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Lamborghini founder started company after insult by Ferrari
short by Abhishek Bansal / on 05 Sep 2017,Tuesday
Italian automaker Lamborghini's founder Ferruccio Lamborghini started the company after an insult by Ferrari's founder Enzo Ferrari. When Lamborghini complained of a weak clutch in his car to Ferrari, he was told, "Lamborghini, you may be able to drive a tractor, but you will never be able to handle a Ferrari." Lamborghini established his company to create the "perfect car".
short by Abhishek Bansal / 11:06 am on 05 Sep
Mahindra displays India's first driverless tractor
short by Krishna Veera Vanamali / on 19 Sep 2017,Tuesday
Mahindra and Mahindra displayed India's first-ever driverless tractor on Tuesday. The tractor, which is expected to be available commercially from early 2018, can be programmed to carry out specific tasks and can also be operated remotely to perform in the field. The company said the technology will also be deployed across international markets such as the US and Japan.
short by Krishna Veera Vanamali / 07:51 pm on 19 Sep
Maruti Suzuki now 2nd best performing auto stock after Tesla
short by Manaya Bagga / on 14 Sep 2017,Thursday
Maruti Suzuki India has become the second best performing auto company stock in the global auto market after Tesla. Maruti shares have jumped around 53% so far this year while Tesla's stock increased by over 70% during the same period. Maruti is now the 11th largest automaker in the world with a market capitalisation of $38.49 billion (₹2.46 lakh crore).
short by Manaya Bagga / 03:05 pm on 14 Sep
Ford hides man in seat to see response to self-driving cars
short by Aditi Verma / on 14 Sep 2017,Thursday
Ford on Wednesday posted a video showing a man hidden in a car seat to evaluate how passers-by respond to self-driving cars. Earlier, a reporter in Virginia spotted a driverless Ford car but on further investigation found a man inside disguised as car seat. Ford said it has been testing how pedestrians respond to self-driving cars through the test.
short by Aditi Verma / 06:05 pm on 14 Sep
President promulgates ordinance to hike cess on luxury cars
short by Krishna Veera Vanamali / on 04 Sep 2017,Monday
President Ram Nath Kovind has promulgated an ordinance enabling an increase in the GST cess on medium-sized cars, large cars, and SUVs, from 15% to up to 25%. However, the increase in cess will be effective only after the GST Council notifies it. The quantum of cess hike in each variety of car would also be decided by the Council.
short by Krishna Veera Vanamali / 07:09 pm on 04 Sep
Audi unveils autonomous concept car with no steering wheel
short by Shifa Naseer / on 13 Sep 2017,Wednesday
Luxury carmaker Audi has unveiled its fully autonomous Aicon concept car in Germany without a steering wheel or pedals. The electric vehicle has a four-door, 2 by 2 flexible seating design and has a range of 500 miles (800 kilometres) on a single charge. The Aicon also uses Audi's artificial intelligence assistant to offer services to drivers based on situations.
short by Shifa Naseer / 03:05 pm on 13 Sep
Electric cars cannot replace fossil-fuel cars: Horiba CEO
short by Shifa Naseer / on 05 Sep 2017,Tuesday
Japan-based manufacturer of precision instruments Horiba's CEO Atsushi Horiba in an interview said that electric cars will not totally replace fossil-fuel cars. He also added, "It's not an issue of technology, it's just reality." The company, which makes 80% of emissions-testing equipment, was central in exposing Volkswagen emissions scandal in 2015.
short by Shifa Naseer / 05:39 pm on 05 Sep
Volvo acquires US-based car valet and concierge startup Luxe
short by Aditi Verma / on 09 Sep 2017,Saturday
Swedish car manufacturer Volvo on Friday announced it has acquired US-based car valet and concierge startup Luxe. The Swedish automaker, which also acquired Luxe's key staff including app developers, said the acquisition will provide advanced algorithms in areas such as arrival time prediction. Founded in 2013, Luxe lets users coordinate a driver to park, clean, and refuel their car.
short by Aditi Verma / 07:55 pm on 09 Sep
Royal Enfield has a huge head start over us: Rajiv Bajaj
short by Krishna Veera Vanamali / on 05 Sep 2017,Tuesday
Bajaj Auto MD Rajiv Bajaj said that in the middleweight motorcycle segment, Royal Enfield has a huge head start over the company. Bajaj is facing competition in India from a brand that has a longer history, he noted. "If they have a 50-year history I would say, we have caught up with 45 years in one year's time," Bajaj added.
short by Krishna Veera Vanamali / 03:37 pm on 05 Sep
Electric flying taxi startup Lilium raises $90 million
short by Aditi Verma / on 05 Sep 2017,Tuesday
Germany-based electric flying taxi startup Lilium on Tuesday announced it has raised $90 million in Series B funding round. The round which was led by Chinese internet giant Tencent, also saw participation from Skype Co-founder's investment firm Atomico, and Twitter Co-founder's investment firm Obvious Ventures. Founded in 2015, the aviation startup now has a total funding of over $100 million.
short by Aditi Verma / 06:16 pm on 05 Sep
China to ban sale of petrol and diesel cars
short by Nandini Sinha / on 10 Sep 2017,Sunday
China is planning to ban diesel and petrol cars and is working on a timetable to end their production and sales, Vice Industry Minister Xin Guobin has said. The move aims to reduce pollution and oil imports by switching to electric vehicles. Notably, France and the UK announced plans earlier this year to ban diesel and petrol cars by 2040.
short by Nandini Sinha / 10:28 pm on 10 Sep
Eicher set to make $1.8 bn bid to acquire Ducati: Reports
short by Krishna Veera Vanamali / on 07 Sep 2017,Thursday
India's Eicher Motors, maker of Royal Enfield motorbikes, is reportedly set to make a $1.8 billion-$2 billion takeover bid for Italian motorcycle maker Ducati. Eicher is currently finalising financing and structuring terms with banks and consulting companies, reports added. Earlier, reports suggested that Bajaj Auto had shown interest in buying Ducati.
short by Krishna Veera Vanamali / 03:29 pm on 07 Sep
Tata Motors working on alternative plans for Nano: COO
short by Manaya Bagga / on 26 Aug 2017,Saturday
Commenting on Nano's future, Tata Motors COO Satish Borwankar said "going forward, alternative plans for Nano are being considered", adding, "production of Nano is no longer a viable proposition". However, he clarified the company wouldn't phase out Nano due to sentimental reasons and because shareholders wanted production to continue. "Around 1,000 Nano cars are being sold every month," he added.
short by Manaya Bagga / 06:51 pm on 26 Aug
Can't force people to buy electric vehicles: Maruti Chairman
short by Manaya Bagga / on 12 Sep 2017,Tuesday
Maruti Suzuki Chairman RC Bhargava said that although the company supports the government's intent to end automobiles driven by fossil fuels, it can't force customers to buy electric vehicles. “Unless the EV is good for the customer, I can’t push him to buy it,” Bhargava said. "Gadkari and the government are not going to kill this industry," he further noted.
short by Manaya Bagga / 04:28 pm on 12 Sep
Complaint filed against Tesla over unfair labour practices
short by Aditi Verma / on 01 Sep 2017,Friday
The US National Labor Relations Board on Thursday filed a complaint against Tesla saying it's investigating the electric car maker over unfair labour practices. According to the complaint, Tesla violated workers' rights by requiring employees at its factory in Fremont, California to sign a confidentiality agreement in order to prevent them from discussing working conditions and safety issues.
short by Aditi Verma / 04:12 pm on 01 Sep
No offer for Fiat Chrysler on the table, says CEO
short by Krishna Veera Vanamali / on 03 Sep 2017,Sunday
Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne has said that the company has not received any offer, and that it is not working on any "big deal". Earlier, China's Great Wall Motors openly said it was interested in FCA but had not held talks. Marchionne also said that FCA's components businesses would be separated from the group.
short by Krishna Veera Vanamali / 07:00 pm on 03 Sep
India team loses Hyperloop challenge over pod shipment delay
short by Aditi Verma / on 01 Sep 2017,Friday
A team of Indian students which lost Elon Musk's Hyperloop Challenge, has said they were unable to race their pod because of delay in its shipment. "The pod and its components couldn't be shipped in time for the pod to complete all tests and run on the SpaceX track," they said. The team entered the competition's final round in July.
short by Aditi Verma / 03:12 pm on 01 Sep
Mercedes-Benz unveils $2.72 million Formula One-inspired car
short by Shifa Naseer / on 13 Sep 2017,Wednesday
Automobile manufacturer Mercedes-Benz on Tuesday showed off its Formula One (F1) inspired Mercedes-AMG Project ONE car in Germany. The car is worth $2.72 million (₹17 crore) and has more than 1,000-horsepower with a top speed of beyond 217 mph (350 kmph). Mercedes-Benz also said that it is planning to manufacture only 275 Project ONE models.
short by Shifa Naseer / 03:22 pm on 13 Sep
Honda reaches ₹3,860cr settlement over faulty Takata airbags
short by Manaya Bagga / on 02 Sep 2017,Saturday
Honda has agreed to a $605 million (₹3,861 crore) economic loss settlement covering up to 16.5 million US vehicles with potentially faulty Takata airbag inflators. The settlement includes claims that vehicles were inaccurately represented to be safe and that buyers overpaid for cars with defective airbags. Notably, five other automakers have reached similar settlements worth $650 million in total.
short by Manaya Bagga / 04:17 pm on 02 Sep
Cess hike unfortunate, overlooks our contribution: Mercedes
short by Krishna Veera Vanamali / on 10 Sep 2017,Sunday
Reacting to GST cess hike on mid-sized, large cars and SUVs by up to 7%, Mercedes-Benz India CEO Roland Folger said the decision to increase the cess is very unfortunate. He said the cess hike overlooks the contribution they make to the industry and to the economy. Notably, Audi India head Rahil Ansari also said it is "disappointing".
short by Krishna Veera Vanamali / 06:47 pm on 10 Sep
Jaguar reveals smart steering wheel for self-driving cars
short by Shifa Naseer / on 04 Sep 2017,Monday
UK-based automaker Jaguar Land Rover has revealed a concept of a voice-activated Artificial Intelligence (AI) removable steering wheel 'Sayer' for self-driving cars. It will be a part of Jaguar's upcoming concept car, the Future-Type. Sayer will be capable of tasks like reminding owners when they need to get up or order a self-driving car to arrive in time for appointments.
short by Shifa Naseer / 03:01 pm on 04 Sep
German carmakers must take on Tesla: Merkel's aide
short by Krishna Veera Vanamali / on 27 Aug 2017,Sunday
German Chancellor Angela Merkel's Chief of Staff Peter Altmaier on Saturday said German carmakers must invest more in electric vehicles and take on Elon Musk's Tesla. "When is our automobile industry, which is so good, actually going to be in a position to build a car that travels 50 kilometres further than a Tesla and costs €10,000 less?" Altmaier said.
short by Krishna Veera Vanamali / 09:41 pm on 27 Aug
Elon Musk posts pic of Tesla car in Boring Company tunnel
short by Aditi Verma / on 29 Aug 2017,Tuesday
Elon Musk on Monday shared a picture on Instagram of a Tesla Model S car in a tunnel dug by his startup 'The Boring Company'. The startup is digging an underground tunnel network in California and aims to help cars avoid traffic. The cars will be transported on electric sleds inside the tunnels at a speed of about 209 kmph.
short by Aditi Verma / 07:27 pm on 29 Aug
Tesla's Autopilot lacked safeguards: US traffic safety board
short by Shifa Naseer / on 13 Sep 2017,Wednesday
The US National Traffic Safety Board on Tuesday said that lack of 'safeguards' in Tesla's Autopilot led to Joshua Brown's death in a crash last year. It said that Tesla allowed the driver to use the system outside of the environment for which it was designed, and the system gave far more leeway to the driver to divert his attention.
short by Shifa Naseer / 08:22 pm on 13 Sep
Chevrolet admits faulty car batteries show incorrect range
short by Shifa Naseer / on 27 Aug 2017,Sunday
General Motors this week admitted that some units of its recently-launched electric Chevrolet Bolt have been showing more range than they actually have. The automaker said the fault was caused due to lower battery voltage and only affected 1% of the 10,000 Bolts on road. The company said it could fix the issue by repairing or replacing the faulty batteries.
short by Shifa Naseer / 02:57 pm on 27 Aug
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