Mercedes-Benz and Google have announced a long-term strategic partnership to further accelerate auto innovation and create the industry’s next-generation digital luxury car experience. With this partnership, Mercedes-Benz will be the first automaker to build its own branded navigation experience based on new in-car data and navigation capabilities from Google Maps Platform. This will give the… Continue reading Mercedes-Benz and Google partner to create next-gen navigation experience
Category: US Motoring Press
Stellantis paid millions to CEO Tavares last year, but a lot more to former executive
Stellantis CEO Carlos Tavares had total compensation of $24.8 million (23.5 million euros) in 2022, which is 365 times that of the average employee, according to a U.S. Securities and Exchange Commission filing Friday evening. But Stellantis paid more money last year to Mike Manley, the former CEO of Fiat Chrysler Automobiles, as part of… Continue reading Stellantis paid millions to CEO Tavares last year, but a lot more to former executive
Driving a hybrid could save you money vs. an EV — depending on where you live
Depending on where you live, you might spend less on fuel driving a hybrid than an electric vehicle, according to a new study by Consumer Reports magazine. For instance, a driver of a Toyota Corolla hybrid compact sedan living in Massachusetts would spend less on gasoline annually than the owner of a Nissan Leaf SV… Continue reading Driving a hybrid could save you money vs. an EV — depending on where you live
GM’s plan to deploy self-driving Cruise Origin on hold as feds weigh exemption request
General Motors’ mission to get 5,000 self-driving Cruise Origin vehicles in cities nationwide hangs on whether federal regulators will grant the automaker’s request to exempt the vehicle from federal safety standards. GM plans to start building the Origin at Factory Zero in Detroit/Hamtramck this year but needs approval from the National Highway Traffic Safety Administration… Continue reading GM’s plan to deploy self-driving Cruise Origin on hold as feds weigh exemption request
Michigan banks on strong auto industry, more diverse job base to dodge downturn
This content is only available to subscribers. Get unlimited digital access. $1 for 3 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Michigan banks on strong auto industry, more diverse job base to dodge downturn
Stellantis CEO’s total compensation rose to $24.8M in 2022, despite shareholder backlash
This content is only available to subscribers. Get unlimited digital access. $1 for 3 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Stellantis CEO’s total compensation rose to $24.8M in 2022, despite shareholder backlash
Gotion puts battery plant plan on hold in one of two Mich. towns, official says
A Chinese battery plant slated for development in the Big Rapids area appears to be putting plans on hold, at least temporarily, in a township where it was looking to locate its facility, the township supervisor said Friday. A lawyer for Gotion Inc. contacted Big Rapids Township this week to notify the community that it… Continue reading Gotion puts battery plant plan on hold in one of two Mich. towns, official says
‘Ola to go for IPO in 2024, investors to get healthy returns’: Bhavish Aggarwal
Having called off its proposed IPO plan in December 2021, citing uncertainties, Bhavish Aggarwal founder of ANI Technologies has brought back the IPO plan on table yet again. The maker of S1 electric scooter plans to list his company on bourses in 2024, apart from expanding his companies offering beyond scooter to motorcycles and cars,… Continue reading ‘Ola to go for IPO in 2024, investors to get healthy returns’: Bhavish Aggarwal
TI Clean Mobility to raise Rs. 3000 Cr. to fuel its EV platform
TI Clean Mobility to raise Rs. 3000 Cr. to fuel its EV platform In a bid to grow its EV business organically and inorganically, Rs 54000 crore Murugappa Group owned, TI Clean Mobility has raised Rs 3000 crore. TI Clean Mobility Private Limited (“TICMPL”), a wholly owned subsidiary of Tube Investments of India Limited (“TII”),… Continue reading TI Clean Mobility to raise Rs. 3000 Cr. to fuel its EV platform
TI Clean Mobility to raise Rs. 3000 Cr. to fuel its EV platform
TI Clean Mobility to raise Rs. 3000 Cr. to fuel its EV platform In a bid to grow its EV business organically and inorganically, Rs 54000 crore Murugappa Group owned, TI Clean Mobility has raised Rs 3000 crore. TI Clean Mobility Private Limited (“TICMPL”), a wholly owned subsidiary of Tube Investments of India Limited (“TII”),… Continue reading TI Clean Mobility to raise Rs. 3000 Cr. to fuel its EV platform