Author: World_Newz Mon

World NM: Electric car firm Canoo drops plans to manufacture vehicles in Born001676

The Canoo minibus won’t be built in Born. Photo: Canoo handout American electric car maker Canoo has pulled out of plans to build vehicles at the VDL Nedcar plant in Born, Limburg. Canoo chief executive Tony Aquila said in a statement on Wednesday that the company would rather invest in ‘creating American jobs and innovation’.… Continue reading World NM: Electric car firm Canoo drops plans to manufacture vehicles in Born001676

World NM: Hyundai Ends Year as World’s Most Celebrated Automaker001676

Hyundai won six of the 10 most prestigious automotive awards in North America and Europe this year, more than any other automaker in the world, the company said on Wednesday. It was the first time that Germany — an auto manufacturing powerhouse — selected a Korean brand as its best car. British automobile magazine Top Gear… Continue reading World NM: Hyundai Ends Year as World’s Most Celebrated Automaker001676

World NM: SiEngine reveals first smart cockpit chip001675

The launch of the new system-on-a-chip (SoC) named DragonHawk 1, which will be made by Taiwan chipmaker TSMC using its 7-nanometer manufacturing technology, comes as a global semiconductor crunch wreaks havoc on the automotive sector with many carmakers cutting their outlook for deliveries. Wang laid out a product development roadmap, under which SiEngine will launch… Continue reading World NM: SiEngine reveals first smart cockpit chip001675

World NM: GM Invests $51 Million to Support Drive Unit Castings for the Chevrolet Silverado EV001671

Let’s be frank here for a moment. The Hummer and Lyriq aren’t within the reach of many, which is why GM intends to launch the Silverado EV for the 2023 model year. To be manufactured in Michigan at Factory Zero, the half-ton workhorse will share the BEV3 platform with the Hummer. (continue reading…) Go to… Continue reading World NM: GM Invests $51 Million to Support Drive Unit Castings for the Chevrolet Silverado EV001671

World NM: VW CEO Herbert Diess Shows Good Mood After Manager Meeting, Company Is Doing Well001661

Last week, Volkswagen’s top management had a meeting behind closed doors, and one of the topics that were discussed was keeping Herbert Diess as CEO despite clashes with union representatives. The company’s executives also talked about their five-year investment plan, along with the future of the Wolfsburg plan… (continue reading…) Go to Source

World NM: Indian CARS24 raises $20m from the Commercial Bank of Dubai001661

India-based automotive e-commerce platform CARS24 raised 75 million dirham ($20 million) in local debt funding from the Commercial Bank of Dubai. The debt funding fuels the company’s operational expansion in the UAE and provides it with significant funding flexibility, Wamda reported. The funding came following CARS24 ‘s $450 million funding round last September, and its announcement… Continue reading World NM: Indian CARS24 raises $20m from the Commercial Bank of Dubai001661

World NM: Memo From Elon Musk Asks Tesla Employees to Stop Rushing Deliveries001659

While vehicle deliveries were delayed for most brands throughout 2021 due to the chip shortage and other issues, a recent memo from Elon Musk stands out as being unusual. Tesla’s CEO urged company employees to stop rushing orders to obtain record deliveries and focus on reducing costs instead. Last year, Tesla Motors delivered almost 500,000… Continue reading World NM: Memo From Elon Musk Asks Tesla Employees to Stop Rushing Deliveries001659

World NM: Ford, GlobalFoundries partners to offset chip supplies shortage001654

RIYADH: US Ford Motor Co. will explore buying chips directly from GlobalFoundries, as a response to a global semiconductor shortage that’s crimped profits and production, Bloomberg reported. This agreement marks one of the first direct tie-ups between a major automaker and a chip producer to result from the semiconductor shortfall. The chip shortage has dented profits… Continue reading World NM: Ford, GlobalFoundries partners to offset chip supplies shortage001654

World NM: Car show to bring more than 600 exotic and rare automobiles to Riyadh001652

What is considered to be the biggest car show in the region opened its doors to the public on Thursday displaying more than 600 exotic and rare automobiles in one venue for all eyes to see. Car enthusiasts will be able to see classic and modern sports cars from prestigious manufacturers such as Ferrari, Lamborghini,… Continue reading World NM: Car show to bring more than 600 exotic and rare automobiles to Riyadh001652