Automobile Companies

Tesla CEO Elon Musk said late Wednesday that the electric vehicle company's shareholders were voting to approve his multibillion-dollar pay package by "wide margins" before the ballot had been concluded.

Five people have been booked after condoms, gutkas and stones were allegedly found in samosas supplied to a major automobile company based in Pimpari Chinchwad in Pune, police said on Monday.

Tata Motors, India's largest automobile company, on Wednesday signed a Memorandum of Understanding (MoU) with the government of Tamil Nadu to explore setting-up of a vehicle manufacturing facility in the state.

ChatGPT launched last year and took over the world as the most popular AI chatbot. Now, Stellantis-owned DS Automobiles has marked a new feat in this world of artificial intelligence by integrating ChatGPT with its vehicles. With this, DS Automobiles became the first auto company to integrate AI chatbot commands into vehicles.

While the automobile company did not offer an immediate comment, it had said on Tuesday that they were "extending all cooperation" to the ED.

Anand Mahindra, the chairperson of Mahindra and Mahindra, has hinted in a tweet at a future where Bitcoin could come in handy to purchase a car from the company. Replying to a follower who asked if a Mahindra car could be purchased via Bitcoin payment, the company chief said, “Not yet. But maybe bit by bit in the future,”.

China's Huawei Technologies is partnering with Chery Automobile, BAIC Motor and Anhui Jianghuai Automobile Group in jointly developing and manufacturing Aito-branded vehicles, the company's senior executive announced at the China EV 100 forum in Beijing on Saturday. The Chinese technology conglomerate is working to expand its presence in the auto ...

Auto components maker Lifelong Group on Wednesday said it has acquired stressed automobile after-sales service startup GoMechanic for an undisclosed amount. The GoMechanic business has been acquired by the Lifelong Group as the majority shareholder under Servizzy consortium, the Delhi-based firm said in a statement.

Auto ancillary stocks are a perfect proxy play on the revival of the automobile sector.

Ola's Bhavish Aggarwal wants his company Ola Electric Mobility to displace Elon Musk’s Tesla and China’s BYD as the industry leader for electric vehicles by carving out a niche in lower cost designs in India. Aggarwal told Bloomberg he wants to build companies with lasting impact, even if that means rubbing some people the wrong way. He said In...

A popular automobile company was allegedly duped of over Rs 1 crore by a fraudster who sent fake messages to the firm's chief financial officer in the name of its vice chairman and got the money transferred in seven bank accounts, police said.

Ford Motor Company has filed for 19 trademark applications, looking to venture into the NFT sector. The car-maker may soon launch virtual avatars of its famous brands, including Mustang, Bronco, Lincoln, Explorer, and F-150 Lightning, among others. Mike Kondoudis, an attorney lawyer with the USPTO, has shared screenshots of Ford’s filings on Twit...

Ford could cut thousands of jobs as part of the company’s efforts to transition to electric vehicles (EVs), according to a report by the Wall Street Journal. The automobile manufacturer could cut over 4,000 jobs in the coming weeks, according to the report, while Bloomberg reports that as many as 8,000 jobs could be affected. The company is sched...

Tesla exceeded Wall Street expectations from April through June with a better-than-expected $2.26 billion (roughly Rs. XXX crore) net profit for the quarter. The Texas-based company's second-quarter profit fell 32 percent from record levels in the first quarter. Experts note that the decrease in automobile revenues from the first quarter was offset...

Hyundai Motor announced on Tuesday that it would open its first automobile plant in South Korea in almost three decades, revealing plans to build a dedicated electric vehicle (EV) factory in the country. Production is due to begin in 2025 based on a pledge that the company made in wage negotiations, according to the company’s union. The Hyundai M...

Tesla CEO Elon Musk said late Wednesday that the electric vehicle company's shareholders were voting to approve his multibillion-dollar pay package by "wide margins" before the ballot had been concluded.

Five people have been booked after condoms, gutkas and stones were allegedly found in samosas supplied to a major automobile company based in Pimpari Chinchwad in Pune, police said on Monday.

Tata Motors, India's largest automobile company, on Wednesday signed a Memorandum of Understanding (MoU) with the government of Tamil Nadu to explore setting-up of a vehicle manufacturing facility in the state.

ChatGPT launched last year and took over the world as the most popular AI chatbot. Now, Stellantis-owned DS Automobiles has marked a new feat in this world of artificial intelligence by integrating ChatGPT with its vehicles. With this, DS Automobiles became the first auto company to integrate AI chatbot commands into vehicles.

While the automobile company did not offer an immediate comment, it had said on Tuesday that they were "extending all cooperation" to the ED.

Anand Mahindra, the chairperson of Mahindra and Mahindra, has hinted in a tweet at a future where Bitcoin could come in handy to purchase a car from the company. Replying to a follower who asked if a Mahindra car could be purchased via Bitcoin payment, the company chief said, “Not yet. But maybe bit by bit in the future,”.

China's Huawei Technologies is partnering with Chery Automobile, BAIC Motor and Anhui Jianghuai Automobile Group in jointly developing and manufacturing Aito-branded vehicles, the company's senior executive announced at the China EV 100 forum in Beijing on Saturday. The Chinese technology conglomerate is working to expand its presence in the auto ...

Auto components maker Lifelong Group on Wednesday said it has acquired stressed automobile after-sales service startup GoMechanic for an undisclosed amount. The GoMechanic business has been acquired by the Lifelong Group as the majority shareholder under Servizzy consortium, the Delhi-based firm said in a statement.

Auto ancillary stocks are a perfect proxy play on the revival of the automobile sector.

Ola's Bhavish Aggarwal wants his company Ola Electric Mobility to displace Elon Musk’s Tesla and China’s BYD as the industry leader for electric vehicles by carving out a niche in lower cost designs in India. Aggarwal told Bloomberg he wants to build companies with lasting impact, even if that means rubbing some people the wrong way. He said In...

A popular automobile company was allegedly duped of over Rs 1 crore by a fraudster who sent fake messages to the firm's chief financial officer in the name of its vice chairman and got the money transferred in seven bank accounts, police said.

Ford Motor Company has filed for 19 trademark applications, looking to venture into the NFT sector. The car-maker may soon launch virtual avatars of its famous brands, including Mustang, Bronco, Lincoln, Explorer, and F-150 Lightning, among others. Mike Kondoudis, an attorney lawyer with the USPTO, has shared screenshots of Ford’s filings on Twit...

Ford could cut thousands of jobs as part of the company’s efforts to transition to electric vehicles (EVs), according to a report by the Wall Street Journal. The automobile manufacturer could cut over 4,000 jobs in the coming weeks, according to the report, while Bloomberg reports that as many as 8,000 jobs could be affected. The company is sched...

Tesla exceeded Wall Street expectations from April through June with a better-than-expected $2.26 billion (roughly Rs. XXX crore) net profit for the quarter. The Texas-based company's second-quarter profit fell 32 percent from record levels in the first quarter. Experts note that the decrease in automobile revenues from the first quarter was offset...

Hyundai Motor announced on Tuesday that it would open its first automobile plant in South Korea in almost three decades, revealing plans to build a dedicated electric vehicle (EV) factory in the country. Production is due to begin in 2025 based on a pledge that the company made in wage negotiations, according to the company’s union. The Hyundai M...