Category: Uncategorized

Geely’s EV maker Polestar recalls all Polestar 2 sedans again

By Reuters Staff 1 Min Read FILE PHOTO: A worker wearing a face mask following the coronavirus disease (COVID-19) outbreak cleans the floor near a Polestar 2 electric sedan displayed at a shopping mall in Shanghai, China May 5, 2020. REUTERS/Yilei Sun STOCKHOLM (Reuters) – Electric vehicle maker Polestar, owned by Volvo Cars and its… Continue reading Geely’s EV maker Polestar recalls all Polestar 2 sedans again

Toyota recalling 5.84 million vehicles for fuel pump issue

By David Shepardson 1 Min Read FILE PHOTO: The Toyota emblem is seen on the tyre rim of a vehicle during the media day of the 41st Bangkok International Motor Show after the Thai government eased measures to prevent the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand July 14, 2020. REUTERS/Jorge Silva (Reuters)… Continue reading Toyota recalling 5.84 million vehicles for fuel pump issue

Aston Martin gains capital injection and strengthens Mercedes link

By Reuters Staff 2 Min Read (Reuters) – Aston Martin’s AML.L 125 million pound ($163 million) capital increase has been fully subscribed, the loss-making carmaker said on Wednesday as it seeks to turn round the business with additional support from Daimler DAIGn.DE. Slideshow ( 2 images ) Shares in the company jumped as much as… Continue reading Aston Martin gains capital injection and strengthens Mercedes link

Aston Martin capital raise subscribed as Mercedes deal revs up shares

By Reuters Staff 2 Min Read FILE PHOTO: An Aston Martin logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy/File Photo (Reuters) – Aston Martin said on Wednesday all the shares available in its 125-million-pound ($162.91 million) capital raise have been placed or subscribed, as the… Continue reading Aston Martin capital raise subscribed as Mercedes deal revs up shares

China’s NEV sales to account for 50% of new car sales by 2035: industry body

By Reuters Staff 2 Min Read FILE PHOTO: Zang Yi charges her Tesla car at a charging point in Beijing, China, April 13, 2018. REUTERS/Thomas Peter SHANGHAI (Reuters) – Sales of new energy vehicles (NEV) in China, the world’s biggest auto market, will jump to 50% of overall new car sales by 2035 from just… Continue reading China’s NEV sales to account for 50% of new car sales by 2035: industry body

Geely’s new EV plant will build premium Polestar cars: sources

By Yilei Sun, Brenda Goh 2 Min Read BEIJING/SHANGHAI (Reuters) – An electric vehicle (EV) factory planned by Chinese automaking group Geely will produce cars under the premium Polestar marque, two people with direct knowledge of the matter told Reuters on Monday. FILE PHOTO: A man looks at a Polestar Precept car at the Beijing… Continue reading Geely’s new EV plant will build premium Polestar cars: sources

Britain signs first major post-Brexit trade deal with Japan

By Reuters Staff 2 Min Read TOKYO (Reuters) – Britain and Japan formally signed a trade agreement on Friday, marking the UK’s first big post-Brexit deal on trade, as it continues to struggle to agree on a deal with its closest trading partners in the European Union. Slideshow ( 5 images ) “How fitting it… Continue reading Britain signs first major post-Brexit trade deal with Japan

Tesla’s release of new ‘self-driving’ software closely watched by U.S. regulator

By Reuters Staff 1 Min Read FILE PHOTO: A Tesla service center is shown in Costa Mesa, California, U.S., October 20, 2020. REUTERS/Mike Blake (Reuters) – The U.S. auto safety regulator on Thursday said it was closely watching Tesla Inc’s TSLA.O release of a software version intended to allow its cars to drive themselves, saying… Continue reading Tesla’s release of new ‘self-driving’ software closely watched by U.S. regulator

Cruise, GM to seek U.S. okay for self-driving vehicle without pedal, steering wheel

By Reuters Staff 2 Min Read Slideshow ( 2 images ) (Reuters) – Self-driving car maker Cruise said on Wednesday it and majority shareholder General Motors Co would seek U.S. regulatory approval in coming months to deploy a limited number of Cruise Origin vehicles without steering wheels or pedals. At the same time, it will… Continue reading Cruise, GM to seek U.S. okay for self-driving vehicle without pedal, steering wheel