By Joel Rosenblatt A former Tesla Inc. software engineer was ordered to appear before a judge to face allegations that three days into his job, he started stealing confidential files and transferring them to a personal storage account. During his two-week employment ending Jan. 6, Alex Khatilov stole more than 6,000 scripts, or files of… Continue reading Tesla claims engineer stole secrets just days into the job
Author: Economic Times of India Online News
EV charging network EVgo to go public via $2.6 bln SPAC deal
The deal is the latest SPAC merger in the U.S. electric-vehicle business, which has seen many high-profile firms such as Nikola Corp and Fisker Inc go public through this route. EVgo Services LLC said on Friday it has agreed to go public through a merger with blank-check firm Climate Change Crisis Real Impact I Acquisition… Continue reading EV charging network EVgo to go public via $2.6 bln SPAC deal
Tata Technologies says focusing on electric mobility under turnaround plan
Pune: Engineering and product development digital services firm Tata Technologies on Monday said they were focusing on electric vehicles and a previously in-house learning platform to train students as a part of its post-pandemic turnaround plan in India. “There is a real shift in terms of firms investing in digital solutions. They are building supply… Continue reading Tata Technologies says focusing on electric mobility under turnaround plan
Ola partners Siemens for EV manufacturing facility
As part of the partnership, Ola will have access to Siemens’ integrated ‘Digital Twin’ design and manufacturing solutions to digitalise and validate product and production ahead of actual operations, it added. New Delhi: Ride-hailing major Ola on Wednesday said it has partnered with Siemens to leverage the latter’s technology at its upcoming electric vehicle manufacturing… Continue reading Ola partners Siemens for EV manufacturing facility
EV drive could outweigh corona gloom in German car market: Hyundai
In 2021, Hyundai will upgrade its EV portfolio, launch new EV models, having started supporting customers with wallbox offerings for home charging and cooperating with utility EnBW FRANKFURT: A boom in electric vehicles (EV) in Germany could counterbalance some car industry gloom this year caused by COVID-19 lockdowns that closed showrooms and delayed vaccinations, Hyundai… Continue reading EV drive could outweigh corona gloom in German car market: Hyundai
Investors pump $125 million into EV charging startup Volta
Volta is riding a wave of investor enthusiasm for electric vehicles and related businesses. By Paul Lienert Volta, a San Francisco-based electric vehicle charging startup, said on Tuesday it had raised $125 million from investors. The Series D round brings Volta’s total funding to more than $200 million, the company said. Volta is riding a… Continue reading Investors pump $125 million into EV charging startup Volta
Euler Motors eyes 10-fold increase in revenue as it gears up to expand operations
Euler Motors currently has units in Okhla and Faridabad where battery manufacturing and vehicle assembly takes place. New Delhi: Automotive technology start-up Euler Motors is eyeing a 10-fold increase in its revenue to USD 20 million (around Rs 146 crore) by the end of next fiscal as it looks to start sales of its electric… Continue reading Euler Motors eyes 10-fold increase in revenue as it gears up to expand operations
German court halts criminal proceedings against former VW CEO
BERLIN: A German court in Braunschweig, Germany, said on Friday it had halted criminal proceedings against former Volkswagen CEO Martin Winterkorn for alleged market manipulation as part of the carmaker’s emissions scandal. The court said it had decided to discontinue the proceedings as the expected sentence in another case, in which Winterkorn faces charges for… Continue reading German court halts criminal proceedings against former VW CEO
Ghosn hid scale of Nissan salary, fearing dismissal from Renault, Tokyo court told
Ghosn is also charged with enriching himself through $5 million in payments to a Middle East car dealership. TOKYO – Carlos Ghosn concealed the scale of his compensation at Nissan because he feared the French government would force him out of Renault if it discovered how much he earned, an executive at the Japanese carmaker… Continue reading Ghosn hid scale of Nissan salary, fearing dismissal from Renault, Tokyo court told
Passenger Vehicle sales up by 14.59% in December 2020
New Delhi: December 2020 brought some cheer to the carmakers as the passenger vehicle segment posted a double-digit growth of 13.59% at 2,52,998 units compared to 2,22,728 units in the same month last year, according to the numbers shared by Society of Indian Automobile Manufacturers (SIAM) It is to be noted that there is the… Continue reading Passenger Vehicle sales up by 14.59% in December 2020