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In an about-face from its anti-EV stance, Toyota has now pledged to have 100 percent zero-emissions sales in Europe by 2035 something which is revealed in a recent media event in Brussels, Belgium. This goal is a follow-up to a commitment of at least 50…
REE Automotive revealed its autonomous concept vehicle based on a brand new ultra-modular EV platform design. The full-scale concept is geared for customers including last-mile autonomous and electric delivery companies, delivery fleet operators, e-retailers,…
Earlier in the day, reports had emerged that Audi had closed a deal to acquire the entire McLaren group. Audi had been exploring an acquisition of the McLaren Formula 1 team to facilitate its entry into the pinnacle of motorsport in 2026 when the new engine…
Porsche AG, part of the Volkswagen Group, profits from being part of Volkswagen, its CEO Oliver Blume said on Wednesday, following speculation that an IPO of the luxury unit could be on the cards. “We feel very comfortable in the Volkswagen Group, we can…
The resumption of auto part factories in Vietnam is set to contribute to the recovery of Japanese automakers struggling with a supply shortage due to Covid-19. The three Vietnam factories of Japan’s Furukawa Electric, which make wire harnesses for cars, are…
Tesla Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday, just days after he polled Twitter users about selling 10% of his stake. In his first share sale since 2016, Musk’s trust sold nearly 3.6 million…
Chinese self-driving startup Momenta has raised $500 million in a Series C funding. This round of funding comes after GM invested $300 million in the startup. This means now Momenta is valued at over $ billion. Momenta’s product portfolio includes advanced…
Italian automaker Maserati and Fragment founder Hiroshi Fujiwara, one of the most influential designers in streetwear fashion collaborated for the first time earlier this year for the global launch in Tokyo of Maserati meets Fragment. The collaborators have…
The Black Badge has been a highly successful alter ego of Rolls-Royce and it now represents more than 27 percent of commissions worldwide. Rolls-Royce debuted Black Badge with Wraith and Ghost in 2016, followed by Dawn in 2017 then Cullinan in 2019. And now…
The long wait for the Porsche Taycan in India is over and the company is all set to launch the all-electric sports car in the country in November. The company will launch the car on November 12, along with the new Macan. We have been awaiting the arrival of…
Tesla has delivered the goods in its Q3 2021 earning report with it reporting revenues of $13.76 billion which is slightly below the lofty expectations of the analysts at Wall Street which expected revenues of $14 billion. “The third quarter of 2021 was a…
Czech car makers will produce a quarter a million fewer cars than expected this year due to the global shortage of chips and the automotive sector will lose 200 billion crowns ($9.14 billion) in sales, the Auto Industry Association (AutoSAP) said on Sunday.…
U.S. commercial electric vehicle maker Electric Last Mile Solutions Inc (ELMS) on Thursday said it has signed a battery supply deal with China’s Contemporary Amperex Technology Co Ltd (CATL). The financial terms of the deal, which runs through 2025, were not…
Hyundai Motor’s global chief operating officer said on Wednesday the South Korean automaker wants to develop its own chips to reduce reliance on chipmakers. A global shortage of semiconductors, triggered partly by surging demand for laptops and other…
Due to industry-wide issues relating to the COVID-19 pandemic, the foundation Comité permanent du Salon international de l’automobile, as organiser of the Geneva International Motor Show (GIMS), has announced that the 2022 edition of the show will be…
Carmaker Stellantis plans to launch a new model in India and Latin America next year under its Citroen brand, the group said on Thursday, as it aims to push out of its European turf and branch further into emerging markets where it has less exposure. The plan…
