DETROIT, (Reuters) – The United Auto Workers’ new labor contract with truck and bus maker Daimler Truck is likely to energize workers ahead of the union’s next target in the U.S. South – organizing a Mercedes-Benz auto assembly plant in Alabama. The tentative Daimler Truck contract, agreed to late on Friday, includes a 25% general wage increase over four years and, for the first time, … [Read more...]
Indian startup The ePlane to develop electric air taxi prototype by March 2025
PTI | New Delhi: Chennai-based startup The ePlane Company expects to develop a certifiable prototype of a flying electric taxi by March next year as it works on ways to alleviate urban congestion. Incubated out of the Indian Institute of Technology (IIT), Madras, the company also aims to initially commercialise its drones that can carry a payload of 2-6 kilograms in the coming months, according to … [Read more...]
149% surge in cases of mobile phone use while driving since Jan
PTI | New Delhi: A major surge of nearly 149% in prosecutions related to mobile phone usage while driving in Delhi since January 1, as compared to the corresponding period last year, the traffic police data revealed. The statistics, shared by the Delhi Traffic Police, indicate a sharp rise in violations of mobile phone usage laws while driving. From January 1 to April 15, a total of 15,846 … [Read more...]
Elon Musk visits China as Tesla seeks self-driving technology rollout
SHANGHAI/BEIJING, (Reuters) – Tesla (TSLA.O), CEO Elon Musk arrived in Beijing on Sunday on an unannounced visit, where he was expected to discuss the rollout of Full Self-Driving (FSD) software and permission to transfer data overseas, according to a person with knowledge of the matter. Chinese state media reported that he met Premier Li Qiang in Beijing, during which Li told Musk that Tesla’s … [Read more...]
Nigeria secures $600 million Maersk investment in seaport infrastructure
ABUJA, (Reuters) – Nigeria secured a $600 million investment in seaport infrastructure from Danish shipping company A.P. Moller-Maersk (MAERSKb.CO), the presidency said in a statement on Sunday. The investment was secured during a meeting between President Bola Tinubu and Moller-Maersk Chairman Robert Maersk Uggla on the sidelines of a World Economic Forum meeting in Saudi Arabia. “We believe in … [Read more...]
Elon Musk pursues self-driving approval on China trip as Tesla wins key endorsement
BEIJING, (Reuters) – Elon Musk pushed for China’s approval for Tesla to roll out advanced driver-assistance systems in a whirlwind trip to Beijing that ended on Monday, a step that could boost revenues at a time when Tesla is under pressure from Chinese rivals. Tesla CEO Musk arrived in the Chinese capital on Sunday where he was expected to discuss the rollout of Full Self-Driving (FSD) software … [Read more...]
SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery
Summary SK Innovation Q1 tops forecast thanks to its petrochem business Co expects solid Q2 refining margin backed by travel demand, OPEC+ cut Battery unit maintains its target to reach breakeven in H2 SEOUL, (Reuters) – SK Innovation Co Ltd (096770.KS), said on Monday its SK On battery-making unit is on target to breakeven in the second half of this year after it posted a forecast-beating … [Read more...]
Tesla clears key China assisted-driving hurdle with Baidu deal, Bloomberg News says
(Reuters) – Tesla (TSLA.O), is set to clear a key hurdle to introduce its advanced assisted driving features in China by partnering with Baidu (9888.HK), for mapping and navigation functions, Bloomberg News reported on Monday. Reporting by Angela Christy in Bengaluru; Editing by Savio D’Souza Source: worldautoforum.com … [Read more...]
Baidu, Tesla agree on mapping deal for FSD in China, sources say
BEIJING, (Reuters) – Baidu (9888.HK), China’s major internet search company, reached an agreement with Tesla (TSLA.O),to grant the car company access to its mapping license for data collection on China’s public roads, two people familiar with the matter said. The deal clears a final regulatory hurdle for Tesla’s driver assistance system, which Tesla calls Full Self Driving (FSD), to be offered in … [Read more...]
Varanasi pilot location for deployment of green hydrogen fuel cell inland vessels on NW-I
Source : PTI | New Delhi, Varanasi has been selected as the pilot location for deployment of green hydrogen fuel cell inland vessels on National Waterways-I, aligning with the government’s Harit Nauka guidelines, an official statement said on Friday. Discussions are ongoing with potential players for facilities like bunkering, it added. It was also informed that due to its low emission qualities, … [Read more...]
Daimler Truck reaches deal with United Auto Workers, averts U.S. strike
(Reuters) – Daimler Truck agreed to a new labor contract on Friday with over 7,300 hourly workers represented by the United Auto Workers (UAW) at six facilities in the U.S. South, averting a strike at the 11th hour. “For months, we said that record profits should mean a record contract with no concessions,” UAW President Shawn Fain said in a late-night appearance on YouTube from Charlotte, North … [Read more...]
Mercedes-Benz says US DOJ ended investigation into diesel emissions scandal
BERLIN, (Reuters) – The U.S. Department of Justice has closed its probe into the Mercedes-Benz diesel emissions scandal and the car manufacturer is no longer facing charges, the company said on Saturday. Mercedes-Benz cooperated fully with the DOJ, Renata Jungo Bruengger, board member for integrity, governance and sustainability at Mercedes, said in an emailed statement. “With the DOJ’s decision, … [Read more...]
Soaring insurance costs hit as US buyers get a break on car prices
(Reuters) – A new form of sticker shock has hit American car buyers like Darin Davis. In January, when the 56-year-old Dallas real estate agent renewed the insurance on the pearly-white 2024 Cadillac XT4 that he bought just a few months earlier, the rate nearly doubled. “It takes the fun out of owning a new car when you’re paying so much money,” said Davis, adding that if he’d known such a massive … [Read more...]
Exclusive: Tesla scraps low-cost car plans amid fierce Chinese EV competition
Summary Entry-level Tesla car won’t be built, three sources tell Reuters Tesla to focus on self-driving taxis instead, sources said Strategy shift comes as Tesla faces competition from China EV makers including BYD (Reuters) – Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources … [Read more...]
How Volvo landed a cheap Chinese EV on U.S. shores in a trade war
(Reuters) – A made-in-China electric vehicle will hit U.S. dealers this summer offering power and efficiency similar to the Tesla Model Y, the world’s best-selling EV, but for about $8,000 less. The EX30 from Volvo Cars, the Swedish luxury brand owned by China’s Geely, foreshadows the fierce competitive threat U.S. automakers could face from Chinese EV manufacturers that have surged far ahead of … [Read more...]
Former exec Baglino sells Tesla shares worth $181.5 mln, SEC filing shows
(Reuters) – Former Tesla executive Drew Baglino has sold shares worth around $181.5 million in the world’s top EV maker, according to a SEC filing on Thursday. Baglino, a Tesla veteran who began his career as an engineer in 2006 and was one of four members, along with Elon Musk, on the company’s leadership team. He resigned as senior vice president of powertrain and energy engineering from the … [Read more...]
Huawei’s smart car tech offers automakers route to China sales
BEIJING, (Reuters) – It’s taken Huawei just four years to become a force in smart car technology, navigating the devastation of trade sanctions on its smartphones business while simultaneously developing a driver assistance system that is the darling of the Beijing auto show. Huawei Technologies has two huge booths at this week’s event, and there are at least seven Chinese automakers touting its … [Read more...]
Nothing off the table in US response to China overcapacity, Yellen says
WASHINGTON, (Reuters) – The Biden administration is not taking any options off the table to respond to China’s excess industrial capacity, which is a top concern for the U.S. and its allies, U.S. Treasury Secretary Janet Yellen told Reuters on Thursday. China exporting its way to full employment is not acceptable to the rest of the world, Yellen said in a Reuters Next interview in … [Read more...]
Honda to set up $11 bln electric vehicle, battery plants in Canada
TOKYO, (Reuters) – Honda Motor plans to invest C$15 billion ($11 billion) in new EV and battery production plants alongside its existing facilities in Ontario, it said on Thursday, the Japanese automaker’s largest ever investment in Canada. The investment, announced by company executives and Canadian Prime Minister Justin Trudeau, signals Honda’s expectation for more growth in North American … [Read more...]
WAF Auto News | The Auto World This Week (26th April 2024)
“WAF AutoNews” is World’s No.1 in World Auto News & Auto Think Tank !!Click Here to See for yourself. INDIA MG Motor India Installs 500 EV Chargers in 500 Days APN News Volkswagen India launches new variants – Taigun GT Line and GT Plus Sport WAF Tata Passenger Electric Mobility to supply 2,000 XPRES-T units to Vertelo WAF Reliance, JSW Neo Energy and 5 others bid … [Read more...]
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