US Motoring Press – Page 2412 – I wish I had more to offer

Tesla books record revenue of $24.9 billion with margin declining after price cuts

Chief Executive Officer of SpaceX and Tesla and owner of Twitter, Elon Musk attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre on June 16, 2023 in Paris, France. Chesnot | Getty Images Tesla reported earnings after the bell, showing a record for quarterly revenue but lower… Continue reading Tesla books record revenue of $24.9 billion with margin declining after price cuts

India’s Tata Group to build $5 billion gigafactory in the UK

A Tata Motors concept EV on show at the India Auto Expo 2023 on Jan. 12, 2023. Anindito Mukherjee | Bloomberg | Getty Images The Tata Group will develop a major facility for the production of electric car batteries in the U.K., with the Indian conglomerate set to invest more than £4 billion (around $5.17… Continue reading India’s Tata Group to build $5 billion gigafactory in the UK

Carvana shares jump 40% on deal to reduce debt by $1.2 billion

A Carvana glass tower sits illuminated in Oak Brook, Illinois, Feb. 23, 2022. Armando L. Sanchez | Tribune News Service | Getty Images Carvana has reached a debt restructuring agreement that will reduce the used car retailer’s total debt outstanding by more than $1.2 billion, the company said Wednesday. Carvana said the agreement will eliminate… Continue reading Carvana shares jump 40% on deal to reduce debt by $1.2 billion

UAW’s Shawn Fain meets with President Joe Biden in White House

This content is only available to subscribers. Get unlimited digital access. $1 for the rest of the year. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics… Continue reading UAW’s Shawn Fain meets with President Joe Biden in White House

GM’s CAMI Assembly production affected by parts availability issue

GM’s CAMI Assembly production affected by parts availability issue News Sports Autos Business Michigan Life + Home Entertainment Opinion Obituaries General Motors Co. is keeping its CAMI Assembly plant in Ontario down this week and next week due to a supply chain issue, the company confirmed Wednesday. Production of BrightDrop electric vans will resume July… Continue reading GM’s CAMI Assembly production affected by parts availability issue

Stellantis engineer guilty for role in emissions scandal after long ordeal

This content is only available to subscribers. Get unlimited digital access. $1 for the rest of the year. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics… Continue reading Stellantis engineer guilty for role in emissions scandal after long ordeal

Bharat Benz- Reliance Industries showcase hydrogen-run intercity concept luxury bus at G20 in Goa

Bharat Benz in collaboration with with Reliance Industries on Wednesday announced showcasing a hydrogen fuel cell run luxury intercity concept bus, which it claims to be India’s first. It can run on upto 400 km on a single filling. Nitin Seth, CEO, New Mobility at Reliance Industries revealed in a social media post that the… Continue reading Bharat Benz- Reliance Industries showcase hydrogen-run intercity concept luxury bus at G20 in Goa

Bharat Benz- Reliance Industries showcase hydrogen-run intercity concept luxury bus at G20 in Goa

JBM Auto to launch more electric buses in Western Ghats

With an order book of more than 5,000 electric buses countrywide Gurgaon-based JBM Auto has plans to expand its commercial e-mobility fleet adding to Goa its Electric footprint for intra- and inter-city and tarmac buses, which the bus maker showcased at the ongoing three-day transport fair in Panaji. JBM Group Vice Chairman and Managing Director Nishant Arya said,… Continue reading JBM Auto to launch more electric buses in Western Ghats

Silicon Valley-based Elevatics to invest US$ 50 million in auto-focused AI training in India

Looking at the huge demand-supply gap for trained professionals in Artificial intelligence, Vineet Singh, a former Tesla, Apple, and General Motors tech expert, has collaborated with Gauss Moto and Lizmotors Mobility, to establish a training platform Elevatics AI in India, which will be set up in five to eight major metros by FY 24-25, at… Continue reading Silicon Valley-based Elevatics to invest US$ 50 million in auto-focused AI training in India