The company;s portfolio is likely to allow it to improve and feed the demand for better battery technology and lighter, fuel efficient vehicles. To this end, its cobalt, zinc and aluminium mines in Zambia, Congo and India are likely to… Read More ›
electric vehicles
Toyota Motor Corp to set up auto assembly plant in US in joint collaboration with Mazda
Toyota’s fuel efficient sedans and SUVs caters to design-conscious consumers in the US. As per a sourced briefed with the matter at hand, Toyota Motor Corp and Mazda Motor Corp are set to collaborate on developing a $1.6 billion U.S… Read More ›
VW receives thumbs up for its Electrify America plan
Volkswagen AG will be spending $2 billion, across 10 years, to advance the development of electric vehicles in the country, as part of its settlement plans. The California Air Resources Board has unanimously voted to approve the 30 month plan… Read More ›
Tesla adds James Murdoch and Linda Johnson Rice to its Board of Directors
With these latest additions, all eyes are on the success of its mass-market sedan, the Model 3. There is no looking back if the Model 3 is a hit. Tesla Inc has appointed James Murdoch, the Chief Executive of Twenty-First… Read More ›
Ford set to fire its CEO
James Hackett set to replace outgoing CEO Mark Fields. As per a source familiar with the matter at hand, Ford Motor Co is set to announce the departure of its Chief Executive, Mark Fields, in what marks a broad shake-up… Read More ›
Hyundai Motor preparing new platform for EVs
The company has a global market penetration of 1% in the EV segment. With the new platform it is targeting a market presence of 24% by 2025. In a strategic development for Hyundai Motor Co, an executive from the South… Read More ›
Toyota and Suzuki partnership could be a win-win deal for both carmakers
The partnership could provide both Toyota and Suzuki greater market penetration as well as export opportunities. In what is likely to be a significant moment in Japanese automotive history, Toyota Motor Corp and Suzuki Motor Corp have agreed to begin… Read More ›
Tesla appoints Apple’s Chris Lattner to lead its Autopilot technology
The move comes midst Federal safety regulators probing Tesla’s Autopilot’s role in a fatal crash in Florida in 2016. Tesla has mentioned in a blog post that it has hired a software engineer from Apple Inc to oversee its efforts… Read More ›
VW agrees to spend additional $1 billion to fix more of its 3.0 engine cars in the U.S
Volkswagen will buyback or fix another 80,000 3.0 litre diesel vehicles in the U.S for which it will spend 1, and up to 105,000 2.0 litre vehicles in Canada. In strategic efforts aimed at putting the emission cheating scandal behind… Read More ›
Renault, Nissan and Mitsubishi to have a common platform for EVs
As a result of this collaboration, the prices of their offerings could drop by as much as 1/5 of Nissan’s leaf price tag. As per Japanese business daily, the Nikkei has reported that Renault, Mitsubishi Motors Corp and Nissan Motor… Read More ›
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