A California jury ruled on Tuesday that a crash that killed a Tesla owner and seriously injured two passengers was not the fault of the carmaker’s driver-assistance software. It is the first verdict involving a fatal crash in which lawyers representing the victims blamed Tesla’s Autopilot system. The technology allows a car to drive with… Continue reading Tesla Wins Suit That Blamed Its Software for Deadly Crash
Category: US Motoring Press
UAW strikes cost Stellantis about $3.2 billion in revenue
United Auto Workers members rally outside Stellantis’ Ram 1500 plant in Sterling Heights, Michigan, after the union called a strike at the plant on Oct. 23, 2023. Michael Wayland / CNBC DETROIT — Labor strikes by the United Auto Workers union cost Stellantis about $3.2 billion, or 3 billion euros, in lost revenue through October,… Continue reading UAW strikes cost Stellantis about $3.2 billion in revenue
Winners and losers of the UAW talks with GM, Ford and Stellantis
President Joe Biden speaks next to Shawn Fain, president of the United Auto Workers, as he joins striking members of the union on the picket line outside GM’s Willow Run Distribution Center in Bellville, Michigan, Sept. 26, 2023. Evelyn Hockstein | Reuters DETROIT — A tentative deal Monday between the United Auto Workers and General… Continue reading Winners and losers of the UAW talks with GM, Ford and Stellantis
CNBC Daily Open: Market bounce may not last
Traders work on the floor of the New York Stock Exchange (NYSE) on October 30, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to… Continue reading CNBC Daily Open: Market bounce may not last
CNBC Daily Open: Markets’ bounce may be short-lived
Traders work on the floor of the New York Stock Exchange (NYSE) on October 30, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to… Continue reading CNBC Daily Open: Markets’ bounce may be short-lived
Motherson Sumi Wiring India posts Q2FY24 net profit of Rs 156 crore, marking 34% YoY growth
Motherson Sumi Wiring India Limited (MSWIL) reported a net profit of Rs 156 crore during Q2 FY24, translating into 34% growth on a year-on-year basis. The company’s revenues, on the other hand, jumped by 15% year-on-year to Rs 2105 crore during the same period. Commenting on the development, Vivek Chaand Sehgal, Chairman, Motherson Sumi Wiring… Continue reading Motherson Sumi Wiring India posts Q2FY24 net profit of Rs 156 crore, marking 34% YoY growth
Adani Total Gas aims to expand e-mobility charging points to over 3,000
Adani Total Gas Ltd. (ATGL) is looking to increase the number of charging points for e-mobility to over 3000 in the near future from about 221 charging points spread across 64 locations at present. Suresh P Manglani, ED and CEO of Adani Total Gas said “ATGL has also made significant progress on e-mobility and… Continue reading Adani Total Gas aims to expand e-mobility charging points to over 3,000
Toyota unveils special Land Cruiser variant for the United Nations
Toyota has unveiled a specially designed Land Cruiser for the United Nations. The United Nations is one of the biggest users of the Toyota Land Cruiser SUVs globally, and uses multiple versions of the SUV, including the civilian LC200, the LC300 and their specially modified versions. It also uses the traditional LC70 range of SUVs in… Continue reading Toyota unveils special Land Cruiser variant for the United Nations
KPIT aims to broaden focus on off-highway segment as mining industry transforms
KPIT, a leading provider of software-related products for the automotive industry, plans to shift its attention to the off-highway segment, including sectors such as agriculture, mining, and construction equipment. While the company has primarily focused on trucks in the commercial vehicle (CV) segment, it now aims to bring a sharper focus to off-highway applications. KPIT’s major… Continue reading KPIT aims to broaden focus on off-highway segment as mining industry transforms
Tata Motors awarded first auto PLI certificate in four-wheeled goods vehicle category
The Automotive Research Association of India (ARAI), a leading R&D body in the automotive sector, announced on Tuesday that Tata Motors has been awarded with the first auto production-linked incentive (PLI) certificate in the N1 category, which pertains to four-wheeled goods vehicles. It claims that the certification has been given following the meticulously defined standard… Continue reading Tata Motors awarded first auto PLI certificate in four-wheeled goods vehicle category