212 stories in this topic
The family office run by “Big Short” investor Michael Burry has disclosed a short position against Tesla Inc worth more than half a billion. Scion Asset Management said in a regulatory filing on Monday that it had bearish put options on 800,100 shares in…
Renault is gearing up to give it’s brand a new direction. The French carmaker has adopted “Nouvelle Vague” strategy targeting to maximize its number of electrified vehicles by 2030 in a bid to move towards sustainable development. More than 2000 engineers…
A study by the University of California, Davis, which has been published by the Nature Energy Journal has shown some disturbing signs for EVs. While the world makes this tectonic shift away from gasoline-powered vehicles, between 2015-2019, 18 percent of EV…
Volvo Cars achieved its 10th consecutive month of sales growth, as the company’s global sales increased by 97.5 percent in April compared with the same month last year. In April, Volvo Cars sold a total of 62,724 cars, up from 31,760 cars in the same period…
Intel Corp said on Sunday it will invest another $600 million in Israel to expand its research and development (R&D) and confirmed it was spending $10 billion on a new chip plant. The announcement was made during a one-day visit to Israel by Intel Chief…
In a bid to speed up its e-mobility drive, the German carmaker Porsche is reportedly planning to set up a factory to produce battery cells for electric vehicles. This plan was confirmed by the company’s CEO to a local German newspaper. The European carmakers…
Tesla is all set to roll out its first electric car in India this year and the American EV manufacturing company has started establishing its base in our market. It had registered itself in Bengaluru earlier this year and according to it is now setting up its…
Japan’s financially challenged Nissan Motor Co is expected to show off a new “must-succeed” car and explain its green-car strategy for China at the Shanghai auto show which starts on Monday, two company officials told Reuters. The car Nissan plans to show off…
Mercedes-Benz cars sold 590,999 passenger cars globally in the first quarter of 2021 driven by China and US retail sales as well as strong demand for plug-in hybrids and all-electric vehicles. This marks a jump of 22.3 percent in sales globally compared to…
Home-grown commercial vehicle manufacturer, Ashok Leyland’s global electric mobility arm, Switch Mobility has entered into a partnership with German technology conglomerate, Siemens Limited. The two companies have signed a Memorandum of Understanding (MOU)…
Volkswagen plans to build half a dozen battery cell plants in Europe and expand infrastructure for charging electric vehicles globally, accelerating efforts to overtake Tesla and speed up mass adoption of battery-powered cars. The world’s No. 2 carmaker,…
Samsung Electronics recently won a project for Google parent Alphabet’s autonomous driving unit Waymo to develop chips for next-generation self-driving cars, South Korean media reported on Monday. Samsung will develop a chip that computes data collected from…
Nissan Motor announced Guillaume Cartier as its new Chairperson for the Africa, Middle East, India, Europe and Oceania (AMIEO) region. Effective April 1st, Cartier will lead all Nissan operations in the region, which covers more than 140 markets across four…
Carmaker Volkswagen plans to cut up to 5,000 jobs in Germany by offering early or partial retirement to older employees in a move that could cost 500 million euros ($598 million), the Handelsblatt newspaper reported on Sunday. The newspaper quoted a…
Kia has revealed the first official images of the EV6 – its first dedicated battery electric vehicle. Now, we have to tell you here that it’s not the company’s first EV, because if you remember, it already has the e-Niro and the Soul EV in its all-electric…
Ford Vietnam has issued a recall order of 2,470 Ranger and Everest vehicles to update the software in the transmission control module (TCM) and powertrain control module (PCM). The recall program will begin on March 16 this year and last until March 15, 2023.…