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WhatsApp Co-founder to sell 10 Porsches, doesn't have time to drive
short by Pragya Swastik / on 13 Jan 2019,Sunday
WhatsApp Co-founder Jan Koum is selling his 10 Porsche cars at a US auction on March 8 this year. "If I had unlimited time and unlimited garage space, I would never sell any of them," said Koum. The cars include a trio of yellow Carrera RS models and a 2015 Porsche 918 Spyder Weissach which has covered only 32 kilometres.
short by Pragya Swastik / 10:30 pm on 13 Jan
Pay ₹100 cr by Friday or will order MD's arrest: NGT to Volkswagen
short by Krishna Veera Vanamali / on 17 Jan 2019,Thursday
The National Green Tribunal (NGT) has directed Volkswagen India to deposit ₹100 crore by Friday in a case involving emissions violations. The court said failure to deposit could lead to punitive actions including the arrest of the country MD and the seizure of the carmaker's properties. The case relates to health damages caused by excess emissions of nitrogen oxide (NOx).
short by Krishna Veera Vanamali / 03:03 pm on 17 Jan
Tesla to give Model 3 car as reward for finding security bugs
short by Pragya Swastik / on 15 Jan 2019,Tuesday
Elon Musk-led electric carmaker Tesla has announced it will offer a brand new Model 3 car to cybersecurity researchers who will identify security bugs with the car's software at an annual cybersecurity contest 'Pwn2Own' in Canada. For the first time this year, the competition has added an automotive category. Tesla first launched a 'bug bounty' program in 2014.
short by Pragya Swastik / 07:03 pm on 15 Jan
Car sales in China, world's biggest market, fall 1st time in 20 yrs
short by Krishna Veera Vanamali / on 09 Jan 2019,Wednesday
Car sales in China fell 6% to 22.7 million units last year, the first annual decline in at least 20 years, the China Passenger Car Association said. The sales drop in the world's biggest car market comes amid slowing economic growth and trade tensions with the US. The association said that it expects the sales to rise 1.2% in 2019.
short by Krishna Veera Vanamali / 06:59 pm on 09 Jan
Difficult road ahead: Elon Musk fires over 3,000 Tesla staff
short by Gaurav Shroff / on 18 Jan 2019,Friday
Tesla CEO Elon Musk on Friday e-mailed employees the company would cut its 45,000-strong workforce by around 7%. Musk wrote the firm faces a "very difficult" road ahead, making its electric cars, batteries and solar products cost-competitive with fossil fuels. Musk added Tesla's 4% profit in 2018 third quarter was "small" but the "first meaningful profit in its 15-year history".
short by Gaurav Shroff / 07:41 pm on 18 Jan
Fortnite streamer buys Tesla car because Elon Musk replied to him
short by Krishna Veera Vanamali / on 16 Jan 2019,Wednesday
Fortnite streamer Tfue, who pledged to buy a Tesla car because Elon Musk replied to him on Twitter, shared a picture of his Tesla Model X on Tuesday. In October, Tfue asked Musk if he could help him "get better internet", to which the Tesla CEO replied "Yes". Tfue now asked Musk if he has any "unusable first stage rockets".
short by Krishna Veera Vanamali / 05:53 pm on 16 Jan
Tesla sued for faulty battery after 2 teens died in 186-kmph crash
short by Gaurav Shroff / on 10 Jan 2019,Thursday
Tesla has been sued over claims that a defective Model S battery caused the death of two teen passengers in the US last year. The lawsuit also alleged a Tesla service center removed a speed limiter installed by the victim's parents. The car was moving at 186 kmph before it crashed into a wall, allegedly setting its battery on fire.
short by Gaurav Shroff / 08:27 am on 10 Jan
Tesla investors may subpoena Grimes in lawsuit against Musk
short by Gaurav Shroff / on 19 Jan 2019,Saturday
A California court has granted permission to subpoena musicians Grimes and Azealia Banks in the ongoing lawsuit against Tesla CEO Elon Musk by some shareholders. Grimes was in a relationship with Musk while Banks claimed she was staying at his place when the "funding secured" tweet was posted. The SEC earlier alleged Musk had posted the tweet to impress Grimes.
short by Gaurav Shroff / 03:17 pm on 19 Jan
Smart e-bike that connects to Amazon's Alexa unveiled at CES
short by Arundhati Rawat / on 10 Jan 2019,Thursday
Cybic E-Legend, a smart electric bicycle that can connect to Amazon's voice-controlled virtual assistant Alexa was unveiled at the ongoing technology event CES 2019 in Las Vegas. The e-bike features a touchscreen display that gives navigation information and cycling performance data like speed, time and distance travelled. Users can also play music and activate the e-bike's lights using Alexa.
short by Arundhati Rawat / 04:09 pm on 10 Jan
Uber partner reveals hybrid-electric air taxi design at CES
short by Kanishka Pandey / on 08 Jan 2019,Tuesday
Uber's flying taxi partner Bell revealed the design of a hybrid-electric powered air taxi, called Bell Nexus, at the Consumer Electronics Show (CES) 2019 in Las Vegas. The five-person vehicle has a vertical takeoff with six tilting ducted fans. Bell's Director of Innovation, Scott Drennan, said the company intends to have Nexus in operation by the "mid-2020s".
short by Kanishka Pandey / 07:33 pm on 08 Jan
Cars compliant with India emission norms but will deposit fine: VW
short by Shruti Maria Mahendar / on 17 Jan 2019,Thursday
Volkswagen on Thursday said its cars are compliant with India's emission norms but it will deposit ₹100-crore penalty as directed by the National Green Tribunal (NGT). This came after NGT said failure to deposit could lead to punitive actions including the country MD's arrest. The carmaker said the order of the NGT is already being challenged in the Supreme Court.
short by Shruti Maria Mahendar / 08:33 pm on 17 Jan
Hyundai unveils car concept that can walk over tough terrain
short by Arundhati Rawat / on 08 Jan 2019,Tuesday
At the ongoing technology event CES 2019 in Las Vegas, automaker Hyundai unveiled its car concept 'Elevate' that can walk over difficult terrain. The concept car has wheels with robotic legs attached to them that unfold to help it 'walk'. It is designed for use in emergency situations like natural disasters and for taxi services.
short by Arundhati Rawat / 07:52 pm on 08 Jan
Tesla to recall 14,000 cars in China over faulty airbags
short by Kanishka Pandey / on 18 Jan 2019,Friday
China's top market regulator has revealed Tesla will recall more than 14,000 Model S cars over faulty airbags made by Japan-based firm Takata. The move is part of an industry-wide recall of reportedly around 37 million vehicles containing the airbags. The defective airbags use a propellant that might rupture the airbag and cause serious injuries or even deaths.
short by Kanishka Pandey / 06:58 pm on 18 Jan
Ford debuts its most powerful Mustang '2020 Shelby GT500'
short by Arundhati Rawat / on 15 Jan 2019,Tuesday
Ford on Monday debuted its most powerful Mustang, '2020 Shelby GT500', that it claims can go from 0-100 kmph in mid-three-seconds, in Detroit, US. The vehicle has an over 700-horsepower supercharged 5.2-litre V8 engine. Further, the vehicle is equipped with a seven-speed dual-clutch transmission that can shift gears in less than one-tenth of a second, Ford added.
short by Arundhati Rawat / 07:28 pm on 15 Jan
Toyota's 1st Supra in US in 21yrs goes from 0-100 kmph in 4.1 secs
short by Arundhati Rawat / on 15 Jan 2019,Tuesday
Toyota on Monday showed its 2020 GR Supra, the first new Supra in the US in 21 years, that can go from 0-100 kmph in 4.1 seconds, in Detroit, US. The two-seater sports car features a 335-horsepower turbocharged inline six-cylinder engine. Further, the vehicle has an electronically limited top speed of about 250 kmph.
short by Arundhati Rawat / 11:22 pm on 15 Jan
Rolls-Royce warns Brexit could bring production to a halt
short by Shruti Maria Mahendar / on 11 Jan 2019,Friday
Luxury automaker Rolls-Royce has said its factory in southern England risks facing a shutdown in the event of a hard Brexit if just one component becomes unavailable because of border delays. The company operates a just-in-time production system, usually holding parts for no more than 24 hours. The British carmaker sources 32,000 parts from over 600 global suppliers.
short by Shruti Maria Mahendar / 11:30 am on 11 Jan
NGT panel proposes ₹171 cr fine on VW over Delhi air pollution
short by Shruti Maria Mahendar / on 15 Jan 2019,Tuesday
A National Green Tribunal (NGT) committee has recommended a ₹171.34-crore fine on German automaker Volkswagen as "health damage" for causing air pollution in Delhi due to excess nitrogen oxide (NOx) emissions. Around 3.27 lakh Volkswagen cars in India had a 'cheat device' which led to violation of emission norms. NOx is a smog-forming pollutant causing heart and lung diseases.
short by Shruti Maria Mahendar / 09:57 pm on 15 Jan
Mahindra hikes stake in South Korean unit SsangYong to 74.65%
short by Shruti Maria Mahendar / on 16 Jan 2019,Wednesday
Automobile manufacturer Mahindra & Mahindra (M&M) on Wednesday said it has increased stake in its South Korean arm SsangYong Motor to 74.65% with subscription of additional shares worth ₹316.5 crore. Prior to this, M&M held 72.46% stake in the company. The Anand Mahindra-led automaker had acquired 70% stake in SsangYong Motor for $463 million in 2011.
short by Shruti Maria Mahendar / 08:40 pm on 16 Jan
Jailed ex-Nissan chief allowed to bathe twice a week: Wife
short by Shruti Maria Mahendar / on 14 Jan 2019,Monday
Ousted Nissan Chairman Carlos Ghosn's wife has in a letter to Human Rights Watch claimed that Ghosn is "browbeaten" in jail and allowed to take bath only twice or thrice a week. He is confined to an unheated cell and being denied daily medication, she added. The 64-year-old, who has been detained over financial misconduct allegations, recently developed a fever.
short by Shruti Maria Mahendar / 07:47 pm on 14 Jan
France calls for Carlos Ghosn's dismissal as Renault CEO
short by Shruti Maria Mahendar / on 17 Jan 2019,Thursday
The French government, which is the biggest shareholder in Renault, has called for Carlos Ghosn's dismissal as Chairman and Chief Executive Officer (CEO) of the automaker. The 64-year-old was fired from Nissan and Mitsubishi Motors following his arrest on November 19 over allegations of financial misconduct. The board of Renault will reportedly meet soon to discuss Ghosn's replacement.
short by Shruti Maria Mahendar / 06:41 pm on 17 Jan
Jailed ex-Nissan chief down with fever, interrogation halted
short by Shruti Maria Mahendar / on 10 Jan 2019,Thursday
Ousted Nissan Chairman Carlos Ghosn, who has been in detention for nearly two months, has developed a fever, prompting Japanese authorities to stop his interrogation. A doctor is attending to Ghosn, his lawyer said. The 64-year-old has been locked up in a small cell with a toilet and wash basin since his arrest on November 19 over financial misconduct allegations.
short by Shruti Maria Mahendar / 08:21 pm on 10 Jan
Royal Enfield President Rudratej Singh steps down
short by Shruti Maria Mahendar / on 08 Jan 2019,Tuesday
Royal Enfield on Tuesday said its President Rudratej Singh has resigned from the company with immediate effect. Singh, who oversaw the commercial business of the bikemaker as president, has stepped down owing to personal commitments, the company added. Parent Eicher Motors' Chief Financial Officer Lalit Malik will take additional interim responsibility as Royal Enfield's Chief Commercial Officer.
short by Shruti Maria Mahendar / 09:29 pm on 08 Jan
Nissan unveils concept van with all-electric carpentry shop
short by Arundhati Rawat / on 20 Jan 2019,Sunday
Nissan showed its concept van NV300 that includes an all-electric carpentry workshop at the Brussels Motor Show in Belgium. The van has a portable battery pack, with a storage capacity of 700Wh and maximum power output of 1kW, that runs on second-hand batteries from Nissan's LEAF electric vehicles. It also has an integrated touch-screen computer, swivel seating and LED lighting.
short by Arundhati Rawat / 05:04 pm on 20 Jan
Elon Musk claims new Tesla Roadster will float above ground
short by Arundhati Rawat / on 10 Jan 2019,Thursday
Tesla CEO Elon Musk responded to a tweet of a GIF showing a car hovering above the ground saying, "[N]ew Roadster will actually do something like this." Musk explained the Roadster will use "SpaceX cold gas thruster system with ultra high-pressure air in a composite over-wrapped pressure vessel" to float. "I feel like you’re not joking," YouTuber Marques Brownlee commented.
short by Arundhati Rawat / 10:07 pm on 10 Jan
Tata Motors-owned Jaguar Land Rover to slash 4,500 jobs
short by Shruti Maria Mahendar / on 11 Jan 2019,Friday
Tata Motors-owned Jaguar Land Rover plans to slash 4,500 jobs worldwide amid sales slowdown caused by Brexit, falling demand for diesel-powered vehicles and downturn in China. The cuts, representing roughly 10% of the UK-based carmaker's workforce, are part of a $3.2-billion push announced earlier to reduce costs and boost cash flow. Around 1,500 people had left the company in 2018.
short by Shruti Maria Mahendar / 09:00 am on 11 Jan
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