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Ronaldo buys world's most expensive car worth ₹75 crore
short by Anmol Sharma / on 03 Aug 2020,Monday
Five-time Ballon d'Or winner Cristiano Ronaldo has gifted himself the world's most expensive car Bugatti La Voiture Noire after helping Juventus win their 36th Serie A title. Produced only 10 worldwide, the Bugatti La Voiture Noire is worth around £8.5 million (approximately ₹75 crore). Ronaldo has also recently gifted himself a £5.5 million (₹53 crore) customised yacht .
short by Anmol Sharma / 03:30 pm on 03 Aug
Tata Motors' Jaguar names ousted Renault boss Thierry Bolloré as new CEO
short by Krishna Veera Vanamali / on 28 Jul 2020,Tuesday
Tata Motors' British luxury unit Jaguar Land Rover (JLR) on Tuesday appointed former Renault boss Thierry Bolloré as its new Chief Executive Officer, effective September 10. Bolloré succeeds Professor Sir Ralf Speth, who will take up the previously announced position of Non-Executive Vice Chairman. Bolloré was ousted as Renault's CEO last October.
short by Krishna Veera Vanamali / 04:35 pm on 28 Jul
SC bars registration of BS-IV vehicles till further orders
short by Krishna Veera Vanamali / on 31 Jul 2020,Friday
The Supreme Court on Friday barred transport authorities from registering BS-IV vehicles till further orders. The apex court expressed displeasure about the sale of a large number of vehicles in March allegedly flouting its orders and observed that something "fraudulent" may have taken place. It sought details of ads by dealers since March.
short by Krishna Veera Vanamali / 12:30 pm on 31 Jul
Musk eligible for $2.1 bn bonus as Tesla's average market cap hits $150 bn
short by Pragya Swastik / on 22 Jul 2020,Wednesday
Tesla CEO Elon Musk has become eligible for a $2.1 billion payout after the electric carmaking company's six-month average trailing market capitalisation hit $150 billion. Musk can now access the second of 12 levels of options granted to him in a pay package approved by shareholders in 2018. The board must certify the milestone before the vesting option is triggered.
short by Pragya Swastik / 02:31 pm on 22 Jul
No country allows sale of EVs without battery: Mahindra Electric on govt move
short by Krishna Veera Vanamali / on 14 Aug 2020,Friday
After the government allowed sale and registration of electric vehicles without pre-fitted batteries, Mahindra Electric CEO Mahesh Babu said no country has such a policy. "Up to sales, the OEM is responsible for the safety of the vehicle. A vehicle is tested, manufactured and sold as an integrated vehicle and the OEM is responsible for the warranty,” Babu added.
short by Krishna Veera Vanamali / 11:23 am on 14 Aug
Alibaba-backed Chinese electric vehicle startup Xpeng Motors has filed for an initial public offering (IPO) in the US, right behind Chinese carmaker Li Auto which raised $1.1 billion last month. In a filing, the Tesla rival listed the size of the offering as $100 million, but this can be increased later. In its latest funding round, Xpeng raised $900 million.
short by Dharna / 09:49 am on 10 Aug
Audi apologises for 'insensitive' ad showing girl eating banana in front of car
short by Krishna Veera Vanamali / on 05 Aug 2020,Wednesday
German carmaker Audi has apologised for an advertisement showing a little girl eating a banana in front of a car, admitting it was "insensitive", after it received criticism on social media. Some pointed out that the driver would not be able to see the child in that pose while others said the image was "sexually suggestive" and "creepy".
short by Krishna Veera Vanamali / 03:48 pm on 05 Aug
Maruti Suzuki posts 1st quarterly loss in at least 15 years
short by Krishna Veera Vanamali / on 29 Jul 2020,Wednesday
India's largest carmaker Maruti Suzuki on Wednesday posted a quarterly loss for the first time in at least 15 years as its production and sales were hit due to lockdowns and supply chain disruptions. The company reported a net loss of ₹249 crore for the April-June period, compared with a profit of ₹1,436 crore a year ago.
short by Krishna Veera Vanamali / 04:26 pm on 29 Jul
Elon Musk's Tesla has filed a lawsuit against rival EV startup Rivian, accusing it of a "disturbing pattern" of recruiting Tesla employees and encouraging them to steal confidential information as they leave. The "stolen" trade secrets include recruiting practices and documents related to finding talent. Tesla said Rivian hired 178 former employees, of whom 70 joined it directly from Tesla.
short by Dharna / 10:08 am on 24 Jul
Tesla announced a five-for-one stock split in order to make stock ownership more accessible to individual investors. Each shareholder of record on August 21 will receive a dividend of four additional shares of common stock for each one they own after the close of trading on August 28. Trading will begin on a split-adjusted basis on August 31.
short by Aishwarya / 05:51 pm on 12 Aug
Tesla CEO Elon Musk has said that Tesla is "open to licensing software and supplying powertrains and batteries" to other automakers working on electric vehicles. "We're just trying to accelerate sustainable energy, not crush competitors!" Musk said. He added that Tesla would be willing to license Autopilot software as well.
short by Aishwarya / 07:24 pm on 29 Jul
China rocks, people there aren't entitled like in US: Musk
short by Aishwarya / on 01 Aug 2020,Saturday
Tesla CEO Elon Musk said during a podcast that in his opinion "China rocks" and people over there are neither entitled nor complacent. "I see in the US increasingly much more complacency and entitlement, especially in places like the Bay Area and LA and New York," he said. Musk added that Tesla saw "strong orders through the whole pandemic".
short by Aishwarya / 08:16 pm on 01 Aug
Jaguar Land Rover and the University of Cambridge have developed a contactless touchscreen technology to help combat viruses and bacteria. The patented technology, 'predictive touch', uses artificial intelligence and sensors to predict a user's intended target on the touchscreen. Lab tests and on-road trials showed it could "reduce a driver's touchscreen interaction effort and time by up to 50%".
short by Aishwarya / 11:38 pm on 24 Jul
I asked Elon Musk to build factory in Texas: Donald Trump
short by Aishwarya / on 24 Jul 2020,Friday
US President Donald Trump told Fox News that he had asked Tesla CEO Elon Musk to build a factory in Texas. Trump also praised Musk on Twitter and wrote, "Great agreeing to build in TEXAS...He kept his word to me. Texas & Tesla are big winners." "Thank you...We look forward to building Giga Texas!" Musk responded to Trump.
short by Aishwarya / 11:15 pm on 24 Jul
Tesla workforce could increase by 35% this year: Elon Musk
short by Rishabh Bhatnagar / on 01 Aug 2020,Saturday
Tesla CEO Elon Musk, in an interview with Automotive News, said the company's workforce could reach 65,000 by the end of the year, suggesting a 35% increase from the 2019 headcount of 48,000. "We are hiring a lot of people," Musk said. Tesla recently became the world's most valuable carmaker, overtaking Japan's Toyota.
short by Rishabh Bhatnagar / 04:23 pm on 01 Aug
Honda recalls 608,000 vans, SUVs in US over faulty software
short by Aishwarya / on 05 Aug 2020,Wednesday
Honda has recalled approximately 608,000 model-year 2018-2020 Honda Odyssey, 2019-2020 Passport and 2019-2021 Pilot vehicles in the US over faulty software. The vehicles have been recalled to complete one or more of four repairs, including updating software that controls display of the rear-view camera image. The recalls will begin in late September.
short by Aishwarya / 10:22 pm on 05 Aug
Nikola Founder Trevor Milton in an interview said Nikola is open to collaborating with Hyundai on hydrogen technology. Nikola had twice made proposals to Hyundai on the matter but they got rejected, Milton added. A source told Reuters that there were no current cooperation talks. "It would be a complicated relationship," the source said further on the subject.
short by Aishwarya / 10:16 pm on 13 Aug
Tesla's lawsuit against us an attempt to malign reputation: Rivian
short by Aishwarya / on 12 Aug 2020,Wednesday
EV startup Rivian has asked a US court to dismiss Tesla's lawsuit against it, saying it was an attempt to malign Rivian's reputation. In July, Tesla had filed the lawsuit accusing Rivian of recruiting its staff and encouraging them to steal confidential information. Rivian said none of the alleged trade secrets have been located at Rivian or its systems.
short by Aishwarya / 07:46 pm on 12 Aug
Alibaba-backed self-driving vehicle startup AutoX has received the permit to begin driverless testing on public roads in a limited area in San Jose, California. It is the third company to receive a driverless testing permit in California after Waymo and Nuro. AutoX's vehicle will have to operate with a speed limit of no more than 45 miles/hour.
short by Aishwarya / 06:44 pm on 18 Jul
Elon Musk sued by Tesla Twitter critic for defamation
short by Aishwarya / on 08 Aug 2020,Saturday
A Tesla Twitter critic Randeep Hothi has sued Tesla CEO Elon Musk, accusing him of triggering an online hate campaign against him. Hothi said Musk's accusation of him "almost killing" Tesla employees prompted hateful Twitter responses, accusing Hothi of being a murderer and a terrorist. In April 2019, Tesla had filed for a civil restraining order against Hothi.
short by Aishwarya / 05:02 pm on 08 Aug
Former Nissan Chairman Carlos Ghosn on Sunday said the Renault and Nissan market results were "pathetic". He claimed, "There is a market confidence problem in the alliance...There is no longer any real mix of management between Renault and Nissan, but a distrustful distance." Ghosn, arrested in 2018 in Japan on charges of financial misconduct, had fled to Lebanon.
short by Dharna / 12:28 pm on 20 Jul
Ford Motor has announced that its President and CEO Jim Hackett will be retiring and he will be replaced by its COO Jim Farley. It added that Farley will assume his new roles on October 1. Hackett, who has led the company's transformation since 2017, will continue as a special advisor to Ford through March of 2021.
short by Aishwarya / 11:14 pm on 04 Aug
M&M looks for investors for electric vehicle business
short by Rishabh Bhatnagar / on 08 Aug 2020,Saturday
Indian automaker Mahindra & Mahindra is looking for financial or strategic investors for Mahindra Electric, the group's electric vehicle (EV) business. The firm wants to be a key player in mass-market EVs, MD Pawan Goenka said. The company is also aiming for the high-end market through its Europe-based Automobili Pininfarina unit, which is building Battista, an electric sports car.
short by Rishabh Bhatnagar / 09:56 am on 08 Aug
High taxes creating affordability issue for aspiring car owners: Maruti
short by Kiran Khatri / on 05 Aug 2020,Wednesday
Taxes on cars in India, which are higher than in any other vehicle manufacturing country, have "created an affordability issue for many aspiring car owners", Maruti Suzuki India (MSI) Chairman RC Bhargava said. If the contribution of manufacturing sector to India's GDP is to reach 25% by 2025, then car sales must increase at a much higher rate, he added.
short by Kiran Khatri / 05:54 pm on 05 Aug
Mercedes-Benz parent Daimler to pay $3 bn to settle US diesel cases
short by Rishabh Bhatnagar / on 14 Aug 2020,Friday
Germany's Daimler, which makes Mercedes-Benz cars, will pay nearly $3 billion to settle cases around its cheat diesel emissions software. It will pay $1.5 billion to the authorities, $700 million to settle with car owners and expects further expenses of a "mid three-digit-million euro amount". Volkswagen had agreed to pay over $25 billion in US to settle a similar case.
short by Rishabh Bhatnagar / 10:09 am on 14 Aug
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