Auto News - Page 5

China may slap massive tariffs on US, EU cars in a bid to dissuade Washington’s tariffs on Chinese EV

China may temporarily raising tariffs on imported cars with engines larger than 2.5 liters, which could legally reach up to 25 per cent under World Trade Organisation rules. Key manufacturers likely to be affected by these tariffs include Toyota, Mercedes-Benz, and BMW

Chinese EV sector slowing down as Car makers struggle to pay suppliers, Tesla going strong

Chinese makers have started falling behind in clearing the bills of its suppliers. Some have a waiting period for as long as over 290 days. Meanwhile Tesla is settling its bills as per the industry standards and practically on time

US to increase tariffs on Chinese EVs from 27.5 to 102.5%, duty on other electronics to go up too

Then Joe Biden administration is targeting key sectors, including EVs, batteries, solar cells, steel, and aluminium. The administration hopes this way, they are able to protect American industries from Chinese imports

Tesla wants to ply China’s roads with robotaxis, was the main reason for Musk's Beijing visit

Elon Musk is planning to test out Tesla's robotaxi capabilities in China. Furthermore Tesla’s FSD software might soon receive widespread approval in China. With this China hopes to thaw its relationship with the US and resume technological trades

Tesla sues Tesla: Elon Musk's electric vehicle company takes Indian namesake to court

According to the court filing, Tesla said that the Indian battery maker had continued to use the brand name despite a cease-and-desist notice sent to it in April 2022

Elon Musk’s ‘Hardcore Mode’: Fires Tesla's entire supercharging team in latest round of layoffs

In the latest round of layoffs at Tesla, Elon Musk has laid off two top-level executives and several hundreds of employees. Musk has also disbanded the supercharger team. Tesla is not done with layoffs yet and will be terminating more people in the days to come

Ola lays off over 200 employees from cabs division, CEO quits just three months after taking charge

Bhavish Aggarwal announced to workers that the company will be laying of at leat 200 employees or approximately 200 employees. The email that Aggarwal also revealed that CEO Hemant Bakshi, whose appointment was announced just months ago, has also quit

Tesla’s market cap up by $82 billion, as stocks rally 15% following Musk’s Baidu deal during China trip

Following Elon Musk's trip to China, where he signed a deal with Baidu over developing its FSD and AI in the country, Tesla's stocks rallied by 15%, adding 82% to its market cap

What exactly did Musk achieve from his deal in Beijing, and will it be enough to reverse Tesla's slide?

Elon Musk's slap-dash visit to China, where he expanded Tesla's partnership with Baidu, may not be as fruitful as it seems. For example China, has a very strict control over how its tech companies handle data, and may not allow Tesla to export or move any of it abroad

Tesla India factory delayed? Musk's shift on low-cost EVs may put India, Mexico plants at risk

Tesla is planning to make newer, cheaper EVs on its existing production lines. They are also looking to pause investing in new factories for the time being. This puts plans for Tesla's India factory in jeopardy at least for the near-future

Tesla to terminate 6000 employees from Texas, California, says layoffs will save $1bn annually

Tesla will be laying off over 6000 employees from its Texas Gigafactory at Austin and California offices as it struggles with declining demand and shrinking profit margins. Tesla will cut 3,332 jobs in California and 2,688 in Texas, starting June 14

Tesla’s mounting troubles: Investors, prepare for worst results in 7 years as EV sales crash

Like most of Elon Musk's ventures, Tesla is facing an avalanche of problems. With sales dwindling, and a massive recall that effects all Cybertrucks that have been delivered, Tesla investors are preparing for one of the worst results in about 7 years

Tesla’s Big Emergency: Elon Musk’s EV company slashes prices for EVs, FSD, as sales tank

Tesla is slashing prices of its EV portfolio as well as its software services in the US, and key markets such as China, EU. Tesla is holding a lot of inventory and is looking for ways to get rid of the EVs at its stock yards and factories

Tesla already sources parts worth $1bn from India annually, Musk’s visit, EV factory to give major boost

Tesla is working with at least 30 automotive part makers based out in India. Of these, at least 8 are Indian while several others are companies with factories in India. The Tata Group too is set to become a key component provider

EVs not eco-friendly after all? Repair costs atrociously high, even minor accidents send cars to junkyards

The US and UK are facing acute shortages of qualified and trained mechanics who can repair accidental EVs, especially if the battery or the battery compartment gets damaged even slightly. Less than 10% of the UK's auto mechanics are qualified to work directly on EV batteries

Tata Meets Tesla: Indian business giant to make chips for Elon Musk’s EV company

Tesla may have signed a major partnership with India's Tata Electronics, under which it will source some critical semiconductor chips from the company for its Global EV operations

China seething about Tesla's India debut, claims EV maker will fail in 'underprepared, immature' market

China is apparently not pleased with Tesla setting up a factory in India and is seething at Elon Musk is expanding Tesla's operations in China. A Chinese newspaper article, claimed that India's "immature an underprepared markets" and "lack of adequate infrastructure" would fail Tesla

Tesla lays off 14,000 or 10% of its workforce, reveals leaked email from Elon Musk

Tesla has laid off at least 10 per cent or about 14,000 people from teams across the world, citing slowing EV sales and an attempt to improve efficiency. The news came to light after an internal memo from Elon Musk, leaked online

Officials urge President Biden to ban China-made cars, label them 'existential threat’ to US auto industry

Major politicians and officials in the current US administration have strongly urging President Biden to ban vehicles made in China. Even the White House has publicly stated that they are worried about the kind of equipment these Chinese cars and what kind of data they collect

China’s EVs actually good, Volkswagen can’t keep up with fierce EV competition, says VW CEO

CEO of Volkswagen Group, Oliver Blume believes VW is in no position to keep up with the fierce competition that China's EV makers pose. Up until last year, VW was the top selling carmaker in China, before it lost its crown to BYD

Tesla to unveil robotaxi on August 8, budget EV not cancelled, says Elon Musk

Amid reports that Tesla would cancel their $25,000 budget programme, Elon Musk has come out and announced that not only are they not cancelling the budget EV, they are also planning to launch a robot taxi by 2025

Ford to push back and reconsider EVs again because of slowdown, renew focus on hybrids

Ford said that they will take this opportunity to keep an eye out for emerging battery tech and see how it evolves. Meanwhile, Ford will go back to the drawing board and have a rethink on its hybrid car solutions

BYD Shows US Up: Chinese EV maker to launch fully electric pickup truck later this year

Despite not being a part of the US, a market where pickup trucks are ubiquitous, BYD has developed a one, which looks to be very promising. BYD will launch their EV pickup by the end of 2024

Tesla factory likely in Maharashtra, Gujarat or Tamil Nadu, to send team by April-end to finalise site

Tesla will be sending a team from the United States to look for a site in one of these three states. The factory needs to be in a coastal state that has a great automotive manufacturing hub

Tesla’s Unmitigated Disaster: Shipments fall to its lowest since 2022, BYD, Xiaomi to eat up market share

Tesla had on of its worst quarters, delivery wise, in Q1 of 2024. Experts and analysts believe that 2024 may be a rough year for Tesla market in terms of growth

Waiting for Xiaomi: Customers planning to buy SU7 EV are facing 7-month waiting lists

Xiaomi's SU7 electric vehicle sedan opened last Thursday, with prices starting at $29,870. Within the first 24 hours, pre-orders surged to 88,898, highlighting the significant interest among consumers

After Xiaomi, Huawei now eager to jump into EVs, starts manufacturing batteries for partner manufacturer

Just days after Xiaomi unveiled its first EV, Huawei has now started the mass delivery of its own luxury EV, which it makes in partnership with China's Chery Automobile. Called the Luxeed S7 starts at approximately $34,600

AI in Maruti Suzuki cars? Automaker buys stake in tech startup to use AI/ML for new models

Maruti Suzuki has acquired 6.44 per cent stake in an Indian AI startup, Amlgo Labs for Rs 1.99 crore. Maruti Suzuki hopes Amlgo's AI and ML models will help it take crucial decisions in enhancing the quality of new vehicle models

JSW signs joint venture with MG Motor, to launch new cars every 3-6 months, sell 1 million EVs by 2030

India's JSW Group and MG Motor have entered into a joint venture and plan to sell about 1 million electric vehicles in India by 2030. The new automotive JV also plans on launching a new product every 3-6 months

NVIDIA to collaborate with more Chinese EV makers despite US sanctions, growing markets a major force

Despite sanctions from the US, NVIDIA has announced that they will be working closely with several Chinese EV makers, including Tesla-rival BYD, in order to develop self-driving technology and AI-driven infotainment systems