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...The company’s fleet consists of EVs made by Indian conglomerate Tata; MG Motor India, a subsidiary of Chinese carmaker SAIC Motor; and BYD, a Chinese rival to Tesla that has embarked on an aggressive international...
...India’s government has set targets to increase the proportion of electric motor sales to 30 per cent of all private cars and 80 per cent of two and three-wheelers by 2030, a large jump from current market...
...Other creditors include Savills, LinkedIn, Amazon Web Services, and an immigration agency....
...Then, last week, fellow start-ups Rivian and Lucid Motors also announced lacklustre results, sending their shares tumbling....
...Tata Motors is the top-selling EV brand in India’s small market for battery-powered vehicles, followed by Chinese-owned MG Motor and Indian brand Mahindra....
...The share of electric cars sold in the UK declined for the first time in 2023, down to 16.5 per cent from 16.6 per cent in 2022, according to figures released by the Society of Motor Manufacturers and Traders...
...Nikola will not support a slate of board nominees proposed by its founder Trevor Milton, putting a dent in his plan to regain influence over the troubled electric truck start-up after he was convicted of...
...It is the second-largest domestic producer of industrial robots and an important maker of motors and other components for electric vehicles....
...“Toyota doesn’t do this stuff out of the kindness of their hearts,” said Paul Hohenshell, a production worker with 25 years of service....
...More auto news: Tesla will this month send a team to scout locations in India for a proposed $2bn-$3bn electric car plant, according to two people with direct knowledge of the electric vehicle company’s...
...In total, 20 per cent of UK motor mechanics, or 45,300 people, are now also officially qualified to work on EVs....
...For example, US carmaker General Motors has committed to selling only electric vehicles by 2035, presenting its legal team with many challenges....
...The company has sought to capitalise on the shift to electric cars by developing ultrarapid charging hubs for these types of vehicles....
...The California Department of Motor Vehicles had already ordered Cruise to take its driverless cars off the roads....
...A review of motor finance commissions has roiled lenders in that market this year, something Lex has written about here....
...The expected service revenues of €5bn are included in its 2030 revenue target....
...Utilities have long been dependable motors of Warren Buffett’s Berkshire Hathaway conglomerate, turning out steady profits at rates of return approved by regulators....
...Separately, India’s government signed off on a plan to lower import taxes on some higher-priced, imported electric vehicles....
...Another point of tension has been the automobile industry’s transition towards electric vehicles....
...Yet according to Institute of the Motor Industry data, only 39,000 of 168,600 vehicle technicians in the UK are qualified to maintain electric vehicles....
...US proxy advisers Glass Lewis and Institutional Shareholder Services have also repeatedly pushed for Japanese companies to reduce their cross-shareholdings....
...Its driverless vehicles have been operating in certain US cities including San Francisco as a taxi service....
...Tucked in Brooklyn’s edgy East Williamsburg neighbourhood there is now a Rivian service centre. Across town, the electric-truck maker has opened a high-end showroom in New York’s Meatpacking District....
...About 130 mechanics in Sweden, who belong to the IF Metall union and service the electric cars, went on strike last month after Tesla turned down their request for collective bargaining....
...Other earnings: Coca-Cola, Verizon, General Electric, RTX, 3M, General Motors, Kimberly-Clark, Spotify and Halliburton will report before the bell....
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