India-China tensions delay sale of General Motors’ plant in India

Great Wall Motor

Delays to American automaker General Motors’ sale of its Indian plant to Chinese automaker Great Wall Motor because of the tensions between India and China are likely to result in hefty unplanned costs for GM, people familiar with the matter said. The sale of the plant located in Talegaon in Maharashtra state was announced in January […]

General Motors explores the market for electric ‘flying cars’

General Motors

General Motors is discovering options in the aerial taxi market, including whether to construct the vehicles known colloquially as “flying cars,” as part of a push by the automaker to look for a boost in related transportation markets, two people knowledgeable with the matter said. CEO Mary Barra on Monday briefly made her first reference ever […]

BMW to use software from Tactile Mobility in next-gen vehicles

Tactile Mobility

Israel’s Tactile Mobility said on Tuesday its software will be embedded into the German automaker BMW’s next-generation vehicles starting in 2021. The collaboration will gear up with BMW vehicles with the ability to analyze the road surface attributes under their tires, allowing detection of road conditions. Tactile Mobility, founded in 2012, develops software that uses a […]

Daimler to pay $2.2 billion in diesel emissions cheating settlements in the U.S.

Daimler logo

German automaker Daimler AG will pay $2.2 billion to resolve a U.S. government diesel emissions cheating investigation and claims from 250,000 U.S. vehicle owners, according to court documents. The automaker and its Mercedes-Benz USA LLC unit revealed on August 13 it had reached a settlement in principle resolving civil and environmental claims associated with 250,000 […]

Toyota Motors no longer planning expansion in India, due to high tax regime

Indian road traffic

Toyota Motor won’t expand any more in India due to the country’s high tax regime, a blow for Prime Minister Narendra Modi, as India continues to attract global companies to offset the economic downfall caused by the coronavirus crisis. The government keeps taxes on cars and motorbikes high enough that companies find it hard to build […]