Category: Auto

Lawyers for Tesla shareholders on Tuesday urged a Delaware judge to invalidate the 2018 compensation package awarded to CEO Elon Musk by the company’s board of directors, which could be worth more than $55 billion (about Rs 4,55,600 crore). Lawyers for shareholders argued that the compensation package should be invalid because it was determined by…

Mercedes-Benz said on Wednesday it had partnered with Google to develop branded navigation for its new MB.OS operating system as the automaker seeks more control over vehicle technology. The system will equip Mercedes-Benz vehicles with Google traffic information and automatic rerouting, and allow drivers to watch YouTube through the car’s entertainment system while parked or…

Tata Motors has started talks with sovereign wealth funds and private equity investors to raise up to $1 billion (approximately Rs 8,277 crore) by selling a stake in its electric vehicle (EV) business, The Economic Times reported on Thursday, citing sources. The company plans to sell a large minority stake, valuing it at about $10.5…

Elon Musk is about to release the third iteration of his Tesla “master plan,” which he’s apparently been working on for nearly a year. Why would he bother? The original master plan, published on a blog in 2006 (four years before Tesla went public), reads like standard Silicon Valley bootstrapping pitch: sell expensive cars to…

Nissan on Monday raised its electric vehicle sales target and said it would boost U.S. powertrain production to catch up in a segment dominated by emerging automakers such as Tesla Inc. The Japanese automaker became a pioneer in the electric vehicle (EV) space with its all-battery-powered Leaf, but it joins many legacy automakers in the…

Tesla will cut the assembly costs of future generations of cars in half, engineers told investors on Wednesday, but Chief Executive Elon Musk did not say when he would launch a much-anticipated affordable electric car. The company’s shares fell more than 5% in after-hours trading following an investor day event at the company’s Texas headquarters….

Major Apple supplier Foxconn said on Saturday it was looking to collaborate with India in new areas such as chips and electric vehicles (EVs) following a visit by Chairman Liu Yongwei to the country. Apple has been shifting production away from China after the country’s strict COVID-19 restrictions disrupted manufacturing of new iPhone models and…

A report by economic think tank GTRI said that electric vehicle (EV) manufacturing in India will increase its dependence on China for raw materials, mineral processing and battery production. The Global Trade Research Initiative (GTRI) also said that a life cycle impact assessment of the electric vehicle industry is needed. The report said that electric…

Indian Formula 1 fans have been able to watch F1 races live on Star Sports for years and even on the Hotstar app in recent years. However, 2023 is set to see a major overhaul of the system, with Star (and Disney+ Hotstar) choosing not to renew F1’s broadcast and streaming rights in India due…

Tesla CEO Elon Musk said on Tuesday that the next generation of small cars the company is developing will operate primarily in autonomous mode, similar to a promise he made in 2020. On Tuesday, he said there was a clear path to delivering a car that costs half as much as Tesla’s Model 3 sedan,…