Chinese automakers announce plans to increase hydrogen vehicle sales

china cars

Chinese automakers have announced plans to boost sales of hydrogen fuel cell vehicles, a niche sector in the world’s biggest auto market, and the government is expected to declare supportive new policies, most likely as early as this month. SAIC Motor, China’s biggest automaker which has joint ventures with Volkswagen and General Motors, said on […]

Nissan Motor to issue $8 billion in dollar-denominated debt

2020 Nissan Versa, Nissan 2020 Versa

Japanese Nissan Motor will issue $8 billion in dollar-denominated debt and is thinking about euro-denominated bonds, it said on Friday, as the troubled automaker looks to diversify its funding. The bond sale is its first dollar-denominated issuance since its tie-up with French automaker Renault SA in 1999, a Nissan spokesperson said. It comes as investors have […]

Tesla reportedly in talks to buy low carbon nickel from Giga Metals

Giga Metals

Tesla is in talks with Canadian miner Giga Metals about helping to develop a large mine that would provide the electric automaker access to low carbon nickel for its batteries, three sources knowledgeable with the matter said. Alongside its goal to decrease pollution from driving, Tesla is also striving to decrease its own carbon footprint. […]

Skoda aims to shift some production in Czech Republic

Skoda New Crossover

Volkswagen‘s Czech unit Skoda Auto plans to move production of some high-earning models to other automaker’s plants in other countries, the automaker’s trade union boss said in an article on Thursday. A Skoda spokeswoman refused to comment. Skoda is the central European country’s biggest exporter, but its success has sometimes caused disharmony within Volkswagen, whose […]

Sharp Corp wins patent infringement suit against Daimler

Sharp Corp

Sharp Corp, a Japanese industrial electronics, said on Friday it has won a patent infringement lawsuit against German automaker Daimler in Germany, a ruling that could allow them to enforce a sales ban against the automaker. A district court in Munich ruled that mobile communications technology used in vehicles of Daimler violates a patent owned by […]

Tesla launches fast electric car charging in Berlin

Tesla Inc logo

Managers at electric automaker Tesla Inc on Thursday demonstrated new supercharger equipment on a Berlin research campus, saying they were looking at more target cities to attract possible buyers worried about access to charging. “Now, as part of our commitment to make Tesla ownership easy and convenient for everyone including those without immediate access to home […]

Toyota’s research arm to create $800 million investment fund

Toyota Yaris GRMN

Toyota Motor’s research arm said on Thursday that it would form an $800 million global investment fund. The fund called Woven Capital is to invest in companies related to the autonomous mobility and smart cities, Toyota Research Institute-Advanced Development said. Previously this year, the Japanese automaker revealed a plan to build a prototype “city of […]