India’s global semiconductor ambition is getting a “huge response” from every part of the value chain, IT Minister Ashwini Vaishnaw said on Friday exuding confidence that the country will have at least five fabrication units (fabs) over the next 5-7 years, attracting multi-billion dollars in investments, PTI reported. Semiconductor is a “foundational industry” that feeds… Continue reading Confident that India will have minimum 5 fabs in 5-7 years: IT Minister Ashwini Vaishnaw: PTI
Category: US Motoring Press
Feds want cars to get 58 mpg by 2032
Federal transportation regulators announced a proposal Friday to boost fuel economy standards to an average of 58 miles per gallon for cars and light-duty trucks by 2032, a step likely to further advance the push toward electrification. Authorities said the proposal from the National High Traffic Safety Administration, which is part of the U.S. Department… Continue reading Feds want cars to get 58 mpg by 2032
Ford recalls 870K F-150 pickups in US because parking brake can turn on unexpectedly
Ford is recalling more than 870,000 newer F-150 pickup trucks in the U.S. because the electric parking brakes can turn on unexpectedly. The recall covers certain pickups from the 2021 through 2023 model years with single exhaust systems. Ford’s F-Series pickups are the top-selling vehicles in the U.S. The company says in documents posted by government… Continue reading Ford recalls 870K F-150 pickups in US because parking brake can turn on unexpectedly
The Big Number: 30,000
At the moment, Tesla accounts for more than half the fast chargers in the United States. Last month, Ford Motor and G.M. struck a deal that would allow them to adopt Tesla’s charging technology and, separately, Tesla has pledged to make more of its chargers available to other car brands. The collaboration announced on Wednesday… Continue reading The Big Number: 30,000
Brad Pitt Is Making a Movie About Formula 1
Hollywood has produced a number of car-racing movies over the years. There have been “Grand Prix,” “Le Mans,” “Days of Thunder” and “Ford v Ferrari.” The latest, as-yet-untitled picture from Apple Studios, Plan B Entertainment and Jerry Bruckheimer Films is set in the world of Formula 1. It is about the fictional team APXGP and… Continue reading Brad Pitt Is Making a Movie About Formula 1
Aston Martin Wants to Win and to Sell Cars, Too
Auto racing has helped sell products from Budweiser to Viagra, motor oil to Martini & Rossi, and seemingly every gasoline and cigarette brand. Now, with Formula 1 making huge inroads in the United States — supercharged by the hit Netflix documentary series “Drive to Survive” — we’ll see if it can sell Aston Martins. Lawrence… Continue reading Aston Martin Wants to Win and to Sell Cars, Too
As Ford loses billions on EVs, the company embraces hybrids
Ford Motor Co. displays a new 2021 Ford F-150 pickup truck at the Rouge Complex in Dearborn, Michigan, Sept. 17, 2020. Rebecca Cook | Reuters Heads up, hybrid fans: Ford Motor is working on a whole bunch of new hybrid models. “You’re going to see a lot more hybrid systems from us,” CEO Jim Farley… Continue reading As Ford loses billions on EVs, the company embraces hybrids
The Investing Club’s top 10 things to watch in the stock market Friday
1. We’re watching the bond market Friday after Thursday’s spike in yields triggered a late-day reversal for equities, ending the Dow Jones Industrial Average‘s winning streak. The yield on the U.S. 10-year Treasury was down slightly in early trading, at just under 4%. 2. The Dow on Thursday ended its longest stretch of consecutive gains… Continue reading The Investing Club’s top 10 things to watch in the stock market Friday
As interest rates, inventory issues keep car costs high, what drivers are doing to make ownership possible
Westend61 | Westend61 | Getty Images Access to personal cars remains important to Americans despite the growing monthly cost of ownership. The average monthly auto payment reached $733, a new record, in the second quarter of the year, according to a report by auto site Edmunds. Seventy-eight percent of middle-income households earning between $47,000 and… Continue reading As interest rates, inventory issues keep car costs high, what drivers are doing to make ownership possible
A marathon, not a sprint: Mercedes-Benz CEO outlines challenges in shift to EVs
A Mercedes-Benz EQA photographed in Berlin on Jan. 20, 2021. Sean Gallup | Getty Images News | Getty Images The shift to zero-emission mobility should be viewed as a marathon not a sprint, according to the CEO of Germany’s Mercedes-Benz. Speaking to “Squawk Box Europe,” Ola Kallenius sought to highlight the huge challenge facing the… Continue reading A marathon, not a sprint: Mercedes-Benz CEO outlines challenges in shift to EVs