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Lucid Group to raise US$ 3 billion primarily from PIF: Report

autherAutocar Professional Bureau     calendar01 Jun 2023

PIF, which has over a 60% interest in the company, has okayed securing 265.7 million shares via a private placement for roughly US$ 1.8 billion.

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ACC inaugurates Gigafactory in France, Europe drives towards self-sufficiency in battery production

autherAutocar Professional Bureau calendar31 May 2023

Flagship Gigafactory of the JV between Stellantis, Mercedes-Benz and Total Energies has an initial production line wit...

Brose wins SAP and Roland Berger award for digitisation in procurement

autherAutocar Professional Bureau calendar31 May 2023

German supplier’s solution analyses a wide range of information from components, such as raw material prices, in real ...

Valeo and Didi Autonomous Driving to jointly develop safety solutions for L4 robotaxis

autherAutocar Professional Bureau calendar31 May 2023

The two companies plan to complement the main system of L4 standard technology that allows the robotaxi to navigate au...

All-electric Actros trucks complete 3,000km drive from Germany to Turkey

autherAutocar Professional Bureau calendar31 May 2023

From the Mercedes-Benz Worth plant to the Mercedes-Benz Trucks site in Aksaray, Turkey, three eActros trucks journey t...

Daimler Truck, Mitsubishi Fuso, Hino and Toyota to accelerate CASE tech development, MFTBC and Hino to merge

autherAutocar Professional Bureau calendar30 May 2023

The four automakers will collaborate toward achieving carbon neutrality, developing CASE technologies and strengthenin...

MediaTek and Nvidia to develop AI cabin solutions for software-defined vehicles

autherAutocar Professional Bureau calendar30 May 2023

Integrating new Nvidia’s GPU chiplet into the MediaTek Dimensity Auto platform, the two companies aim to come up with ...

Volvo Trucks launches new safety systems to keep cyclists and pedestrians safe

autherAutocar Professional Bureau calendar30 May 2023

The Front Short Range Assist system detects if a cyclist or pedestrian is in the risk area in front of the truck, usin...

Renault's Luca De Meo states that Euro 7 emission rules deviating sector from working towards electrification: Report

autherAutocar Professional Bureau calendar29 May 2023

He said that it would need the industry to deploy significant amounts of capital "on things which have no future", whi...

ZF set to produce commercial vehicle PowerLine transmission at US plant

autherAutocar Professional Bureau calendar29 May 2023

The ZF PowerLine 8-speed automatic transmission is designed to be used in trucks, buses, and other commercial vehicles...