Autonomous delivery startup Nuro lands investment from Google, Tiger Global in new $600 million round

Nuro has raised $600 million in a fundraising round led by new investor Tiger Global Management, capital that the autonomous delivery startup will use to ramp up commercial operations. The funding has pushed Nuro’s valuation to about $8.6 billion — or some 72% higher than a year ago — according to people familiar with the… Continue reading Autonomous delivery startup Nuro lands investment from Google, Tiger Global in new $600 million round

Toyota announces the bZ4X: the carmaker’s first mass-produced electric vehicle

Electric vehicles Toyota announces the bZ4X: the carmaker’s first mass-produced electric vehicle New vehicle a change for Toyota, which has to date relied heavily on hybrid technology Get our free news app; get our morning email briefing Toyota has announced its bZ4X electric vehicle, expected to arrive in Australia by late 2022. Photograph: Toyota Toyota… Continue reading Toyota announces the bZ4X: the carmaker’s first mass-produced electric vehicle

October 2021 sales: PVs marred by supply constraints, 2Ws in red, CV sales improve

The top two carmakers of the Indian auto industry reported a fall in domestic sales ranging from 30 per cent. New Delhi: Diwali is here and so is hope for a better business for the automotive OEMs. Normally, the festive season sales account for about 40% of the annual vehicle sales. But this year the… Continue reading October 2021 sales: PVs marred by supply constraints, 2Ws in red, CV sales improve

Autos & Transportation · 6:45 PM UTCInternational opposition mounts over proposed U.S. EV tax creditThe European Union, Germany, Canada, Japan, Mexico…

An electric vehicle (EV) fast charging station is seen in the parking lot of a Whole Foods Market in Austin, Texas, U.S., December 14, 2016. REUTERS/Mohammad Khursheed/File Photo/File Photo WASHINGTON, Oct 30 (Reuters) – The European Union, Germany, Canada, Japan, Mexico, France, South Korea, Italy and other countries wrote U.S. lawmakers saying a proposed U.S.… Continue reading Autos & Transportation · 6:45 PM UTCInternational opposition mounts over proposed U.S. EV tax creditThe European Union, Germany, Canada, Japan, Mexico…

Toyota announces $461m Kentucky investment

GEORGETOWN, Ky. (AP) — Toyota Motor is investing $461 million into its first U.S. plant to add new technology, increase production flexibility and reduce its carbon footprint, the company said Friday in a statement. The announcement didn’t include new jobs at the central Kentucky facility, but officials said 1,400 temporary jobs would be converted into… Continue reading Toyota announces $461m Kentucky investment

Toyota in hot pursuit of Tesla, unveiling EV with 500 km range

NAGOYA, Japan — Toyota Motor shook up the auto industry over two decades ago when it offered the world’s first mass-produced hybrid, but the Japanese company has been late to embrace full electrics. It hopes to make up lost ground by debuting its first full-electric vehicle, touting a range approaching that offered by Tesla. The sport… Continue reading Toyota in hot pursuit of Tesla, unveiling EV with 500 km range