Autos
Stellantis CEO warns of electric vehicle battery shortage, followed by lack of raw materials
Stellantis CEO Carlos Tavares holds a news conference after meeting with unions, in Turin, Italy, March 31, 2022. Massimo Pinca | Reuters Stellantis CEO Carlos Tavares said he expects shortages of the batteries and raw materials needed to make electric vehicles in the coming years, as the global automotive industry pivots to EVs to meet […]
Read More
Jeep maker Stellantis to build $2.5 billion EV battery plant in Indiana
Stellantis logo displayed on a phone screen is seen with some of the company brands logos displayed in the background in this illustration photo taken in Krakow, Poland on December 7, 2021. Jakub Porzycki | NurPhoto | Getty Images Automaker Stellantis plans to invest more than $2.5 billion in partnership with Samsung SDI to build […]
Read More
In a faceoff with Elon Musk, the SEC blinked
Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory in Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images U.S. securities regulators have pulled their punches in dealings with Elon Musk largely because an April 2019 court hearing on a statement he made about Tesla […]
Read More
Uber to expand in Italy through deal with the country’s largest taxi dispatcher
For years, Uber has faced opposition from taxi drivers in Italy. Now, the company is signing a partnership with the country’s largest taxi dispatch service. Alvaro Padilla | Anadolu Agency | Getty Images Uber has signed a partnership with IT Taxi, the largest taxi dispatch service in Italy, in a tie-up aimed at boosting the […]
Read More
Volkswagen chief says German car giant will overtake Tesla on electric vehicle sales by 2025
Diess said he expects Germany’s auto giant to create some momentum over the coming months. Jens Schlueter | Afp | Getty Images The chief executive of Volkswagen believes Europe’s biggest carmaker can overtake Tesla to become the world’s largest seller of electric vehicles by 2025. Speaking to CNBC’s “Squawk Box Europe” at the World Economic […]
Read More
Chinese buyers not living in lockdown shake off electric car price hikes, Xpeng says
Guangzhou-based Xpeng is one of several Chinese electric car companies that’s started to expand overseas. Feature China | Future Publishing | Getty Images BEIJING — In a sign Chinese drivers are still willing to buy electric, start-up Xpeng said that demand for its cars has shaken off the impact of price hikes. From Nio to […]
Read More
Toyota to cut global production plan by 100,000 in June
Toyota cars are displayed on the sales lot at Toyota of Marin on May 11, 2022 in San Rafael, California. The company will cut its global production plan by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage, it said on Tuesday. Justin Sullivan | Getty Images News | Getty Images […]
Read More
Hyundai plans $5 billion investment in U.S. on mobility technology such as autonomous driving and robotics
Drew Angerer | Getty Images News | Getty Images Hyundai Motor said on Sunday it plans to invest $5 billion in the U.S. by 2025 to further develop mobility technologies in areas like autonomous driving, robotics, and A.I. The investment comes alongside the automaker’s recent announcement of a plan to spend $5.54 billion to build its first […]
Read More
More people are dying on U.S. roads, even as cars get safer. Here’s why it’s a tough problem to solve
Cars and trucks are wedged together after a deadly multi-vehicle pileup on the ice covered I-35 in a still image from video in Fort Worth, Texas, February 11, 2021. NBC5 | via Reuters New vehicles on sale in the U.S. today are the safest and most advanced ever made, yet roadway fatalities last year reached […]
Read More
Why the first autonomous vehicles winners won’t be parked in your driveway
An Apollo Robotaxi runs at Shougang Park as Baidu launches China’s first driverless taxi service in the city on May 2, 2021 in Beijing, China. He Luqi | Qianlong.com | Visual China Group | Getty Images For years, Alphabet’s Waymo and others leaders have promised autonomous vehicles are just around the bend. But that future […]
Read More