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Auto · 26 Jan 2022
Tesla Countersues JP Morgan, Claims Bank Sought ‘Windfall’ After Musk Tweet
In a filing in Manhattan federal court, Tesla accused JPMorgan of "bad faith and avarice" for demanding $162.2 million after the bank had unilaterally changed the terms of…
Auto · 26 Jan 2022
Toyota To Produce Record 11 Million Cars In Fiscal 2022 If Chip Supply Stable
Hitting that production target would depend on a stable supply of chips
Auto · 26 Jan 2022
Oil Hits Highest Since 2014 On Russia-Ukraine Tension
Brent crude rose $1.37, or 1.6%, to $89.57 at 1319 GMT after reaching $89.60, the highest since October 2014. U.S. West Texas Intermediate (WTI) crude was up $1.13,…
Auto · 26 Jan 2022
Hero Electric Announces Partnership With Alt Mobility Electric Vehicle Leasing Platform
As part of the collaboration, Hero Electric will supply 10,000 Nyx electric scooters to the logistic aggregators and fleet operators via ALT Mobility by 2023.
Auto · 26 Jan 2022
Delhi Government Proposes Making 25 Per Cent Of New Cab Registrations Electric
The proposal would mandate apps providing transportation or delivery services, including cab operators such as Ola and Uber and food delivery apps Swiggy and Zomato, to register with…
Auto · 26 Jan 2022
Toyota Says Its Tianjin Joint Venture Resumed Production On Jan 22
The site, which Toyota runs with Chinese automaker FAW Group, was shut on Jan. 10 for 11 days.
Auto · 26 Jan 2022
U.S. Commerce Dept Says Chips Shortage To Persist, Will Review Some Prices
The voluntary survey of 150 companies last fall in the supply chain confirmed there is a significant, persistent mismatch in supply and demand for chips.
Auto · 26 Jan 2022
Bentley To Produce First Fully Electric Car In 2025
Bentley also committed to investing 2.5 billion pounds ($3.4 billion) in sustainability over the next decade.
Auto · 26 Jan 2022
Volkswagen And Bosch Team Up On Automated Driving Software
Using data from Volkswagen's fleet, the partners will develop so-called Level 2 autonomous driving software.
Auto · 26 Jan 2022
U.S. Set To Release Study Details On Chips Shortage Amid Funding Push
Automakers and chips manufacturers have warned the supply shortages could last until least 2023.