Category: News Site

Remsons Industries acquires UK based Magal Cables

MUMBAI:Remsons Industries, an automotive cable supplier on Friday announced the acquisition of UK based Magal Cables Ltd, a part of Arlington Group Engineering systems. Remsons acquired MCL, through a wholly owned subsidiary Remsons Holding Ltd, (incorporated in UK) for Rs 33 crore which was funded through internal accruals and debt. Magal Cables Ltd (MCL) has… Continue reading Remsons Industries acquires UK based Magal Cables

New Bugatti to be unveiled next week, could be electric

Bugatti is building up to launch a new model and has confirmed the date of its unveiling as 28 October.  The French hypercar brand is being especially cryptic in the lead-up to the covers coming off the new car. The only official image of it is a rear view of some X-shaped LED rear light strips, a… Continue reading New Bugatti to be unveiled next week, could be electric

Tesla is recalling 30,000 Model S and X cars in China over suspension problems

Tesla is recalling around 30,000 Model S and X vehicles in China, the country’s State Administration for Market Regulation said Friday. Tesla issued the recall because of two different suspension defects, but some vehicles may have both, regulators said. The recall impacts the bulk of imported Model S and Model X cars made between September… Continue reading Tesla is recalling 30,000 Model S and X cars in China over suspension problems

MAHLE to take over Keihin’s air-con business in Japan, Thailand and US

MAHLE is taking over the air-conditioning business of the Keihin Corporation (Japan) in Japan, Thailand, and the USA. A corresponding purchase agreement has been signed. With this step, MAHLE is strengthening its global footprint in air-conditioning technology and improving its market access, particularly in Japan and Southeast Asia. Air-conditioning systems are included in MAHLE’s strategic future… Continue reading MAHLE to take over Keihin’s air-con business in Japan, Thailand and US

Tesla is recalling almost all Model S/Model X sent to China over suspension issue

Tesla is issuing a recall on close to 30,000 Model S and Model X vehicles sent to China, the bulk of those models exported to the country, over an issue with its suspension. China’s State Administration for Market Regulation made the announcement earlier today. The government says that it affects 29,193 vehicles produced by Tesla: “Part… Continue reading Tesla is recalling almost all Model S/Model X sent to China over suspension issue

Japan, Britain sign free trade deal for post-Brexit era

TOKYO – Japan and Britain signed a bilateral free trade deal Friday in the first such major post-Brexit deal, reducing tariffs on Yorkshire lamb sold in Japan, as well as auto parts for Japan’s Nissan plant. “How fitting it is to be in the Land of the Rising Sun to welcome in the dawn of… Continue reading Japan, Britain sign free trade deal for post-Brexit era

LM Industries raises $15m from SPARX to develop and deliver the 3D printed Olli 2.0

Digital vehicle manufacturer and parent company of Local Motors, LM Industries, has raised $15 million from an investment fund managed by the Japanese SPARX Group.  Local Motors is the developer of Olli, a 3D printed, electric, self-driving shuttle bus, and the additional funding will be used to develop, manufacture and deploy the vehicle’s second iteration… Continue reading LM Industries raises $15m from SPARX to develop and deliver the 3D printed Olli 2.0

Uber drivers are suing the company over ‘threatening’ messages urging them to vote for California’s Prop. 22 (UBER)

A group of Uber drivers say the company’s messaging in favor of California’s Proposition 22 is breaking the law.  In their lawsuit filed Thursday, they say the “threatening” and “coercive” messages break a 1915 law.  An Uber spokesperson called the lawsuit “absurd” and said it lacked any merit.  Prop. 22 would allow Uber and its… Continue reading Uber drivers are suing the company over ‘threatening’ messages urging them to vote for California’s Prop. 22 (UBER)

Lucid’s CEO says he has ‘more advanced technology than Tesla,’ and wants to use it to lower the price of EVs

Lucid CEO and CTO Peter Rawlinson doesn’t think big batteries are the key to efficiency. He has plans to mass-produce the tech behind the Lucid Air and wants to see it in other cars. He also said that Lucid’s tech is “more advanced” than Tesla’s. Visit Business Insider’s homepage for more stories. Believe what you… Continue reading Lucid’s CEO says he has ‘more advanced technology than Tesla,’ and wants to use it to lower the price of EVs