Category: News Type

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

GM plans to spend $800M to build electric delivery vans in Canada

NEW YORK — General Motors plans to spend $800 million to turn a Canadian SUV plant into one that will make electric delivery vans. Work on the plant, which is in Ingersoll, Ontario, will start immediately and take two years. The plant currently makes Chevrolet Equinox SUVs. The electric delivery vans are part of GM’s new… Continue reading GM plans to spend $800M to build electric delivery vans in Canada

Ford confirms delay of hundreds of 2021 Mustang Mach-E deliveries for quality review

Deliveries of the 2021 Ford Mustang Mach-E will be delayed for hundreds of customers in North America for additional quality review, work that will be completed in the U.S., the company confirmed to the Free Press on Saturday. “As part of our commitment to delivering high-quality vehicles, we are conducting additional quality checks on several hundred Mustang… Continue reading Ford confirms delay of hundreds of 2021 Mustang Mach-E deliveries for quality review

Ford reportedly delays some deliveries of its Mustang Mach-E

Ford will delay deliveries for hundreds of its Mustang Mach-E vehicles to perform quality checks, Electrek reported. The automaker began delivering the Mach-E SUV in December, but some buyers reported that their upcoming delivery dates had been pushed back, by as long as a month in some cases, according to Electrek. The Mustang Mach-E SUV… Continue reading Ford reportedly delays some deliveries of its Mustang Mach-E

@FaradayFuture: FF Releases New In-Car Software Updates

With our pre-production vehicles continuing their on-road testing, the team at FF has been continuously enhancing the In-Vehicle Infotainment experience for the FF 91. I’m delighted to introduce a few product highlights we have built out. A flexible Driver Control framework In OTA (over-the-air) update enabled consumer products, the software has been known to outgrow… Continue reading @FaradayFuture: FF Releases New In-Car Software Updates

FCA-PSA merger complete, 14-brand Stellantis becomes world’s fourth largest carmaker

The planned merger between Fiat Chrysler Automobiles (FCA) and the PSA Group has been officially completed, creating a new industry giant called Stellantis. The new company takes its name from the Latin ‘Stello’, meaning ‘to brighten with stars’. Set to produce about eight million vehicles a year, with promised revenues of over £150 billion billion (Rs 1,358,850 crore), Stellantis… Continue reading FCA-PSA merger complete, 14-brand Stellantis becomes world’s fourth largest carmaker

TDK eyes $5bn push into electric vehicle batteries and clean energy

TOKYO — Japanese electronic parts manufacturers are making big investments to scale up output of components for electrified vehicles, seeking to establish a place in the coalescing supply chains for the rapidly growing field. TDK expects to budget more than 520 billion yen ($5.01 billion) over three years starting in April to boost production of batteries… Continue reading TDK eyes $5bn push into electric vehicle batteries and clean energy

Hyundai rides China hydrogen wave with first overseas fuel cell plant

SEOUL — South Korea’s Hyundai Motor Group will build its first overseas fuel cell factory in China, taking advantage of government backing for autos that run on hydrogen. Work starts next month on the plant in a special development district of Guangzhou. Operations will begin after completion in the second half of 2022, with capacity… Continue reading Hyundai rides China hydrogen wave with first overseas fuel cell plant

FCA and PSA merge to make world’s fourth biggest car firm

The planned merger between Fiat Chrysler Automobiles (FCA) and the PSA Group has been officially completed, creating a new industry giant called Stellantis. The new company takes its name from the Latin ‘Stello’, meaning ‘to brighten with stars’. Set to produce about eight million vehicles a year, with promised revenues of over £150 billion, Stellantis… Continue reading FCA and PSA merge to make world’s fourth biggest car firm