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Electric vehicle maker Rivian valued at $27.6 bn in funding round
Jan 19, 2021 (AFP)
Investors included Amazon's Climate Pledge Fund and Fidelity Management and Research, according to Rivian. "This is a critical year for us as we are launching t...
Toyota to pay $180 mln to settle US emissions violations: govt
Jan 14, 2021 (AFP)
"Toyota pays the price for its misconduct with a $180 million civil penalty and agreement to injunctive relief to ensure that its violations will not be repeate...
Sales of electric vehicles surge in China
Jan 13, 2021 (AFP)
Sales of new energy vehicles -- including all-electric and hybrids -- grew 10.9 percent from a year ago to 1.37 million vehicles in 2020, the China Association ...
GM takes to skies with flying car concept unveiled at CES
Jan 12, 2021 (AFP)
The US auto giant offered few details, releasing only a video of the Cadillac brand electric vertical takeoff and landing aircraft (eVTOL) on its digital exhibi...
GM to build electric delivery vans under new BrightDrop brand
Jan 12, 2021 (AFP)
"BrightDrop offers a smarter way to deliver goods and services," said GM chairman and chief executive Mary Barra as she unveiled the new brand at the virtual Co...
Hyundai shares soar on Apple car talks reports
Jan 08, 2021 (AFP)
Hyundai Motor shares rocketed 19.4 percent in Seoul, with its affiliate Kia also jumping 8.4 percent at the close. The moves came after cable broadcaster Korea ...
Norway first to reach 50% electric in new car sales
Jan 05, 2021 (AFP)
Despite the Covid-19 pandemic delaying the release of several new models, electric vehicles accounted for 54.3 percent of the new car market last year, up from ...
Tesla appears to have plenty of momentum after meteoric 2020
Jan 04, 2021 (AFP)
The auto industry disruptor led by Elon Musk wowed Wall Street yet again over the weekend, reporting annual car deliveries of 499,550, just shy of its 2020 targ...
Fiat greenlights electric car production in Poland
Dec 29, 2020 (AFP)
FCA's Jeep, Fiat and Alfa Romeo models "will be manufactured using the most advanced drive systems, including all-electric drive," at the Tychy plant, in Poland...
New engine capability accelerates advanced vehicle research
Dec 22, 2020 (SPX)
The new capability is an engine built specifically to run inside a neutron beam line. This neutronic engine provides a unique sample environment that allows inv...
EU court finds against 'Dieselgate' car firms
Dec 17, 2020 (AFP)
"A manufacturer cannot install a defeat device which systematically improves, during approval procedures, the performance of the vehicle emission control system...
Uber rival Ola to build world's biggest scooter factory in India
Dec 15, 2020 (AFP)
The Indian ride-hailing firm, which has financial backing from Japan's SoftBank, said Monday it will create 10,000 jobs and invest $325 million in the plant in ...
Poland taps coal region for first electric car plant
Dec 15, 2020 (AFP)
Lagging behind its smaller EU neighbours the Czech Republic and Slovakia in making electric vehicles, Poland presented its own SUV and hatchback prototypes earl...
VW set to miss EU emissions targets: CEO
Dec 04, 2020 (AFP)
In an interview with German business weekly WirtschaftsWoche, Herbert Diess said the VW group was working "flat out to get as close as possible" to selling enou...
Japan set to ban sales of new petrol cars in mid-2030s: reports
Dec 03, 2020 (AFP)
The new policy could be announced as soon as next week, building on an existing push to promote electric and hybrid vehicles, the Mainichi Shimbun said without ...
BlackBerry, Amazon team up on smart car software platform
Dec 01, 2020 (AFP)
Word of plans for an Intelligent Vehicle Data Platform called "IVY" synching cars wirelessly to computing power at Amazon Web Services caused shares in Canada-b...
GM won't take stake in electric-truck startup Nikola
Nov 30, 2020 (AFP)
Shares of Nikola plunged following the announcement, losing around one-fourth of their value. Under a revised agreement, GM reached a non-binding memorandum of ...
Tesla recalls 870 cars in China over defective roofs
Nov 27, 2020 (AFP)
The announcement comes just a month after another recall of almost 30,000 cars imported into China -- the world's biggest auto market -- due to suspension defec...
GM quits Trump lawsuit against California auto emissions rules
Nov 24, 2020 (AFP)
In October 2019, GM -- along with Toyota and Fiat Chrysler -- announced they supported the challenge to California, arguing that fuel economy rules should be se...
Avoid being road kill author gets run over by Toyota
Nov 22, 2020 (SPX)
Upon reporting falsing by Toyota Financial Services, Mr. Bartz business credit line was reduced and thereby put in default with Chase Bank. A solar financial fi...
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