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BUSINESS

GM's Cruise Seeks Regulatory OK to Test Shuttle With No Steering Wheel

Business, Published on 03/12/2022

» General Motors Co.'s driverless-car unit has requested approval from California regulators to begin public testing of a shuttle that has no steering wheel or manual controls, showing the auto maker's determination to make progress on autonomous vehicles as rivals step back.

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BUSINESS

3 ways to advance the EV industry in 1 year

Asia focus, Published on 11/07/2022

» The verdict is in: the future is electric. Global electric vehicle (EV) sales are projected to soar to 31.2 million units by 2030, compared with 2.5 million in 2020, according to the consultancy Deloitte. It sees EVs making up 32% of all motor vehicle sales by 2030, and other industry analysts estimate that by 2040, electric cars will outsell internal-combustion engine (ICE) models.

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BUSINESS

Luxury Car Makers Drive Formula One to Survive

Business, Published on 27/06/2022

» Formula One motor racing might be just the kind of noisy marketing tool luxury car makers need in the hush of the electric era.

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BUSINESS

Volvo Cars Announces IPO Plan That Could Value It at $25 Billion

Business, Published on 06/10/2021

» Volvo Cars, the Swedish auto maker owned by China's Zhejiang Geely Holding Group, said Monday it would proceed with an initial public offering in Stockholm, in a deal that people familiar with the matter say could value it at upward of $25 billion.

BUSINESS

Musk Says He Once Approached Apple CEO About Buying Tesla

Business, Published on 24/12/2020

» Tesla Inc.'s effort to bring out its Model 3 brought the electric car company near collapse in 2018. Now Chief Executive Elon Musk has divulged a new twist: He says he contacted his Apple Inc. counterpart, Tim Cook, to save his company.

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BUSINESS

Volvo's Polestar joins electric car race with rival to Tesla 3

Business, Published on 01/03/2019

» STOCKHOLM: Volvo Cars' luxury performance brand Polestar unveiled its first fully electric sedan on Wednesday, opening up online pre-orders for the five-seater fastback at a price and with a driving range to rival Tesla Inc's mass market Model 3.

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BUSINESS

Big wheel

Asia focus, Erich Parpart, Published on 17/09/2018

» Jeremy Clarkson, the outspoken former host of the hit BBC show Top Gear, once observed that a Lamborghini is for "people who want to move about in a big pantomime, massive West End musical full of colour and noise, and to hell with how fast you can go around the corner".

BUSINESS

Beijing auto show opens in world's largest market

AFP, Published on 25/04/2018

» BEIJING: Global carmakers will take the stage in Beijing on Wednesday with new car models to woo the world's largest auto market as China promises to liberalise the industry.