Summary Companies Major companies pour money into nascent eVTOL sector AirAsia agrees deal to lease more than 100 VX4s Australian helicopter operators order up to 90 from Eve SINGAPORE, Feb 16 (Reuters) – Vertical Aerospace and Embraer’s Eve have gained more customers for their Jetsons-like visions for urban air mobility at the Singapore Airshow, but… Continue reading Analysis: ‘Flying taxi’ dream faces hurdles before lift-off
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Intel nears $6 bln deal to buy Tower Semiconductor – source, article with image
The Intel Corporation logo is seen on a display in a store in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Feb 14 (Reuters) – Intel Corp is close to buying Israeli firm Tower Semiconductor (TSEM.TA) for about $6 billion, a source familiar with… Continue reading Intel nears $6 bln deal to buy Tower Semiconductor – source, article with image
California, Texas pension funds among new investors in EV startup Rivian, article with image
A Rivian R1T pickup, the Amazon-backed electric vehicle (EV) maker, is driven outside the Nasdaq Market site during the company’s IPO in Times Square in New York City, U.S., November 10, 2021. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, Feb 14 (Reuters) – Seven state government employee pension… Continue reading California, Texas pension funds among new investors in EV startup Rivian, article with image
Ford suspends or cuts output at plants due to chip shortage, article with image
An assembly worker of Ford Motor works on an F-series pickup truck at the Dearborn Truck Plant in Dearborn, Michigan, U.S., January 26, 2022. Picture taken January 26, 2022. REUTERS/Rebecca Cook Register now for FREE unlimited access to Reuters.com Register DETROIT, Feb 14 (Reuters) – Ford Motor Co (F.N) said on Monday it will continue… Continue reading Ford suspends or cuts output at plants due to chip shortage, article with image
Billionaire Soros buys stake in EV startup Rivian, article with gallery
NEW YORK, Feb 11 (Reuters) – Billionaire investor George Soros bought nearly 20 million shares of electric truck startup Rivian Automotive Inc (RIVN.O) in the quarter ended Dec. 31, securities filings showed Friday. The 19,835,761 shares, worth about $2 billion at the time, makes Soros Fund Management among the most prominent investors in a company… Continue reading Billionaire Soros buys stake in EV startup Rivian, article with gallery
Tesla can build cars, but culture may be harder
Tesla CEO Elon Musk gestures as he visits the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Register now for FREE unlimited access to Reuters.com Register NEW YORK, Feb 11 (Reuters Breakingviews) – Tesla (TSLA.O) is a company characterized by rapid growth – of its share price, its revenue, and… Continue reading Tesla can build cars, but culture may be harder
White House tells chip industry to brace for Russian supply disruptions, article with image
A view of a chip on an electronic device at a shop in Brussels, Belgium, February 8, 2022. REUTERS/Yves Herman Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Feb 11 (Reuters) – The White House is warning the chip industry to diversify its supply chain in case Russia retaliates against threatened U.S. export… Continue reading White House tells chip industry to brace for Russian supply disruptions, article with image
Chinese electric car maker Xpeng expands into Sweden and Netherlands, article with image
The logo on an XPeng Inc. P7 performance electric vehicle is seen outside the New York Stock Exchange in New York, U.S., August 27, 2020. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Feb 11 (Reuters) – Chinese electric car maker Xpeng (9868.HK) said on Thursday it was expanding further to… Continue reading Chinese electric car maker Xpeng expands into Sweden and Netherlands, article with image
Tesla recalls over 500,000 U.S. vehicles to fix pedestrian warning sounds
The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Feb 10 (Reuters) – Electric car maker Tesla Inc (TSLA.O) is recalling 578,607 vehicles in the United States because pedestrians may not be able to… Continue reading Tesla recalls over 500,000 U.S. vehicles to fix pedestrian warning sounds
Renault, partners to make new-gen automotive electric motor in France, article with gallery
PARIS, Feb 10 (Reuters) – Carmaker Renault (RENA.PA) and its partners Valeo (VLOF.PA) and Valeo Siemens eAutomotive announced plans on Thursday to develop and make a new-generation automotive electric motor vehicle in France. The companies said they would be the first to mass produce a 200kW electric motor without using rare earths, starting in 2027.… Continue reading Renault, partners to make new-gen automotive electric motor in France, article with gallery