The $5 billion plant in the county of Somerset, southwest England, will be Tata’s first so-called gigafactory outside India
Automakers
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Automakers
Toyota seeks 21% cut in hybrid car taxes in India
India taxes EVs at just 5%, while the levy on hybrids is as high as 43%, just below the 48% imposed on petrol cars
Automakers
Tata Group set to choose UK for new EV battery plant: Report
The UK government’s reported plans to provide subsidies worth hundreds of millions of pounds to Tata for the battery plant seems to have clinched the deal for the country
Automakers
Mercedes-Benz to offer exclusive navigation system based on Google
The two giants have signed a long-term strategic partnership to drive innovation and create the next-generation digital luxury car experience
Abu Dhabi Investment Authority
Tata Motors lines up suitors from GCC for stake in EV business: Report
The company eyes raising up to $1 billion through the equity sale and will use the bulk of proceeds to retire a part of its outstanding debt
Automakers
Toyota remains No.1 carmaker in world for third straight year
The key issue facing Toyota and other carmakers this year is the spectre of weakening global demand
Automakers
TATA Motors breaks the price barrier again…offers latest EV car for $10,300
Tiago EV comes with two battery options with range of 315 and 250 kilometers; it will have four charging options and accelerate from 0-60 kmph in 5.7 seconds
Automakers
Video: Autonomous vehicles coming to the UAE soon, says minister
UAE Minister of State for Artificial Intelligence Omar Al Olama discusses kick starting the Dubai economy with its first “in person” conference since the pandemic, the government restructuring and his outlook for autonomous vehicles in the region.
Automakers
Video: The rise of Ferrari
In May 2020, Italian supercar maker Ferrari soared to a $30 billion market value, beating the top three major US automakers. Compared to GM, Ford, and Fiat-Chrysler, Ferrari is a small carmaker known for limiting production and only makes about 10,000 units per year.
Automakers
Video: The race to get more self-driving cars on the road is moving slowly
Getting self-driving cars on the road is taking longer than promised. But analysts expect them to mature quickly over the next decade.
American automaker
Video: Why Tesla is better positioned to survive than other automakers
The coronavirus pandemic has crushed the global economy, and a recession is inevitable in the US as the Federal Reserve warns the second quarter will be much worse than Q1.
Automakers
Video: Which automakers can seriously challenge Tesla?
Several major automakers are making big bets on electric vehicles.
automaker
Fiat withdraws proposal for Renault merger
The carmaker said that “political conditions” in France make a merger impossible
Automakers
EU draws red line for Trump on cars, calling quotas a no-go
The European Union vowed to reject any US push to curb imports of EU cars and auto parts, highlighting the risk of greater transatlantic trade tensions.
EU trade chiefs on Monday dismissed an idea floated by President Donald Trump earlier this month of fixing quotas on European automotive exports to the US He claimed such shipments […]
Automakers
Nissan looks to be number one in Gulf, Egypt by 2022
Nissan plans to increase its market share to more than 20 percent by 2022 in the Gulf, according to Peyman Kargar, chairman of Nissan in Africa, the Middle East and India
Automakers
Video: Tesla surges on report Saudi wealth fund is building $2bn stake
Tesla Inc. surged to the highest intraday in more than a month after the Financial Times reported that Saudi Arabia’s sovereign wealth fund has built a roughly $2 billion stake in the electric-car maker.
Automakers
Saudi invests $2bn in Tesla as founder Elon Musk mulls taking it private
At $420 a share, Tesla would have an enterprise value of about $82 billion including debt