Tag: industry
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Auto component makers ‘invite’ Tesla to make parts locally
India’s $46-billion auto component industry has ‘invited’ Tesla to make parts locally in response to the American carmaker’s request for tax concessions on fully imported electric vehicles ahead of their local launch.Deepak Jain, president of the Automotive Component Manufacturers Association (ACMA), said with the government committing itself to a phased manufacturing plan (PMP) and the…
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Every New Mercedes Model Will Get An All-Electric Version, Starting In 2025
Mercedes released its plan for the future today, and the brand plans to go all-electric in all markets that allow it in the near future. That means unveiling three new EV-only architectures in 2025 that will allow the brand to offer an electric-only version of every new vehicle in its lineup. “The EV shift is…
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Instagram Photographer Fails to Deliver Sold Prints, Leaves Fans Angry
Instagram gives its users a sense of trust with people behind huge, popular accounts. One such photographer did not deliver on what he had promised and left his audience burned, with cash out of pocket, unfulfilled print sales, and in legal limbo. It is common knowledge that what is presented on social media is not…
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VW To Sell A Stake In Electrify America, Looking For $1 Billion
Volkswagen is looking to sell a stake in its U.S. electric vehicle charging network, Electrify America. Reuters reports that two unnamed sources said that Volkswagen is working with Citi to find a co-investor that would be willing to inject about $1 billion into the company. The automaker will reach out to infrastructure groups, among others,…
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Move Over Corvette, Mercedes’ G-Class Is Now America’s Fastest Selling New Car
For the first time in four weeks, the Chevrolet Corvette was knocked off podium position as the fastest-selling new automobile in America in May. It hasn’t already really been substituted by anything sensible, though. Rather, its slip to the number two position usually means the ascension of the Mercedes-Benz G-Class to the top area. This…
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Investor Of “Big Short” Fame Is Betting Big Against Tesla
The company conduct by Michael Burrythe investor played by Christian Bale at 2015’s “The Big Short”, has just taken a short position against Tesla. According to Reuters, last Monday Scion Asset Management said in a regulatory filing that it had set options on 800,100 Tesla shares at the end of Q1, 2021. The automaker’s share…
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Tesla Moves Berlin Gigafactory Deadline By Six Months, Will Start Production In January 2022
Tesla is reportedly delaying the launch of its Berlin Gigafactory, pushing the start of production back to January 2022. Tesla’s CEO Elon Musk gave his German team an extra six months to commence production at the new plant, according to Automobilwoche, which cites company sources. The carmaker had said on April 26 that production was…
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CarMax Buys Edmunds At Appraised Value Of $404 Million
CarMax will continue to reinforce its online shopping tools with its latest purchase. America’s biggest used car retailer will buy the remainder of Edmunds.com, bringing the informational website wholly under its control. Edmunds provides information on second-hand vehicles as well as reviews of new vehicles and industry data. Despite the sale, CarMax says the website…
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Tesla’s Lawsuit Against Rivian Progresses In California Court
Tesla’s litigation against Rivian, which was filed in July 2020, has improved into a California court. Tesla asserts that the electric vehicle start-up encouraged “the misappropriation of Tesla’s trade secrets, confidential, and proprietary data by Tesla employees that Rivian hires. ” It also alleges a pattern of employees leaving Tesla for Rivian and taking trade…
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What Is Market Share & How Do You Calculate It?
Growing up, I was used to perform”grocery store” with my sister. We’d go into our pantry, simply take out all of the food, and establish a grocery shop in our living area. I would normally”buy” goldfish. You may be thinking,”What does this have to do with market share?” Well, let’s say I bought 10 bags…