Zoomcar’s new product launch focused on the business-to-business (B2B) segment comes at a time when mobility startups have been struggling to make money since the demand for public commute and vehicle rentals have reduced by at least 50% in the last few months. Due to the fall in demand, vehicle-sharing startups such as Bounce, VOGO,… Continue reading India: Vehicle rental firm Zoomcar launches telematics software for fleet owners
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Fiat Chrysler blasts GM’s attempt to revive racketeering lawsuit, calls it ‘despicable’
CLOSE Fiat Chrysler Automobiles pushed back Monday against General Motors’ attempt to revive its racketeering lawsuit, two days after FCA’s former lead labor negotiator, convicted in the UAW corruption scandal, compared GM’s tactics to those of disgraced Sen. Joe McCarthy’s anti-communist witch hunts. The legal drama pitting the two automakers against one another is now in its… Continue reading Fiat Chrysler blasts GM’s attempt to revive racketeering lawsuit, calls it ‘despicable’
We are strong in SUVs, SCVs and pickups and we will focus there: Pawan Goenka
Even in our core businesses of auto and tractor, we are looking to see how we can make it more core, said Goenka. In my four-five years of looking back, this perhaps is the year when everything has come together positively for the agri economy, says MD & CEO, Mahindra & Mahindra. Mahindra & Mahindra… Continue reading We are strong in SUVs, SCVs and pickups and we will focus there: Pawan Goenka
VW extends China market lead with new low-cost brand Jetta
HAMBURG, Germany — While most carmakers are struggling to get consumers into showrooms and opening their wallets amid worries from the coronavirus pandemic, Germany’s Volkswagen has managed in recent months to extend its lead as China’s top auto seller. Critical to this advance has been Jetta, a new entry-level brand VW launched in China last… Continue reading VW extends China market lead with new low-cost brand Jetta
Nikola to make 2,500 electric garbage trucks for Republic Services
(Reuters) – Republic Services Inc said on Monday it would partner with electric-vehicle maker Nikola Corp to develop 2,500 electric waste and recycling collection trucks. The zero-emission vehicles, which will have a range of 150 miles (241.4 km), are expected to be integrated into Republic Services’ fleet beginning in 2023, the U.S. recycling and non-hazardous… Continue reading Nikola to make 2,500 electric garbage trucks for Republic Services
SK Innovation Commercializes World’s First NCM Electric Vehicle Battery with 90% Nickel Content
SK Innovation has commercialized the world’s first NCM (Nickel, Cobalt, Manganese) battery that has 90% nickel content. The company will supply its “9½½ battery” to Ford in 2023 for its “F-150” electric pickup truck. It is expected that SK Innovation will gradually gain more orders as Ford is looking to manufacture more electric vehicles after… Continue reading SK Innovation Commercializes World’s First NCM Electric Vehicle Battery with 90% Nickel Content
SG’s Carro raises $11m from Mitsubishi, MS&AD Ventures, others
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading SG’s Carro raises $11m from Mitsubishi, MS&AD Ventures, others
Japan fails to win early end to auto tariffs in UK trade deal
TOKYO — Japan and the U.K. will agree to eliminate British tariffs on Japanese autos by 2026, despite a push by Tokyo for an earlier phase out, Nikkei has learned. The two countries are working toward an agreement in principle on a trade deal by the end of this month, ministers said Friday. Cars and agricultural products are two… Continue reading Japan fails to win early end to auto tariffs in UK trade deal
Xpeng Motors Files For IPO On NYSE
Upstart Chinese electric vehicle maker, Xpeng Motors has officially filed for its initial public offering (IPO) on the New York Stock Exchange. The move wasn’t a surprise and had been anticipated for some time now. The announcement makes XPeng the third electric vehicle manufacturer out of China to list its shares in the US. The… Continue reading Xpeng Motors Files For IPO On NYSE
INEOS Wins U.K. Legal Challenge to Totally-Not-a-Defender Grenadier SUV – Car and Driver
INEOS owner Jim Ratcliffe once tried to buy the rights to keep building the original Land Rover Defender. JLR didn’t approve the deal, so INEOS went ahead with an alternate-reality version called the Grenadier. This week, a court dismissed JLR’s appeal of the U.K. Intellectual Property Office’s decision that not everyone knows or cares what… Continue reading INEOS Wins U.K. Legal Challenge to Totally-Not-a-Defender Grenadier SUV – Car and Driver