Category: News Type

Wialon announced 12 best telematics solutions at the IoT project of the year 2022

VILNIUS, Lithuania, Oct. 10, 2022 /PRNewswire/ — The world’s only contest for IoT solutions IoT project of the year was held for the third time and named 12 best projects over the last 12 months. The companies that won managed to create the most functional solutions, implement non-standard ideas using telematics and IoT technologies in different… Continue reading Wialon announced 12 best telematics solutions at the IoT project of the year 2022

Is Audi going to build its first US EV assembly plant?

Audi is the latest automaker looking to shift its strategy after the historic Inflation Reduction Act was passed, expanding federal tax credits in the US. In an interview with Automotive News, Audi’s chief technical officer, Oliver Hoffman, said the IRA bill will have a “huge impact” on its North American strategy as the automaker considers… Continue reading Is Audi going to build its first US EV assembly plant?

Tesla gets the best-selling car spot in Germany’s tough auto market

Tesla has managed to secure the best-selling car spot in Germany, a tough auto market known for preferring local brands. Germany is an important auto market in Europe and one that is difficult to penetrate for foreign automakers because of the strong local industry with companies like Volkswagen, BMW, and Mercedes-Benz. Tesla has made some… Continue reading Tesla gets the best-selling car spot in Germany’s tough auto market

Tesla (TSLA) China output increases to record 83,000 vehicles in a month

Tesla’s (TSLA) output in China increased to 83,000 electric vehicles in September – their new best month ever. Last week, Tesla reported deliveries of 343,000 vehicles and production of around 365,000 vehicles. Now China Passenger Car Association (CPCA) has released its results for September and confirmed that Tesla China contributed 83,135 China-made electric vehicles to… Continue reading Tesla (TSLA) China output increases to record 83,000 vehicles in a month

Here’s why UBS’s downgrade of Ford is misguided — and late

Ford Motor (F) shares plummeted Monday after UBS downgraded the Club holding — a call that strikes us as both belated and short-sighted given the stock’s considerable slide since January. With a dividend yield north of 5%, the Club is sitting tight. In a research note to clients, the bank warned that automakers like Ford… Continue reading Here’s why UBS’s downgrade of Ford is misguided — and late

GM and Ford shares fall after UBS downgrades on expectations for weakening demand

The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — Shares of General Motors and Ford Motor each tumbled Monday after a pair of UBS downgrades citing expectations for weakening demand amid inflationary pressures. Ford’s stock was down by more than 8% during intraday… Continue reading GM and Ford shares fall after UBS downgrades on expectations for weakening demand

Rivian shares slumped after the company announced a big recall

Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Shares of Rivian Automotive fell sharply on Monday after the electric vehicle maker said late Friday that it is recalling more than 12,000 vehicles – nearly every EV it has made to date… Continue reading Rivian shares slumped after the company announced a big recall