Report identifies leaders, laggards in e-vehicle transition
New Delhi, May 31 (IANS) A new report from the International Council on Clean Transportation (ICCT) on Wednesday rated how effectively the world's 20 largest auto manufacturers are...
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Volkswagen COO says automaker will not join discount battle in China 'at any price'
Volkswagen (ETR:VOWG_p) Chief Operating Officer Ralf Brandstaetter said in an interview released Wednesday that the German automaker would not participate in a discount battle in China "at...
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Tesla Model Y becomes 1st EV to earn world's best-selling car tag
New Delhi, May 27 (IANS) Tesla (NASDAQ:TSLA) Model Y has become the first all-electric vehicle to be billed as the world's bestselling car, a report has shown.Tesla Model Y surpassed...
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Top S.Korean mobile carriers fined $25.4 mn for false ads on 5G speed
Seoul, May 24 (IANS) South Korea's antitrust regulator said on Wednesday it has decided to fine the country's three mobile carriers a combined 33.6 billion won ($25.4 million) for their...
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China becomes world's biggest exporter of cars after overtaking Japan
Beijing, May 19 (IANS) China said that it has become the world's biggest exporter of cars after overtaking Japan in the first three months of the year.China exported 1.07 million vehicles in...
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Russian authorities allow car dealer Avilon to buy VW assets - Interfax
Investing.com -- Russian authorities have signed off on a sale of Volkswagen's (ETR:VOWG_p) assets in the country to car dealer Avilon for as much as €125 million, according to news agency...
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BYD cuts starting price for Seal EV in bid to extend market lead over Tesla
Chinese automaker BYD Co (OTC:BYDDY) cut the starting price of its best-selling Seal sedan by 10% on Wednesday as the electric vehicle maker aims to extend its lead in the world's largest...
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'We are not setting up a joint venture', VW and Bosch cancel plans for battery cells
Bosch announced Thursday along with German carmaker, Volkswagen (ETR:VOWG_p) that the two companies have canceled their plans to create a joint venture to equip battery cell factories. The...
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Samsung SDI net profit up 28% on robust EV battery demand
Seoul, April 28 (IANS) Samsung (KS:005930) SDI said its first-quarter net profit rose 28 per cent from a year earlier as surging demand for electric vehicle (EV) batteries gave a boost to...
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BYD posts fivefold jump in 1Q profit
Chinese electric automaker BYD (OTC:BYDDY) posted a fivefold jump in its first-quarter profit on Thursday. Net profit for the first three months of the year was 4.13 billion yuan (CNY 1 =...
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Global connected car sales grew 12% in 2022, Volkswagen leads: Report
New Delhi, April 26 (IANS) The global connected car sales grew 12 per cent (year-on-year) in 2022, with the share of connected cars in the overall car sales exceeding 50 per cent, a new...
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Hyundai, SK On to build $4.9 bn EV battery plant in US
Seoul, April 25 (IANS) Hyundai Motor Group said on Tuesday it will build a 6.5 trillion-won ($4.9 billion) electric vehicle (EV) battery plant in the United States with SK Group's battery...
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Hyundai to invest $18.2 bn in EV production by 2030
Seoul, April 11 (IANS) Hyundai Motor Group said on Tuesday it will invest 24 trillion won ($18.2 billion) in its domestic electric vehicle (EV) production facilities and other EV projects by...
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Tesla remains EV market leader in US with over 50% share
San Francisco, April 5 (IANS) Elon Musk-run Tesla (NASDAQ:TSLA) remains the market leader in the electric vehicle (EV) market in the US with more than 50 per cent share, selling more cars...
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Tesla urges Model 3 buyers to 'take delivery' before expected tax credit reduction
By Scott Kanowsky Investing.com -- Tesla Inc (NASDAQ:TSLA) is encouraging its customers to "take delivery now" of its popular Model 3 electric vehicle before an expected decline in a tax...
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Volkswagen down after Stifel downgrade, citing lack of catalysts
By Geoffrey Smith Investing.com -- Volkswagen (ETR:VOWG_p) stock fell to a 2023 low on Friday after analysts at Stifel took an ax to their target price for the German carmaker, saying it...
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Nio surges as CFO is 'very confident' in 250K vehicle sales target
By Michael Elkins Shares of Nio Inc (NYSE:NIO) are up 2.80% in premarket trading on Wednesday following comments by CFO Steven Feng where he said the company is “very confident” of meeting...
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Indian companies need to reduce corporate flying emissions: Report
New Delhi, March 15 (IANS) The majority of Indian companies are failing to set ambitious targets to reduce corporate travel emissions, revealed a ranking on business travel by The Travel...
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Volkswagen unveils new €180B investment plan as part of electrification push
By Scott Kanowsky Investing.com -- Volkswagen AG VZO O.N. (ETR:VOWG_p) outlined a sweeping €180 billion (€1=$1.0708) plan to invest in battery production and boost performance in key auto...
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German Transport Minister 'unhappy' with proposed EU combustion engine ban
Berlin, March 1 (IANS) Germany's Transport Minister Volker Wissing has expressed reservations regarding a planned ban on new cars with internal combustion engines in the European Union (EU)...
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Student from Kerala dies in UK car crash
London, Feb 27 (IANS) A 28 year-old Indian student from Kerala died on the spot after being hit by a car which crashed into a bus stop in UK. Athira Anilkumar Laly Kumari was pronounced dead...
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Commerzbank rises as Germany's No. 2 lender returns to DAX index
By Scott Kanowsky Investing.com -- Shares in Commerzbank AG (ETR:CBKG) rose on Monday after the German lender re-entered the DAX index, replacing chemicals giant Linde...
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Volkswagen recalls 21K electric SUVs over faulty battery software
San Francisco, Feb 8 (IANS) German automaker Volkswagen (ETR:VOWG_p) has recalled nearly 21,000 of its 'ID.4' electric SUVs over faulty battery software that could lead to a "loss of...
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GitHub crosses 100 mn developers, over 10 mn in India alone
New Delhi, Jan 26 (IANS) Microsoft-owned open source developer platform GitHub has reached 100 million members globally, and is growing fast in India too where it has crossed 10 million...
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Sikh found guilty of murdering father of four in UK
London, Jan 22 (IANS) Two men, including a 25-year-old Sikh, have been convicted of murdering a father of four children in a drive-by shooting in England last year, police said. Gurdeep...
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Tesla pushes delivery window in Germany following price cuts
By Michael Elkins One week after slashing prices by between 4% and 12% on their Model 3 vehicles, electric vehicle maker, Tesla (NASDAQ:TSLA) has pushed delivery windows back by one month...
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U.S. CPI, Disney's Peltz fight, FTX cash - what's moving markets
By Geoffrey Smith Investing.com -- The U.S. releases consumer inflation data for December (China's inflation numbers released overnight scarcely moved the dial). Stocks are treading water...
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S.Korean EV battery makers' market share dips in 2022
Seoul, Jan 4 (IANS) Three South Korean electric vehicle (EV) battery makers saw their global market share sink in the first 11 months of 2022 from a year earlier amid robust growth of...
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Inflation, China's COVID bounce, teetering crypto: what'll move markets in 2023
By Geoffrey Smith Investing.com -- First the good news: 2022, a nightmare year for both stocks and bonds, is nearly over. Now the bad news: while 2023 is likely to be better, it won’t...
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Porsche shares climb after sportscar maker enters blue-chip German index
By Scott Kanowsky Investing.com -- Shares in Porsche AG (ETR:P911_p) rose on Monday after the sportscar maker formally joined Germany's blue-chip DAX stock index 81 days after its initial...
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IPOs to Hit D-Street in the Week Ahead: Sula Vineyards & More
By Malvika Gurung Investing.com -- The week starting Dec 11, 2022, is packed with three initial public offerings (IPO) listings on the domestic market, with the country’s largest winemaker...
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Domino's to roll out electric pizza delivery fleet with Chevy Bolts in US
San Francisco, Nov 22 (IANS) Pizza restaurant chain Domino's has announced that it will roll out more than 800 electric pizza delivery vehicles with Chevy Bolts, for electrifying pizza...
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Tesla’s Model Y Tops Europe’s New Car Sales for the First Time
(Bloomberg) -- Tesla's (NASDAQ:TSLA) Model Y was Europe’s best-selling car in September, zipping past some of the regions most popular combustion-engines models as battery-powered vehicles...
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Ford, Volkswagen-backed driverless startup Argo AI to shut down
San Francisco, Oct 27 (IANS) Ford and Volkswagen-backed self-driving startup Argo AI, which came into the scene in 2017 with a $1 billion investment, is reportedly shutting down.As reported...
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5G-ready car sales cross 500K first time ever globally
New Delhi, Oct 7 (IANS) The connected car penetration surpassed that of non-connected cars for the first time ever globally, capturing almost 50.5 per cent share in the second quarter (Q2)...
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Internal Tesla Report Forecasts 4Q Output Jump and Growth Through 2023
By Michael Elkins A report by Reuters Friday, citing internal plans, shows that electric vehicle company, Tesla (NASDAQ:TSLA) plans to push global production of its top-selling Model Y and...
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Truist Initiates QuantumScape with Hold Rating
By Michael Elkins Truist Securities initiated coverage of QuantumScape Corporation (NYSE:QS) with a Hold rating and $10.00 price target. Truist believes that the electric vehicle battery...
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8 automakers to recall over 1 lakh vehicles over faulty parts
Seoul, Sep 28 (IANS) Kia, Toyota Motor and six other companies will voluntarily recall more than 100,000 vehicles to fix faulty components, the transport ministry said on Wednesday. The...
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Powell Speech, Consumer Confidence, Nord Stream Leaks - What's Moving Markets
By Geoffrey Smith Investing.com -- Bond markets are calmer, waiting to see if they can scare Federal Reserve Chair Jerome Powell into a more accommodating monetary policy. The pound is also...
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Volkswagen ID. Buzz Cargo Wins 2023 International Van of the Year Award
By Michael Elkins The Volkswagen (ETR:VOWG_p) ID. Buzz Cargo van has been crowned the international van of the year for 2023. Carsten Intra, Chief Executive Officer of Volkswagen Commercial...
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Porsche valued at up to $75bn in share sale
Frankfurt, Sep 19 (IANS) German car making giant Volkswagen (ETR:VOWG_p) (VW) has said it is aiming for a valuation of up to 75 billion euro ($75 billion) for Porsche when the luxury brand...
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Biden on Taiwan, NAHB Survey, Crypto Slump - What's Moving Markets
By Geoffrey Smith Investing.com -- U.S. President Joe Biden again warns China that U.S. forces would defend Taiwan in the case of an "unprecedented attack". The U.K. closes its markets as...
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European Stocks Lower; Caution Ahead of Federal Reserve Meeting
By Peter Nurse Investing.com - European stock markets weakened Monday, with investors wary ahead of a series of central bank meetings this week, including the Federal Reserve, which are...
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EU New Car Sales Rise for First Time in 13 Months in August - ACEA
By Scott Kanowsky Investing.com -- European new car registrations returned to growth in August, ending thirteen straight months of declines, but remain below pre-pandemic levels as supply...
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Volkswagen Shares Rise After Porsche AG IPO Plans Confirmed
By Scott Kanowsky Investing.com -- Shares in Volkswagen (ETR:VOWG_p) AG (ETR:VOWG) rose on Tuesday after the German automaking giant confirmed plans to pursue a massive initial public...
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