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Honda-Backed Helm.ai Reveals Future Vision System For Autonomous Cars
Helm.ai has raised $102 million to date and counts Goodyear Ventures, Korean auto parts maker Sungwoo HiTech and Amplo among its investors.
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"Give Me A Break": Trump Tariffs Threaten Japan Auto Sector
Business was already tough for auto parts maker Asahi Tekko, but with US car tariffs due to bite this week its president has a simple message for Donald Trump: "Give me a break."
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EV Startup Lucid to Lay Off 1,300 Workers to Cut Costs, Will Incur Up to $30 Million in Related Charges
Electric-vehicle maker Lucid Group said on Tuesday it would lay off about 18 percent of its workforce, or around 1,300 employees, to cut costs as part of a restructuring plan.
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India’s Passenger Vehicle Makers See Double Digit Growth Amid Improvement in Chip Shortage Issue: Details
Domestic sales of passenger vehicles from manufacturers like Maruti Suzuki, Hyundai, Tata Motors and Mahindra & Mahindra increased in July with the firms reporting single to high double-digit growth in sales. Manufacturers like Kia, Toyota Kirloskar Motor, Honda, and Skoda also saw a large increase in vehicle sales in India, with the highest-ever p...
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Volkswagen Begins Work on First In-House Battery Factory; Aims to Take on US, China Rivals
Volkswagen has begun working on its first in-house battery factory on Thursday, part of a plan by the German automaker to compete with rivals in the US and China. The company has invested a total of EUR 46 billion (roughly Rs. 3,69,900 crore) as part its ambitious goal of becoming the world's biggest electric car manufacturer by 2025. Legacy carmak...
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Auto Parts Maker Aptiv Joins Rivals To Flag Earnings Hit From China Lockdowns
Aptiv has a "heavy presence" in Shanghai, a city that has been under strict lockdowns due to surging COVID-19 cases.
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Chinese EV Maker Nio To Make Self-Developed Battery Packs From 2024
Nio said that it will start making high-voltage battery packs that it has developed itself in 2024, as part of a drive to improve profitability and competitiveness to take on rivals such as Tesla.
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Auto Parts Maker Aptiv Joins Rivals To Flag Earnings Hit From China Lockdowns
Aptiv has a "heavy presence" in Shanghai, a city that has been under strict lockdowns due to surging COVID-19 cases.
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EV Parts Maker Schaeffler Signs First Of A Kind European Rare Earth Deal
Schaeffler has agreed a five-year deal with Norway-based REEtec to supply rare earth oxides from 2024.
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Brazil's Tupy Set To Buy Traton-Owned Motor Maker MWM, Shares Soar
Brazilian auto parts company Tupy SA has signed a deal to buy motor maker MWM, formally known as International Industria Automotiva da America do Sul, Tupy said on Monday, sending its shares sharply higher.
-
Honda-Backed Helm.ai Reveals Future Vision System For Autonomous Cars
Helm.ai has raised $102 million to date and counts Goodyear Ventures, Korean auto parts maker Sungwoo HiTech and Amplo among its investors.
-
"Give Me A Break": Trump Tariffs Threaten Japan Auto Sector
Business was already tough for auto parts maker Asahi Tekko, but with US car tariffs due to bite this week its president has a simple message for Donald Trump: "Give me a break."
-
EV Startup Lucid to Lay Off 1,300 Workers to Cut Costs, Will Incur Up to $30 Million in Related Charges
Electric-vehicle maker Lucid Group said on Tuesday it would lay off about 18 percent of its workforce, or around 1,300 employees, to cut costs as part of a restructuring plan.
-
India’s Passenger Vehicle Makers See Double Digit Growth Amid Improvement in Chip Shortage Issue: Details
Domestic sales of passenger vehicles from manufacturers like Maruti Suzuki, Hyundai, Tata Motors and Mahindra & Mahindra increased in July with the firms reporting single to high double-digit growth in sales. Manufacturers like Kia, Toyota Kirloskar Motor, Honda, and Skoda also saw a large increase in vehicle sales in India, with the highest-ever p...
-
Volkswagen Begins Work on First In-House Battery Factory; Aims to Take on US, China Rivals
Volkswagen has begun working on its first in-house battery factory on Thursday, part of a plan by the German automaker to compete with rivals in the US and China. The company has invested a total of EUR 46 billion (roughly Rs. 3,69,900 crore) as part its ambitious goal of becoming the world's biggest electric car manufacturer by 2025. Legacy carmak...
-
Auto Parts Maker Aptiv Joins Rivals To Flag Earnings Hit From China Lockdowns
Aptiv has a "heavy presence" in Shanghai, a city that has been under strict lockdowns due to surging COVID-19 cases.
-
Chinese EV Maker Nio To Make Self-Developed Battery Packs From 2024
Nio said that it will start making high-voltage battery packs that it has developed itself in 2024, as part of a drive to improve profitability and competitiveness to take on rivals such as Tesla.
-
Auto Parts Maker Aptiv Joins Rivals To Flag Earnings Hit From China Lockdowns
Aptiv has a "heavy presence" in Shanghai, a city that has been under strict lockdowns due to surging COVID-19 cases.
-
EV Parts Maker Schaeffler Signs First Of A Kind European Rare Earth Deal
Schaeffler has agreed a five-year deal with Norway-based REEtec to supply rare earth oxides from 2024.
-
Brazil's Tupy Set To Buy Traton-Owned Motor Maker MWM, Shares Soar
Brazilian auto parts company Tupy SA has signed a deal to buy motor maker MWM, formally known as International Industria Automotiva da America do Sul, Tupy said on Monday, sending its shares sharply higher.
