Autos
- BusinessReuters
Tesla retreats from next-generation ‘gigacasting’ manufacturing process
Tesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two sources familiar with the matter, in another sign that the electric-vehicle maker is retrenching amid falling sales and rising competition. Tesla has been a leader in gigacasting, a cutting-edge technique that uses huge presses with thousands of tons of clamping pressure to die-cast large sections of the car’s underbody. Last year, as Tesla developed a new small-v
5-min read - BusinessThomson Reuters StreetEvents
Q1 2024 Penske Automotive Group Inc Earnings Call
Q1 2024 Penske Automotive Group Inc Earnings Call
36-min read - BusinessReuters
Musk disbands Tesla EV charging team, leaving customers in the dark
DETROIT (Reuters) -Elon Musk's abrupt decision to lay off employees who ran Tesla's electric vehicle charging business blindsided automakers gearing up to equip new EVs for customers to use the Tesla Supercharger network, industry officials and analysts said on Tuesday. For now, General Motors, Ford and other automakers which struck deals last year to give customers access to the network said they are not changing their plans. Tesla's decision to open its network to rival EV manufacturers was
4-min read - NewsEngadget
US will require all new cars to have advanced automatic braking systems by 2029
The National Highway Traffic Safety Administration just announced new safety standards for US cars. All new cars must have automatic braking systems installed by 2029.
2-min read - BusinessReuters
WRAPUP 1-Shift to new models, weak demand hit Europe's automakers
Volkswagen, Mercedes-Benz and Stellantis all posted lower sales and first-quarter revenue on Tuesday as they geared up to launch new models and faced weaker consumer demand for new cars as interest rates remain high. The news hit the automakers' stocks. In early trading Mercedes shares were down 3.6%, Stellantis nearly 1.5% and Volkswagen 2.1%.
2-min read - BusinessReuters
UPDATE 5-Hyundai Motor Group plans hybrid cars for India in strategy shift, sources say
Hyundai Motor Group plans to launch its first hybrid cars in India as early as 2026, three sources said, as the South Korean auto group shifts strategy to look beyond electric vehicles and boosts its presence in a key market. The group, housing Hyundai Motor and Kia Corp , is evaluating a hybrid sport-utility vehicle of size similar to its top-selling, mid-sized Creta SUV in India, said two of the sources, who have direct knowledge of the plans.
4-min read - NewsAssociated Press Finance
US to require automatic emergency braking on new vehicles in 5 years and set performance standards
In the not-too-distant future, automatic emergency braking will have to come standard on all new passenger vehicles in the United States, a requirement that the government says will save hundreds of lives and prevent thousands of injuries every year. The National Highway Traffic Safety Administration unveiled the final version of the new regulation on Monday and called it the most significant safety rule in the past two decades. “We’re living through a crisis in roadway deaths,” Transportation
4-min read
