Us Auto Sales

US FTC s expected to open an in-depth probe on Wednesday of Qualcomm’s purchase of Israeli auto-chip maker Autotalks, Politico reported on Tuesday. In May, Qualcomm had said it would acquire Israel's Autotalks, a maker of chips used in crash-prevention technology in vehicles, but had not disclosed the terms of the deal.

Take-Two Interactive Software forecast second-quarter net bookings below Wall Street targets on Tuesday, in a sign that spending on games remained under pressure amid inflationary pressures.

PlayStation Summer Sale 2023 brings discounts up to 75 percent off on select PS4 and PS5 titles. The promotion will be live for a limited time, ending on Wednesday, August 16, albeit some unspecified games will be removed from sale on August 2. Despite being a PS sale, there are not a lot of exclusives available at discounts — rather, this promot...

Tesla is set to realise fully autonomous vehicles "later this year", CEO Elon Musk said Thursday. "In terms of where Tesla is at this stage, I think we are very close to achieving full self-driving without human supervision," Musk said. Elon Musk has missed his own deadlines for a fully autonomous vehicle and Tesla's driver-assistance technology ha...

General Motors on Thursday announced that it was adopting Tesla's North American charging system as part of a new agreement that will allow GM EV owners to access Tesla's Supercharger network. The decision to adopt Tesla's technology was announced by GM CEO Mary Barra and Tesla chief Elon Musk in a Twitter Spaces event.

Nearly one in five cars sold globally this year will be electric, with the prices of smaller EV models dropping to rival those of combustion engine cars in North America and Europe by the mid-2020s, the International Energy Agency (IEA) predicted on Wednesday. The agency raised its EV sales forecasts in part because of the US Inflation Reduction A...

Used electric vehicle sales in the United States rose 32 percent in the first three months of 2023 as prices fell, data provider Cox Automotive said on Friday. The group said the average retail listing prices for used EVs was around $43,400 (nearly Rs. 35 lakh), down 4 percent from the same quarter last year and significantly below the average new...

Nissan Motor on Monday raised its electrified car sales goals and said it would boost power train production in the United States, as it looks to catch up in a segment dominated by newer automakers such as Tesla. The Japanese automaker was a pioneer in electric vehicles (EVs) with its all-battery-powered Leaf but has struggled alongside many legacy...

India eclipsed Japan in auto sales last year, according to the latest industry data, making it the third-largest auto market for the first time, Nikkei Asia reported on Friday.

Tesla CEO Elon Musk's "super bad feeling" about the economy could be the auto industry's "canary in the coal mine" moment, signaling a recession for an industry whose bosses have shown no signs of concern.

Toyota Motor warned "unprecedented" hikes in raw material costs could slice a fifth off full-year profit, a clear sign the world's top automaker by sales can no longer shrug off the supply-chain crunch that has roiled the global industry.

Sales data reveals that China and the US remain the world's largest auto markets, while India stood in fourth place in terms of volumes at the end of 2021.

Sales of EVs in the United States jumped to a record high earlier this month with 434,879 new units on the road, however, demand for their hybrid counterparts remained strong as many customers withdrew from EVs due to higher prices, limited driving range and fewer charging stations than required.

According to the report, the investigation began last year after Kimbal sold shares of the electric carmaker valued at $108 million, a day before Musk polled Twitter users asking whether he should offload 10% of his stake in Tesla.

Nissan said it plans to assemble electric vehicles for its Nissan and Infiniti brands in Mississippi starting in 2025 and aims to have electric vehicles make up 40 per cent of its US sales by 2030.

US FTC s expected to open an in-depth probe on Wednesday of Qualcomm’s purchase of Israeli auto-chip maker Autotalks, Politico reported on Tuesday. In May, Qualcomm had said it would acquire Israel's Autotalks, a maker of chips used in crash-prevention technology in vehicles, but had not disclosed the terms of the deal.

Take-Two Interactive Software forecast second-quarter net bookings below Wall Street targets on Tuesday, in a sign that spending on games remained under pressure amid inflationary pressures.

PlayStation Summer Sale 2023 brings discounts up to 75 percent off on select PS4 and PS5 titles. The promotion will be live for a limited time, ending on Wednesday, August 16, albeit some unspecified games will be removed from sale on August 2. Despite being a PS sale, there are not a lot of exclusives available at discounts — rather, this promot...

Tesla is set to realise fully autonomous vehicles "later this year", CEO Elon Musk said Thursday. "In terms of where Tesla is at this stage, I think we are very close to achieving full self-driving without human supervision," Musk said. Elon Musk has missed his own deadlines for a fully autonomous vehicle and Tesla's driver-assistance technology ha...

General Motors on Thursday announced that it was adopting Tesla's North American charging system as part of a new agreement that will allow GM EV owners to access Tesla's Supercharger network. The decision to adopt Tesla's technology was announced by GM CEO Mary Barra and Tesla chief Elon Musk in a Twitter Spaces event.

Nearly one in five cars sold globally this year will be electric, with the prices of smaller EV models dropping to rival those of combustion engine cars in North America and Europe by the mid-2020s, the International Energy Agency (IEA) predicted on Wednesday. The agency raised its EV sales forecasts in part because of the US Inflation Reduction A...

Used electric vehicle sales in the United States rose 32 percent in the first three months of 2023 as prices fell, data provider Cox Automotive said on Friday. The group said the average retail listing prices for used EVs was around $43,400 (nearly Rs. 35 lakh), down 4 percent from the same quarter last year and significantly below the average new...

Nissan Motor on Monday raised its electrified car sales goals and said it would boost power train production in the United States, as it looks to catch up in a segment dominated by newer automakers such as Tesla. The Japanese automaker was a pioneer in electric vehicles (EVs) with its all-battery-powered Leaf but has struggled alongside many legacy...

India eclipsed Japan in auto sales last year, according to the latest industry data, making it the third-largest auto market for the first time, Nikkei Asia reported on Friday.

Tesla CEO Elon Musk's "super bad feeling" about the economy could be the auto industry's "canary in the coal mine" moment, signaling a recession for an industry whose bosses have shown no signs of concern.

Toyota Motor warned "unprecedented" hikes in raw material costs could slice a fifth off full-year profit, a clear sign the world's top automaker by sales can no longer shrug off the supply-chain crunch that has roiled the global industry.

Sales data reveals that China and the US remain the world's largest auto markets, while India stood in fourth place in terms of volumes at the end of 2021.

Sales of EVs in the United States jumped to a record high earlier this month with 434,879 new units on the road, however, demand for their hybrid counterparts remained strong as many customers withdrew from EVs due to higher prices, limited driving range and fewer charging stations than required.

According to the report, the investigation began last year after Kimbal sold shares of the electric carmaker valued at $108 million, a day before Musk polled Twitter users asking whether he should offload 10% of his stake in Tesla.

Nissan said it plans to assemble electric vehicles for its Nissan and Infiniti brands in Mississippi starting in 2025 and aims to have electric vehicles make up 40 per cent of its US sales by 2030.