as petrol and diesel consumption rose by double digits after a winter lull in the previous month, preliminary industry data showed on Thursday. Petrol sales jumped almost 18 percent to 1.22 million tonnes in the first half of February, as compared to 1.04 million tonnes of consumption in the same period of last year.

Continue reading “India’s fuel demand sees sharpest rebound in February”

Ather Energy aims to install 2,500 charging stations by this year- end

Ather Energy aims to install 2,500 charging stations by this year- end

PTI – The Ather Grid (charging station) is today the biggest fast-charging network for two-wheeler EVs in the country with 60 per cent of current installations in Tier- II and Tier-III cities, the Bengaluru-based company said in a statement.

Electric two-wheeler maker Ather Energy on Thursday said it plans to install over 2,500 charging stations by this year-end to facilitate a hassle-free transition to EVs. The company has already installed over 1,000 fast charging stations across 80 cities in the country.

Continue reading “Ather Energy aims to install 2,500 charging stations by this year- end”

Sona-Comstar, IIT Delhi Innovation Program for Smart, Safe and Clean Mobility

Sona-Comstar, IIT Delhi Innovation Program for Smart, Safe and Clean Mobility

PTI – The Foundation for Innovation and Technology Transfer (FITT), an industry interface of IIT Delhi, oversees technology business incubators and enables innovations and technology commercialization. Sona Comstar, a global automotive systems and components manufacturer of Indian descent, has joined forces to launch the innovation program.

India FITT-IIT Delhi, with the support of Sona-Comstar, presents the 3rd call for the “Innovation Program for Smart, Safe and Clean Mobility,” a challenge for technopreneurs, startups, and innovators to solve roadblocks to sustainable mobility.

Continue reading “Sona-Comstar, IIT Delhi Innovation Program for Smart, Safe and Clean Mobility”

Uno Minda to invest Rs 175 crore to expand its Rajasthan facility

Uno Minda to invest Rs 175 crore to expand its Rajasthan facility

PTI – TG Minda business is planning to enhance the production capacity at its main plant at Neemrana to meet the growing demand for airbags as safety regulations become stricter in India, CFO Sunil Bohra said, adding, driver and passenger side airbags for frontal collisions are also increasingly equipped on vehicles in India.

Auto components maker Uno Minda Ltd will invest Rs 175 crore to expand its facility at Neemrana in Rajasthan to meet the growing demand for airbags ahead of mandatory norm of six airbags for passenger cars and SUVs coming up in October this year, according to its group CFO Sunil Bohra. The company, which has a joint venture with TG Japan – TG Minda, that is into automotive safety system, fuel cap, weather strip and sealing parts, already has confirmed orders of around Rs 350 crore for airbags, Bohra told analysts.

Continue reading “Uno Minda to invest Rs 175 crore to expand its Rajasthan facility”

In EU car data tussle, insurers and others brace for delays, disappointment

In EU car data tussle, insurers and others brace for delays, disappointment

By Nick Carey

LONDON, Feb 16 (Reuters) – A broad coalition of insurers, leasing companies, car repair shops and others are calling on the European Commission to propose rules for fair access to valuable vehicle data soon, fearing further delays could see the initiative shelved after European Parliament elections in 2024.

Companies in Europe and beyond are vying for control of the crown jewels of the connected car era, namely car manufacturers’ data covering everything from driving habits, to fuel consumption and tyre wear which can be used to target cash-generating services.

Continue reading “In EU car data tussle, insurers and others brace for delays, disappointment”

Renault offers dividend on ‘thoroughly cleaned fundamentals’ despite 2022 loss on Russia exit

Renault offers dividend on ‘thoroughly cleaned fundamentals’ despite 2022 loss on Russia exit

By Gilles Guillaume

BOULOGNE-BILLANCOURT, France, Feb 16 (Reuters) – French carmaker Renault (RENA.PA) offered a dividend for the first time in four years and saw a strong increase in its operating margin despite swinging back to losses in 2022 as it took a hit from its pullout from Russia.

Renault, which is revamping its 24-year old alliance with Nissan (7201.T), said on Thursday that it was targeting a group operating margin of 6% or more in 2023, after it reached 5.6% in 2022, twice as high as in 2021 and slightly above expectations.

Continue reading “Renault offers dividend on ‘thoroughly cleaned fundamentals’ despite 2022 loss on Russia exit”

Truckers and subsidies rev up interest in fuel cell vehicles By Nick Carey and Christina Amann

Truckers and subsidies rev up interest in fuel cell vehicles By Nick Carey and Christina Amann

LONDON/BERLIN, Feb 16 (Reuters) – Interest in using hydrogen fuel cells to power trucks and vans is getting a boost from fleet operators looking for a more practical alternative to electric vehicles and rising government aid, particularly the U.S. Inflation Reduction Act (IRA).

While most of the world’s combustion engine cars and short-distance vans and lorries should be replaced by battery electric vehicles (BEVs) over the next two decades, fuel-cell proponents and some long-haul fleet operators say batteries are too heavy, take too long to charge and could overload power grids.

Continue reading “Truckers and subsidies rev up interest in fuel cell vehicles By Nick Carey and Christina Amann”

Stellantis recalls 340,000 Ram trucks, recommends parking outside

Stellantis recalls 340,000 Ram trucks, recommends parking outside

WASHINGTON, Feb 15 (Reuters) – Chrysler-parent Stellantis (STLAM.MI) is recalling 340,000 diesel Ram pickup trucks to replace an electrical connector after reports of six fires, and recommends parking the vehicles outside until repairs are made.

The company’s U.S. unit FCA US discovered that a part on some trucks may overheat and in rare instances may pose a fire risk. The automaker said it is unaware of any related injuries or accidents.

Continue reading “Stellantis recalls 340,000 Ram trucks, recommends parking outside”

New Biden EV charger rules stress Made In America, force Tesla changes, article with gallery

New Biden EV charger rules stress Made In America, force Tesla changes, article with gallery

By Jarrett Renshaw and Hyunjoo Jin

Feb 15 (Reuters) – The Biden administration on Wednesday issued long-awaited final rules on its national electric vehicle charger network that require the chargers to be built in the United States immediately, and with 55% of their cost coming from U.S.-made components by 2024.

The White House hopes the new rules, issued after nearly eight months of debate, will jump-start the biggest transformation of the U.S. driving landscape in generations. It seeks to give consumers unfettered access to a growing coast-to-coast network of EV charging stations, including Tesla Inc’s (TSLA.O) Superchargers.

Continue reading “New Biden EV charger rules stress Made In America, force Tesla changes, article with gallery”

Tesla to open U.S. charging network to rivals in $7.5 bln federal program -White House

Tesla to open U.S. charging network to rivals in $7.5 bln federal program -White House

By Hyunjoo Jin and Jarrett Renshaw

SAN FRANCISCO, Feb 15 (Reuters) – Tesla (TSLA.O) will open part of its U.S. charging network to electric vehicles (EVs) made by rivals as part of a $7.5 billion federal program to electrify the nation’s highways to cut carbon emissions, the Biden administration said on Wednesday.

Such a move could help turn Tesla into the universal filling station of the EV era – and risk eroding a competitive edge for vehicles made by the company, which has exclusive access to the biggest network of high-speed ‘superchargers’ in the United States.

Continue reading “Tesla to open U.S. charging network to rivals in $7.5 bln federal program -White House”

Global demand for lithium batteries to leap five-fold by 2030- Li-Bridge

Global demand for lithium batteries to leap five-fold by 2030- Li-Bridge

Feb 15 (Reuters) – Global demand for lithium batteries is expected to surge more than five-fold by 2030, public-private alliance Li-Bridge said on Wednesday, as more people opt for electric vehicles and energy storage systems.

Demand for lithium batteries in the United States is expected to grow more than six times and translate into $55 billion per year by the end of the decade, but still the country is expected to depend on imports for supply, the report added.

Continue reading “Global demand for lithium batteries to leap five-fold by 2030- Li-Bridge”

Musk donated around $1.95 billion in Tesla shares last year

Musk donated around $1.95 billion in Tesla shares last year

Feb 14 (Reuters) – Tesla chief executive Elon Musk donated shares worth $1.95 billion in the world’s most valuable automaker to charity last year, a filing with the U.S. Securities and Exchange Commission (SEC) showed on Tuesday.

Musk donated about 11.6 million shares between August and December last year, according to the filing, which did not say which organization or organizations were the recipients.

Continue reading “Musk donated around $1.95 billion in Tesla shares last year”

U.S. Senator Rubio seeks review of Ford technology deal with China’s CATL

U.S. Senator Rubio seeks review of Ford technology deal with China’s CATL

By David Shepardson

WASHINGTON, Feb 14 (Reuters) – Senator Marco Rubio on Tuesday asked the Biden administration to review Ford Motor’s (F.N) deal to use technology from Chinese battery company CATL (300750.SZ) as part of the automaker’s plan to spend $3.5 billion to build a battery plant in Michigan.

Rubio, the top Republican on the Senate Intelligence Committee, wrote to Treasury Secretary Janet Yellen, Energy Secretary Jennifer Granholm and Transportation Secretary Pete Buttigieg calling for an immediate Committee on Foreign Investment in the United States (CFIUS) review of the licensing agreement between Ford and CATL.

Continue reading “U.S. Senator Rubio seeks review of Ford technology deal with China’s CATL”

Mexico’s top diplomat says met with Tesla brass, ‘good news’ imminent

Mexico’s top diplomat says met with Tesla brass, ‘good news’ imminent

MEXICO CITY, Feb 14 (Reuters) – Mexican Foreign Minister Marcelo Ebrard said on Tuesday he met with senior executives from electric automaker Tesla, teasing that “good news” is on the way, as speculation runs high over expected high-stakes investment decisions.

Ebrard met with Rohan Patel, Tesla’s senior global director of public policy and business development, and Eugenio Grandio, director of business development and policy for Latin America, Mexico’s senior diplomat wrote in a post on Twitter.

Continue reading “Mexico’s top diplomat says met with Tesla brass, ‘good news’ imminent”