Foxconn, an Apple lead assembler and depends on Apple for 50 per cent of its revenue, is venturing into electric cars with Fiat, Chrysler Automobiles. Hon Hai, Precision Industry, as the world’s largest contract manufacturer is in talks to set up a business the Italian-American carmaker both holding 50 per cent stake, to make cars…
Korean manufacturers, Hyundai and Kia have invested €100m into electric-vehicle start-up Arrival with a €3bn price tag in one of the largest investments in Britain’s motor industry since the Brexit vote to leave the EU in 2016. “This will lead to significant collaboration this is far more than just an investment” Avinash Rugoobur, Arrival’s chief…
Carlos Ghosn was the chairman of Nissan, the man credited with saving the Japanese carmaker from potential bankruptcy and also CEO of the French carmaker Renault and the driving force behind a global alliance between the two along with the smaller manufacturer Mitsubishi they made up a motor industry group that sold more than 10…
China’s Geely has held talks with Aston Martin investors and management and is conducting due diligence as the talks may lead to a technology partnership rather than investment in the UK group. Geely which also owns Britain’s Lotus and Sweden’s Volvo, as well as Germany’s Daimler, is one of the several groups in talks about…
Amazon and Google have hired lots of floor space at CES to spotlight products that tie into their virtual assistants. LG display says it has a 65in ceiling mounted screen that can be rolled up when not in use. Min-LED involves using smaller light-emitting diodes than normal to illuminate a screen’s colour pixels which allowed…
Tesla’s share prices which nearly halved in the opening months of 2019 have since rebounded 140 per cent to value over $80bn. In the latest quarter, Tesla has delivered over 367, 500 cars in 2019 up 50 per cent from the previous year and topped all Wall Street expectations. Shares in the company surged 5.5…
Carlos Ghosn, a Brazilian born French businessman of Lebanese ancestry, who served as the CEO of Michelin North America, Chairman, and CEO of Renault chairman of AvtoVAZ chairman and CEO of Nissan and chairman of Mistubishi Motors Fled from Japan by using one of the 2 French passports and Lebanese ID, entered Lebanon, confirmed by…
Elon Musk blamed the embarrassing launch incident on the order in which a demonstration had taken place. The Cybertruck was first struck with a sledgehammer in what appeared to be a successful demonstration of its armor body’s strength which developed an unseen crack which had subsequently led to the windows smashing when they had been…
Tesla’s CEO Elon Musk branded the laser scanning system Lidar ( light detection and ranging) which is being touted as the best way for autonomous cars to sense their environment. In April he said, Lidar was expensive and unnecessary as he believes that cameras combined with artificial intelligence will be enough to allow cars to…
Elon Musk announced that Tesla would build its first European production plant in Grünheide, a small town south-east of Berlin, near its new international airport, prompted Peter Altmaier, economics minister to say “further proof of how attractive Germany is as a place to make cars”, and was a “milestone” on Germany’s path towards electro-mobility. The…