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Auto · 28 Apr 2022
Ford Rides Higher Vehicle Prices To Strong Quarter, Maintains Forecast
Ford Motor Co posted better-than-expected quarterly results on Wednesday and maintained its profit forecast for the year, citing strong vehicle pricing that partly offset higher costs and inflation.
Auto · 28 Apr 2022
Hyundai, Kia Expect Auto Sales Jump In 2022 Amid Chip Shortage
Hyundai and Kia sold 6.67 million vehicles in 2021, about 3.7% less than their combined target of 6.92 million vehicles, largely due to supply problems including the chip…
Auto · 28 Apr 2022
NHTSA Evaluating Potential Safety Concerns Related To Heating Issue Of Tesla Cars
The report said the heating problems happened even after Tesla early last year replaced faulty sensors in heat pumps in some 2020-2021 Model 3 and Model Y vehicles…
Auto · 28 Apr 2022
Indian Electric Van Maker For Amazon Raises Funds
Indian start-up EVage has raised $28 million from U.S.-based venture capital firm RedBlue Capital, the company said on Friday.
Auto · 28 Apr 2022
GM’s Electric Commercial Vehicle Unit Signs Deals With Walmart, FedEx
BrightDrop has signed a new deal to supply EVs to retail giant Walmart Inc and expanded its supply agreement with delivery firm FedEx Corp.
Auto · 28 Apr 2022
Mercedes-Benz Vision EQXX Achieved 1000 Km Drive Range Using Bridgestone’s Hyper-Efficient Tyres
Mercedes-Benz aims at making the Vision EQXX more efficient and increasing electric range to a higher level and tyres' rolling resistance has a very crucial role to play…
Auto · 28 Apr 2022
Mercedes-Benz CEO Says Raw Material Scarcity Could Delay E-Mobility: Report
Carmakers are working to secure supplies of materials from lithium, nickel, and manganese for batteries to magnesium for car components.
Auto · 28 Apr 2022
Shyft To Start Building Electric Delivery Van By Mid-2023
Shyft, which is based outside Detroit, will begin delivering the custom-built electric vans in the second half of 2022 to customers for testing. The van will have a…
Auto · 28 Apr 2022
ABB Eyes Acquisitions To Grow Electric Vehicle Charging Business
ABB which makes fast electric chargers for cars, buses and trucks wants to spend $750 million on expanding its operations, the company said at its capital markets day…
Auto · 28 Apr 2022
Crude Prices Edge Lower, Though Supply Concerns Still Dominant
The global benchmark rose to $89.17 on Wednesday, its highest level since October 2014; the benchmark is up 13% on the year so far.