Tag: industry
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Is VW CEO Herbert Diess On The Chopping Block? VW Mediation Committee To Discuss His Future, Says Report
Volkswagen share prices have fallen 4.7 percent following a report that Volkswagen CEO Herbert Diess could have an uncertain future with the company. Diess had previously claimed, during a board meeting, that 30,000 jobs were at risk if there was a delay in the transition to EVs. And, after lower-than-expected third-quarter earnings, he told analysts that…
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Dutch Forensic Investigators Decrypt Tesla Driving Data, Revealing Treasure Trove Of Info
Tesla’s driving data storage system has been decrypted, claims the Dutch government’s forensic lab. Long kept from others, the information gives the lab access to considerably more information than it previously knew existed. Although it has long been known that Teslas record driving data and some data has historically been presented to investigators after accidents,…
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Tesla Moving HQ To Texas, Cybertruck Still A Year Away, Says Musk
Tesla is moving its HQ to Austin, Texas, CEO Elon Musk has announced at the company’s annual shareholder meeting. The EV-maker already has a factory under construction in Austin that will manufacture both the Model Y and the Cybertruck, and held the shareholder meeting there, rather than in Palo Alto. The news wasn’t totally unexpected.…
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Automakers’ Stocks Are Still Climbing Even As Sales Fall. Confused?
Car sales have tumbled around the world as the global shortage of computer chips forces carmakers to reduce production, and in some cases stop it altogether. So you might expect that kind of bleak picture to send the stock prices of automakers plunging in response. But that’s not what’s happening. In fact, the opposite is…
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Tesla Breaks Ground At Battery-Manufacturing Plant In California
Tesla has broken ground on a new production facility in California that will focus on producing the company’s large Megapack battery system. The new factory is located in the Northern California city of Lathrop, not too far from Tesla’s existing factory in Fremont, California. Tesla also operates a 870,000-square-foot distribution center in Lathrop. Tesla’s Megapack…
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Tesla Wants Bigger Penalties For Carmakers That Don’t Meet Fuel Economy Requirements
Tesla is urging the Biden administration to hike civil penalties for car manufacturers that fail to meet fuel economy requirements. The National Highway Traffic Safety Administration (NHTSA) issued a notice on August 18 that it could impose higher penalties for prior model years to car manufacturers that couldn’t meet fuel efficiency requirements. Before it does…
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Toyota And Honda Oppose Proposed U.S. Bill That Would Favor Union-Made EVs
Following a new proposal in the U.S. House of Representatives aimed at increasing the scope of tax incentives for EV buyers, Toyota and Honda have publicly criticized a measure that would add another $4,500 in incentives for union-made vehicles. Although both Toyota and Honda operate manufacturing plants in the U.S., neither they nor any other…
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Daimler CEO Believes Chip Shortage Could Extend Into 2023
Daimler chief executive Ola Kallenius has suggested that the automotive industry could continue to encounter semiconductor shortages into 2023. Speaking to reporters during a round table event ahead of the Munich Motor Show, Kallenius indicated that the effects of the shortage will continue to be felt for quite some time, Auto News reports. “Several chip…
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Indian digitalisation cautioned of carbon footprint
Global digitalisation is growing, estimated to reach USD2.4 trillion by 2024 from 2019-level, but experts warned of its carbon footprint, adding that there are useful lessons for Co2-proponent in India, where going digital is in full swing. Digitalisation clearly has streamlined existing processes, transformed many industries and is widely seen as a major bridge towards…
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Unlocking India’s $1 trillion SaaS opportunity
India could be on the cusp of unlocking a $1 trillion opportunity for Software-as-a-Service (SaaS) companies, creating nearly half a million new jobs by 2030, according to a report titled ‘Shaping India’s SaaS Landscape’ by SaaSBOOMi, in association with McKinsey. To be clear, software accounts for 20 percent of the total enterprise spending on technology…