Los Angeles, to drivers, has never been for the faint of heart. A land where most cannot fathom life without wheels, it offers a daily parade of frustration: congestion, accidents, construction, road rage, tedium. Every transplant has a story about learning to adapt. “You get in the rhythm of matching everyone else’s energy,” said Tamara… Continue reading How Waymo Driverless Cars Could Change Los Angeles
Category: US Motoring Press
U.S. Accuses Two Men of Stealing Tesla Trade Secrets
A Canadian man who lives in China was arrested Tuesday and held in New York after he and a business partner were accused of trying to sell secret battery manufacturing technology belonging to Tesla. Federal prosecutors in Brooklyn asked a judge to hold Klaus Pflugbeil without bail on a charge of theft of trade secrets.… Continue reading U.S. Accuses Two Men of Stealing Tesla Trade Secrets
Foremost Group CEO Angela Chao was intoxicated during fatal car accident in Texas pond, police say
Angela Chao attends the AFI Awards Luncheon at Four Seasons Hotel Los Angeles at Beverly Hills on January 12, 2024 in Los Angeles, California. Frazer Harrison | Getty Images Foremost Group CEO Angela Chao was intoxicated when she accidentally drove her Tesla into a pond at a ranch she owned with her husband, venture capitalist… Continue reading Foremost Group CEO Angela Chao was intoxicated during fatal car accident in Texas pond, police say
TVS Motor Co to issue preferential bonus shares worth Rs 1,900 crore
TVS Motor Co’s board today approved the company’s plan to issue cumulative non-convertible redeemable preference shares (NCRPS) worth around Rs 1,900 crore as a bonus to its shareholders. Non-convertible redeemable preference share means a preference share that is redeemable but is not convertible into or exchangeable with equity shares of the issuer at a later… Continue reading TVS Motor Co to issue preferential bonus shares worth Rs 1,900 crore
JSW Group to produce locally manufactured battery cells in Orissa within 18-24 months
In order to make its new energy vehicles more competitive, JSW Group will be ready with its localised lithium-ion cells from its Orissa factory within 18-24 months. The Group is currently in talks with multiple potential partners and the cement to steel major is keen only on a technology tie-up and not an equity partnership.… Continue reading JSW Group to produce locally manufactured battery cells in Orissa within 18-24 months
Indians now hold majority share in JSW MG Motor India, JV to invest Rs 5000 crore in first phase
Indians hold a majority stake in the newly formed JSW M G Motor India – a joint venture between JSW Group and China’s largest car maker Shanghai Automotive Industry Corporation’s British Brand MG Motor India. The Chairman of the joint entity will be from the JSW Group. Announcing the operationalisation of the joint venture –… Continue reading Indians now hold majority share in JSW MG Motor India, JV to invest Rs 5000 crore in first phase
Transport Minister Gadkari proposes cutting GST on hybrid cars to 12%: Report
Minister of Road Transport and Highways Nitin Gadkari has urged the finance minister to reduce the goods and service tax on hybrid vehicles to 12 percent, as per media reports. Recently there have been reports that the government is considering a lower tax structure on hybrid vehicles – powered by a petrol engine and an… Continue reading Transport Minister Gadkari proposes cutting GST on hybrid cars to 12%: Report
Himadri Specialty Chemicals acquires stake in lithium-ion battery material startup Invati
Himadri Speciality Chemical Limited (Himadri), a Kolkata-based specialty chemicals company, announced Wednesday that it has acquired a 40% stake in Invati Creations Private Limited (Invati) for Rs. 45.16 crore. The deal involves a two-pronged approach. Himadri will infuse Rs 19.99 crore in Invati as growth capital, while the remaining Rs 25.17 crore will be settled through… Continue reading Himadri Specialty Chemicals acquires stake in lithium-ion battery material startup Invati
Ultraviolette forays into Turkey, marking European entry
EV player Ultraviolette Automotive and Kibar Holding, a leading conglomerate in Turkey jointly showcased the F77 performance electric motorcycle at the Motobike Istanbul 2024 exhibition at the K-Rides pavilion from March 20-23, 2024. Kibar Holding has ventured into the two-wheeler vehicle sector with the establishment of its new company, K- Rides, towards the end of… Continue reading Ultraviolette forays into Turkey, marking European entry
TVS Motor Co inducts Vijay Sankar and Shailesh Haribhakti as independent directors
The Chennai-based TVS Motor Company today announced changes to its Board with the appointment of two new independent directors, subject to approval of the shareholders. The two new members, who will join the Board as independent directors, are Vijay Sankar, chairman of the Chennai-based Sanmar Group, and Shailesh Haribhakti, chairman of Shailesh Haribhakti & Associates.… Continue reading TVS Motor Co inducts Vijay Sankar and Shailesh Haribhakti as independent directors