By Reuters Staff 2 Min Read FILE PHOTO: Omer Keilaf, CEO of Israeli firm, Innoviz Technologies, speaks during an interview with Reuters at the Smart Mobility Summit in Tel Aviv, Israel October 30, 2018. REUTERS/Nir Elias TEL AVIV (Reuters) – Israeli lidar maker Innoviz Technologies said price reductions for the laser-based sensors will be key… Continue reading Innoviz sees lower lidar costs accelerating autonomous car development
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BlackRock invests $118 million in UK electric vehicle startup Arrival
By Reuters Staff 1 Min Read FILE PHOTO: The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid (Reuters) – British electric vehicle startup Arrival said on Wednesday it has raised $118 million from U.S. funds manager BlackRock Inc BLK.N. Five-year-old Arrival is focused on development… Continue reading BlackRock invests $118 million in UK electric vehicle startup Arrival
Car-sharing startup Getaround raises $140 million as business recovers from pandemic low
By Tina Bellon 2 Min Read FILE PHOTO: Cars drive underneath the Mulholland Bridge on the 405 freeway in Los Angeles, California July 12, 2011. REUTERS/Jason Redmond/File Photo (Reuters) – Car-sharing company Getaround Inc on Wednesday said it has raised $140 million in additional venture capital funding at a time when its business is seeing… Continue reading Car-sharing startup Getaround raises $140 million as business recovers from pandemic low
Ford moves Escape production to next year after Europe recall of Kuga
By Reuters Staff 2 Min Read Slideshow ( 2 images ) (Reuters) – Ford Motor Co F.N said on Tuesday it was moving production of its plug-in Escape sport utility vehicle to next year as it reviews its vehicles with the same engine and battery parts that were recalled in Europe. “We are moving full… Continue reading Ford moves Escape production to next year after Europe recall of Kuga
Indonesia to create firm to build up electric vehicle battery industry
By Reuters Staff 2 Min Read FILE PHOTO: A worker poses with a handful of nickel ore at the nickel mining factory of PT Vale Tbk, near Sorowako, Indonesia, January 8, 2014. REUTERS/Yusuf Ahmad JAKARTA (Reuters) – A group of Indonesian state-owned companies will form a venture to make batteries to power electric vehicles, the… Continue reading Indonesia to create firm to build up electric vehicle battery industry
Audi to launch new electric vehicle venture with China’s FAW
By Reuters Staff 2 Min Read Slideshow ( 2 images ) BEIJING (Reuters) – German premium automaker Audi AG NSUG.DE said on Tuesday it had signed a memorandum of understanding with China’s state-owned FAW Group to launch a venture to make premium electric vehicles (EVs). Audi has a long partnership with FAW, which is based… Continue reading Audi to launch new electric vehicle venture with China’s FAW
Audi meets Mexican officials after plant dispute, says it is open to audit
By Reuters Staff 1 Min Read FILE PHOTO: The company logo is seen at the headquarters of the German car manufacturer Audi, amid the spread of the coronavirus disease (COVID-19) in Ingolstadt, Germany, June 3, 2020. REUTERS/Andreas Gebert MEXICO CITY (Reuters) – German carmaker Audi NSUG.DE said on Monday it was ready for Mexican officials… Continue reading Audi meets Mexican officials after plant dispute, says it is open to audit
Cadillac, Buick help GM to first China sales growth in two years
By Yilei Sun, Brenda Goh 3 Min Read BEIJING (Reuters) – General Motors Co (GM) GM.N on Monday said continued market recovery from the COVID-19 crisis helped its China vehicle sales grow 12% on year in July-September, marking the Detroit automaker’s first Chinese quarterly sales growth in two years. FILE PHOTO: The GM logo is… Continue reading Cadillac, Buick help GM to first China sales growth in two years
Audi chief sees 2020 sales down despite strong third quarter: Automobilwoche
By Reuters Staff 1 Min Read FILE PHOTO: An Audi logo is seen at the Audi Center Brussels car dealer, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman/File Photo FRANKFURT (Reuters) – German carmaker Volkswagen’s Audi unit VOWG_p.DENSUG.DE expects lower sales in 2020 despite strong numbers in the months… Continue reading Audi chief sees 2020 sales down despite strong third quarter: Automobilwoche
Audi says plant in Mexico remains open, debt dispute denied by company
By Reuters Staff 2 Min Read Slideshow ( 4 images ) MEXICO CITY (Reuters) – A Mexican auto plant belonging to German carmaker Audi NSUG.DE remains open and did not close following a dispute over unpaid bills that the firm denies, as was reported by local media, an official with the company told Reuters on… Continue reading Audi says plant in Mexico remains open, debt dispute denied by company