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Foxconn Said to Have Approached Nissan to Take Controlling Stake
Hon Hai Precision Industry Co. has approached Nissan Motor Co. to take a controlling stake, a person with knowledge of the matter said. Foxconn, which has been investing heavily in factories to build electric vehicles, would be interested in the entirety of the maker of Pathfinders, Sentra sedans and GTR supercars.
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Government Said to Expand EV Manufacturing Incentives After Tesla Disappointment
India plans to expand electric vehicle incentives to automakers building models at existing factories. India's EV policy, which is still being finalised, was originally designed to encourage Tesla to enter the market and manufacture locally but the US automaker backed off from those plans earlier this year.
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India's CCPA to Probe E-Scooter Maker Ola Electric Over Service, Product Standards
Last month, the Central Consumer Protection Authority (CCPA) sent Ola Electric a notice seeking an explanation from the SoftBank-backed company after the consumer rights agency received an unusually high 10,000 complaints.
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Xiaomi SU7 Ultra With HyperEngine V8s Electric Motors to Debut on October 29: Everything We Know
Xiaomi SU7 Ultra was first unveiled in July as the company’s latest prototype electric vehicle (EV). The Chinese company, which is primarily a maker of consumer-centric devices like smartphones and tablets, delved into the automotive industry earlier this year with the launch of the Xiaomi SU7. After months of testing, Xiaomi SU7 Ultra is all set...
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Brixton Crossfire And Cromwell Motorcycles Official Bookings Open In India
Brixton is an Austrian motorcycle maker set to launch four new products in November.
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Ola Electric's Dominance Fades as Country's E-Scooter Battle Intensifies
Ola Electric, which made its stock market debut about two months ago, sold 23,965 vehicles in September, recording a month-on-month decline for the second consecutive month.
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Mahindra Is The Best-Selling SUV Maker With 21.6 Percent SUV Market Share
The homegrown automaker is also reported to be perched at the top in LCV, Tractor and electric 3-wheeler segments
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Ola Electric to Launch IPO on August 2, Valuation Said to Be at Around $4.4 Billion
Ola Electric's IPO will open for retail subscription on August 2, the EV maker has confirmed via a regulatory filing. The stock offering is set to value the company between $4.2 billion to $4.4 billion, about 18.5% to 22% lower than in its last funding round in September, two people familiar with the matter told Reuters.
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Tesla CEO Elon Musk Faces Shareholder Lawsuit for Alleged $7.5 Billion Insider Trading
Tesla shareholder Michael Perry has filed a lawsuit accusing Tesla CEO Elon Musk of insider trading. The shareholder alleges that Musk sold over $7.5 billion of shares of the electric car maker in late 2022, before potentially disappointing production and delivery numbers were made public by the electric car maker. The lawsuit asks a US court to di...
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GTA 6 Maker Take-Two to Cut 5 Percent of Staff, Scrap Projects to Cut Millions in Annual Costs
Take-Two Interactive has announced it will lay off around 600 workers, or 5 percent of its workforce, while also scrapping several projects as the company looks to cut costs. The move to lay off workers and cut ongoing projects is expected to drive more than $165 million of annual cost savings, according to the firm.
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'Grand Theft Auto' Video Game Publisher Cuts Workforce, Shelve Some Games
Take-Two Interactive on Tuesday told US regulators it is trimming its workforce by five percent and eliminating some video games in production to cut costs.
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India Must Keep E-Scooter Subsidies to Boost Adoption, Ather CEO Says
India will need to keep subsidies for electric scooters for another few years to boost the switch from polluting motorbikes, the CEO of e-scooter maker Ather Energy told Reuters on Saturday.
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Elon Musk Denies Report Tesla Is Scrapping Less-Expensive Electric Car
Tesla CEO Elon Musk has denied a report that the electric car maker had called off plans for a less-expensive vehicle. First teased by Musk in September 2020 during a battery-related event staged by the company, Tesla's failure to deliver the car on time is proving costly.
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Xiaomi Launches SU7 Electric Car in China as Smartphone Maker Takes Aim at EV Giant Tesla
Chinese smartphone maker Xiaomi launched a sporty electric car on Thursday with styling cues drawn from Porsche and priced below Tesla's Model 3, highlighting the stiff competition from new entrants in an already crowded EV market in China.
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Xiaomi SU7 Price Teased by CEO Lei Jun Ahead of Official Launch
Xiaomi's CEO said on Monday his goal for the firm's first electric vehicle was that it would be the "best looking, easiest to drive and smartest car" priced below CNY 500,000 (roughly Rs. 57,93,508), as the Chinese electronics maker gears up for orders this week. The company will on Thursday evening announce its official price range and start takin...
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Foxconn Said to Have Approached Nissan to Take Controlling Stake
Hon Hai Precision Industry Co. has approached Nissan Motor Co. to take a controlling stake, a person with knowledge of the matter said. Foxconn, which has been investing heavily in factories to build electric vehicles, would be interested in the entirety of the maker of Pathfinders, Sentra sedans and GTR supercars.
-
Government Said to Expand EV Manufacturing Incentives After Tesla Disappointment
India plans to expand electric vehicle incentives to automakers building models at existing factories. India's EV policy, which is still being finalised, was originally designed to encourage Tesla to enter the market and manufacture locally but the US automaker backed off from those plans earlier this year.
-
India's CCPA to Probe E-Scooter Maker Ola Electric Over Service, Product Standards
Last month, the Central Consumer Protection Authority (CCPA) sent Ola Electric a notice seeking an explanation from the SoftBank-backed company after the consumer rights agency received an unusually high 10,000 complaints.
-
Xiaomi SU7 Ultra With HyperEngine V8s Electric Motors to Debut on October 29: Everything We Know
Xiaomi SU7 Ultra was first unveiled in July as the company’s latest prototype electric vehicle (EV). The Chinese company, which is primarily a maker of consumer-centric devices like smartphones and tablets, delved into the automotive industry earlier this year with the launch of the Xiaomi SU7. After months of testing, Xiaomi SU7 Ultra is all set...
-
Brixton Crossfire And Cromwell Motorcycles Official Bookings Open In India
Brixton is an Austrian motorcycle maker set to launch four new products in November.
-
Ola Electric's Dominance Fades as Country's E-Scooter Battle Intensifies
Ola Electric, which made its stock market debut about two months ago, sold 23,965 vehicles in September, recording a month-on-month decline for the second consecutive month.
-
Mahindra Is The Best-Selling SUV Maker With 21.6 Percent SUV Market Share
The homegrown automaker is also reported to be perched at the top in LCV, Tractor and electric 3-wheeler segments
-
Ola Electric to Launch IPO on August 2, Valuation Said to Be at Around $4.4 Billion
Ola Electric's IPO will open for retail subscription on August 2, the EV maker has confirmed via a regulatory filing. The stock offering is set to value the company between $4.2 billion to $4.4 billion, about 18.5% to 22% lower than in its last funding round in September, two people familiar with the matter told Reuters.
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Tesla CEO Elon Musk Faces Shareholder Lawsuit for Alleged $7.5 Billion Insider Trading
Tesla shareholder Michael Perry has filed a lawsuit accusing Tesla CEO Elon Musk of insider trading. The shareholder alleges that Musk sold over $7.5 billion of shares of the electric car maker in late 2022, before potentially disappointing production and delivery numbers were made public by the electric car maker. The lawsuit asks a US court to di...
-
GTA 6 Maker Take-Two to Cut 5 Percent of Staff, Scrap Projects to Cut Millions in Annual Costs
Take-Two Interactive has announced it will lay off around 600 workers, or 5 percent of its workforce, while also scrapping several projects as the company looks to cut costs. The move to lay off workers and cut ongoing projects is expected to drive more than $165 million of annual cost savings, according to the firm.
-
'Grand Theft Auto' Video Game Publisher Cuts Workforce, Shelve Some Games
Take-Two Interactive on Tuesday told US regulators it is trimming its workforce by five percent and eliminating some video games in production to cut costs.
-
India Must Keep E-Scooter Subsidies to Boost Adoption, Ather CEO Says
India will need to keep subsidies for electric scooters for another few years to boost the switch from polluting motorbikes, the CEO of e-scooter maker Ather Energy told Reuters on Saturday.
-
Elon Musk Denies Report Tesla Is Scrapping Less-Expensive Electric Car
Tesla CEO Elon Musk has denied a report that the electric car maker had called off plans for a less-expensive vehicle. First teased by Musk in September 2020 during a battery-related event staged by the company, Tesla's failure to deliver the car on time is proving costly.
-
Xiaomi Launches SU7 Electric Car in China as Smartphone Maker Takes Aim at EV Giant Tesla
Chinese smartphone maker Xiaomi launched a sporty electric car on Thursday with styling cues drawn from Porsche and priced below Tesla's Model 3, highlighting the stiff competition from new entrants in an already crowded EV market in China.
-
Xiaomi SU7 Price Teased by CEO Lei Jun Ahead of Official Launch
Xiaomi's CEO said on Monday his goal for the firm's first electric vehicle was that it would be the "best looking, easiest to drive and smartest car" priced below CNY 500,000 (roughly Rs. 57,93,508), as the Chinese electronics maker gears up for orders this week. The company will on Thursday evening announce its official price range and start takin...
