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The 1994 Toyota Supra car driven by the late actor Paul Walker in the 'Fast & Furious' movie series has been sold for $550,000 (over ₹4 crore) in a car auction in the US. The Supra, driven by Walker who played Brian O'Conner's role, featured in 'The Fast and the Furious' in 2001 and '2 Fast 2 Furious' in 2003.
short by Pragya Swastik / 08:19 pm on 20 Jun
Tesla CEO Elon Musk revealed Model S Plaid, the electric car-maker's fastest vehicle to date, at an event for customers at the company's factory in California. Tesla said it has the ability to go from 0-96 kmph in 1.99 seconds and has a top speed of around 322 kmph. The car will roughly cost around $130,000 (₹95 lakh).
short by Arshiya Chopra / 02:59 pm on 11 Jun
An American father-son duo pleaded guilty in Tokyo to charges that they illegally helped former Nissan Chairman Carlos Ghosn flee Japan hidden in a box aboard a private jet in 2019. Michael Taylor and his son Peter replied "no" on being asked if there was anything wrong with the charges submitted. They could face up to three years in prison.
short by Krishna Raj / 03:57 pm on 14 Jun
Electric 2-wheelers to become cheaper as govt hikes FAME II subsidy
short by Kiran Khatri / on 12 Jun 2021,Saturday
The government has made revisions to the Faster Adoption and Manufacturing of Electric Vehicles (FAME) in India Phase II scheme that will lower prices of electric two-wheelers. It has hiked the subsidy rate for electric two-wheelers to ₹15,000 per kWh, from ₹10,000 earlier. The government also raised the cap on incentives to 40% of the vehicle cost, from 20% earlier.
short by Kiran Khatri / 04:28 pm on 12 Jun
Princess Diana's engagement gift, a 1981 Ford Escort, to be auctioned
short by Pragya Swastik / on 09 Jun 2021,Wednesday
A 1981 Ford Escort Ghia saloon given to late Princess Diana as an engagement present by Prince Charles is set to be auctioned. The car's current owner kept its origins a secret for 20 years. The car, gifted to late Princess Diana two months before her wedding, is expected to fetch between £30,000 and £40,000 (up to ₹41 lakh).
short by Pragya Swastik / 11:07 pm on 09 Jun
GM's self-driving car unit Cruise secures $5 billion credit line
short by Hiral Goyal / on 15 Jun 2021,Tuesday
Cruise, the self-driving car subsidiary majority-owned by General Motors, has secured a $5 billion credit line. The new credit is being provided by the automotive finance arm of General Motors. "This bumps up Cruise's total war chest to over $10 billion as we enter commercialisation," Cruise CEO Dan Ammann said. Cruise also counts SoftBank and Honda as its minority investors.
short by Hiral Goyal / 11:32 pm on 15 Jun
Plans to produce Tesla Model S Plaid+ cancelled: Elon Musk
short by Aishwarya Awasthi / on 07 Jun 2021,Monday
Tesla CEO Elon Musk has announced Tesla has dropped its plans to produce Model S Plaid+, a variant of its Model S Plaid that can go from 0-100 kmph in 1.99 seconds. "Plaid+ is cancelled. No need, as Plaid speed is just so good," Musk tweeted. Earlier, it was reported that Tesla had stopped accepting orders for the Plaid+ version.
short by Aishwarya Awasthi / 02:25 pm on 07 Jun
Tesla Heavy Duty Trucking head quits 4 months after taking up role
short by Aishwarya Awasthi / on 08 Jun 2021,Tuesday
Tesla Heavy Duty Trucking President Jerome Guillen has quit the company four months after taking up the role. Guillen, who joined Tesla over a decade ago, oversaw Tesla's entire vehicles business before being named Tesla Heavy Trucking unit President in March. He started at Tesla in 2010 and reported directly to CEO Elon Musk as Model S program director.
short by Aishwarya Awasthi / 04:17 pm on 08 Jun
Alphabet's self-driving car unit Waymo raises $2.5 billion
short by Hiral Goyal / on 16 Jun 2021,Wednesday
Alphabet's self-driving car unit Waymo on Wednesday announced that it has raised $2.5 billion in the latest round of investment. The round saw more than 10 participants, including its parent company Alphabet, Andreessen Horowitz, Tiger Global, Temasek, and Mubadala Investment Company. Although Waymo's valuation was not disclosed, according to PitchBook, it is valued at just over $30 billion.
short by Hiral Goyal / 08:26 pm on 16 Jun
Tesla Gigafactory permit faces objection in Germany
short by Aishwarya Awasthi / on 12 Jun 2021,Saturday
Environmental groups in Germany have filed an official objection to a provisional permit from the Brandenburg environmental authority for the construction of a Tesla Gigafactory near Berlin, Reuters reported. Their objection claims Tesla has not sufficiently clarified what precautions it will take to prevent factory's highly poisonous gas from escaping. The groups might go to court after June 16.
short by Aishwarya Awasthi / 07:00 am on 12 Jun
World's 1st electric flying race car tested: Australia's Alauda
short by Aishwarya Awasthi / on 20 Jun 2021,Sunday
The world's first electric flying race car has been tested in Australia, ahead of a proposed series of remotely piloted races later this year, Australia-based Alauda announced. The Alauda Airspeeder Mk3, a four-metre-long multicopter, took its first unmanned test flights with Australia's Civil Aviation Safety Authority's approval. The Mk3 can accelerate from 0-100 kilometres/hour in 2.8 seconds.
short by Aishwarya Awasthi / 04:25 pm on 20 Jun
Hyundai has accelerated efforts on making flying cars: Global COO
short by Aishwarya Awasthi / on 14 Jun 2021,Monday
Hyundai Global COO Jose Munoz has said the firm has accelerated efforts around developing "flying cars" and will offer services around those vehicles rather than just selling them. The firm is ahead of the timetable it previously planned for the rollout of urban air mobility vehicles. The urban air taxis could be in operation at major US airports before 2025.
short by Aishwarya Awasthi / 11:19 pm on 14 Jun
Ford acquires EV fleet monitoring software startup Electriphi
short by Aishwarya Awasthi / on 18 Jun 2021,Friday
Ford is acquiring California-based Electriphi, which provides charging management and fleet monitoring software for electric vehicles. Electriphi's team and services will be integrated into Ford's new business unit, Ford Pro. Electriphi has developed a purpose-built electric vehicle fleet and charging management platform that simplifies fleet electrification and saves energy costs.
short by Aishwarya Awasthi / 02:53 pm on 18 Jun
30 Tesla crashes linked to assisted driving system under probe in US
short by Aishwarya Awasthi / on 19 Jun 2021,Saturday
US safety regulators have opened 30 investigations into Tesla crashes involving 10 deaths since 2016 where the advanced driver assistance system was suspected to have been in use. The US NHTSA has ruled out Tesla's Autopilot in three of the 30 crashes and published reports on two. Earlier this year, a Tesla crash had killed two men in Texas.
short by Aishwarya Awasthi / 11:05 pm on 19 Jun
Data of 3.3mn customers in N America stolen from vendor: Volkswagen
short by Kiran Khatri / on 12 Jun 2021,Saturday
Volkswagen and its luxury brand Audi have been hit by a data breach which impacted 3.3 million customers and prospective buyers in North America. The data, which was stolen from their vendor, included contact numbers, email addresses and in some cases, driver license numbers, Volkswagen said. The company reached out to 90,000 people whose sensitive information was taken.
short by Kiran Khatri / 12:00 pm on 12 Jun
Car prices are likely to remain "fairly stable" in the short-term, Volkswagen India's Brand Director Ashish Gupta said. He said that the second wave of COVID-19 has more or less balanced the demand-supply situation in the past two months. Gupta added that the demand is expected to start picking up again as the restrictions start easing out.
short by Krishna Raj / 11:06 pm on 06 Jun
Set uniform COVID-19 rules for carmakers: Madras HC to TN govt
short by Krishna Raj / on 08 Jun 2021,Tuesday
The Madras High Court has tasked officials from department of industrial safety with visiting carmakers in Tamil Nadu to set uniform safety guidelines for workers amid second wave of COVID-19. This comes after workers at Renault-Nissan unit had asked the court for operations to be halted. The workers said that social distancing norms were being flouted at the plant.
short by Krishna Raj / 05:07 pm on 08 Jun
Mahindra Group has announced the appointment of Pratap Bose as the Executive Vice President and Chief Design Officer to lead its newly formed Global Design organisation. He will lead the new centre in the UK's Coventry and the existing studio in India. Bose, who was earlier Vice President of Global Design at Tata Motors, resigned from the position in April.
short by Kiran Khatri / 05:32 pm on 11 Jun
Volkswagen's ex-CEO to pay firm $13 million over diesel scandal
short by Krishna Raj / on 09 Jun 2021,Wednesday
Volkswagen said that former CEO Martin Winterkorn has agreed to pay $13.6 million in compensation over diesel emissions scandal. Volkswagen was caught using software that let the cars pass emissions tests and then turned off air pollution controls during normal driving. The firm will also receive $329 million from liability insurance against loss from the actions of Directors and officers.
short by Krishna Raj / 11:06 pm on 09 Jun
Lordstown Motors CEO resigns days after startup cited cash crunch
short by Aishwarya Awasthi / on 14 Jun 2021,Monday
EV startup Lordstown Motors has said that its CEO Steve Burns and CFO Julio Rodriguez have resigned, days after the startup warned that it may not have sufficient funds to enter commercial-scale production of its vehicles. Lordstown's lead independent director, Angela Strand, has been appointed executive chairwoman and would oversee its transition until a permanent CEO is identified.
short by Aishwarya Awasthi / 06:32 pm on 14 Jun
Too early to focus on electric cars only: Toyota Director Terashi
short by Krishna Raj / on 16 Jun 2021,Wednesday
On being asked about why Toyota Motor is taking a different electrification route than Honda Motor, Director Shigeki Terashi said, "It's too early to concentrate on one option." The lineup over the next 30 years will contain a myriad of options beyond just electric vehicles, executives said. Meanwhile, Honda Motor is targeting all-electric vehicle sales by 2040.
short by Krishna Raj / 05:03 pm on 16 Jun
Anita Frew appointed as Rolls-Royce's first woman Chair
short by Krishna Raj / on 09 Jun 2021,Wednesday
Rolls-Royce on Wednesday said that Anita Frew will succeed Ian Davis as Chair on October 1, making her the first woman Chair of the company. "The company conducted a comprehensive search and Anita emerged as the outstanding candidate," Senior Independent Director Kevin Smith said. Frew is currently Chair of Croda and a Non-Executive Director of mining firm BHP Group.
short by Krishna Raj / 03:47 pm on 09 Jun
Porsche to set up new venture for high-performance batteries
short by Aishwarya Awasthi / on 20 Jun 2021,Sunday
Porsche AG is setting up a joint venture with German lithium-ion specialist Customcells to produce high-performance batteries for electric sportscars. Porsche said it will invest a high double-digit million euro sum in the joint venture in which it will hold over 80%. According to Porsche CEO Oliver Blume, the new cells will allow charging in less than 15 minutes.
short by Aishwarya Awasthi / 06:41 pm on 20 Jun
Lordstown Motors warns it may not have cash to enter production
short by Hiral Goyal / on 09 Jun 2021,Wednesday
Electric vehicle startup Lordstown Motors has warned that it may not have sufficient funds to enter commercial scale production of its vehicles. The company has added a going-concern notice to its annual report, indicating it might not be able to meet its financial obligations. Earlier, CEO Steve Burns said Lordstown would need more capital to produce 2,000-plus units this year.
short by Hiral Goyal / 08:28 pm on 09 Jun
Delhi govt approves single window system for setting up EV chargers
short by Atul Mishra / on 15 Jun 2021,Tuesday
Delhi government has approved a single-window system for the installation of electric vehicle chargers in private and semi-public spaces, including housing societies, malls and other places. "Under this facility, DISCOMS will empanel vendors at the lowest cost...for installation of two slow charging standards (Light EV AC and AC 001) and one fast-charging standard (DC 001)," the government said.
short by Atul Mishra / 03:20 pm on 15 Jun
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