Chery weighs Hong Kong IPO for $7 billion auto arm
Chery Auto is one of China’s biggest car exporters and one of only a few not listed. It is a key asset of Chery Group, which also provides financial and real estate services......»»
Paris auto show preview: The battle against Chinese upstarts will be electric
European and North American brands head to the Paris show with a watchful eye on Chinese EV rivals......»»
Column: Port strike, Hurricane Helene test the auto industry"s supply chain resiliency
The auto industry avoided worst-case scenarios with the port strike's end, but the impacts of Hurricane Helene will stick around......»»
Port strike"s end averts potential calamity for auto supply chain
The end of the port strike that shut down shipping on the East and Gulf coasts after three days comes as a relief to the auto industry, which had feared supply bottlenecks that could last months......»»
Damage and insurance losses from Hurricane Helene could cost billions
Insurance losses are expected to reach roughly $6.4 billion, and insurance providers may reevaluate how they price policies and what types of coverage they offer......»»
Toyota bets big on air taxis with $500M investment in Joby
Auto giant Toyota is investing another $500 million into Joby, which pioneered the first test flight of an air taxi over the skies of New York City......»»
AAWireless TWO Arrives October 20 With “Significant” Improvements
The original AAWireless is without a doubt one of the most popular adapters that allows your car to switch from wired to wireless Android Auto. Not only was it one of the early entries into this adapter segment, reviews for the device have remained p.....»»
What"s coming up at The Battery Show next week
More than a thousand battery and technology suppliers will show their technology at sprawling Huntington Place, home of the Detroit auto show......»»
Daily 5 report for Oct. 3: Why Carvana is now a permanent player in auto retailing
Carvana, the innovative online auto retailer with its can't-miss vending machines throughout the U.S., generates solid profits and its shares trade in the $170s......»»
OpenAI secures $6.6 billion in latest funding round
Thanks to $6.6 billion in funding from the likes of Microsoft and Nvidia with a $157 billion valuation, OpenAI is now one of the wealthiest private enterprises on the planet......»»
EVgo gets $1.05B loan to build 7,500 DC fast chargers
EVgo will focus on underserved communities where people can't charge at home. The electric vehicle charging company EVgo has secured conditional approval for a $1.05 billion loan.....»»
2-billion-year-old rock could help understand very early life on Earth and the hunt for evidence of life on Mars
Pockets of microbes have been found living within a sealed fracture in a 2-billion-year-old rock. The rock was excavated from the Bushveld Igneous Complex in South Africa, an area known for its rich ore deposits. This is the oldest example of living.....»»
There were more black holes in the early universe than we thought, research finds
Supermassive black holes are some of the most impressive (and scary) objects in the universe—with masses around 1 billion times more than that of the sun. And we know they've been around for a long time......»»
U.S. offers EVgo conditional $1.05 billion loan for EV chargers
If finalized, the loan guarantee will support EVgo's deployment of about 7,500 public stalls with high power chargers that can power two EVs simultaneously at nearly 1,100 stations......»»
Three hard truths hindering cloud-native detection and response
According to Gartner, the market for cloud computing services is expected to reach $675 billion in 2024. Companies are shifting from testing the waters of cloud computing to making substantive investments in cloud-native IT, and attackers are shiftin.....»»
Apple Podcasts auto-generated transcripts now available in more languages
Apple this year introduced auto-generated transcripts to its Podcasts app, so that users could follow real-time transcripts of shows available on Apple Podcasts. Now the company is expanding auto-generated transcripts to more languages. more….....»»
Auto dealer associations activate emergency relief funds in Helene aftermath
Dealership employees affected by Hurricane Helene can apply for assistance on the NADA Foundation's website, NADA said......»»
Auto industry risks from port strike to rise exponentially each day, analysts say
One day after the port strike on the East and Gulf coasts began, the backlog of automotive parts that some suppliers and automakers import into the U.S. grew by about a week, according to an industry trade expert......»»
F&I tip: Create perceived value for auto buyers, Allstate says
Perceived value is one of the key psychological factors influencing the purchase of finance and insurance products, Allstate Dealer Services said in a white paper......»»
DirecTV/Dish merger has a problem as debt holders object to $1.6 billion loss
Debt holders oppose $1.6 billion value reduction, throwing wrench into TV merger. DirecTV's agreement to buy the Dish satellite and streaming TV business from EchoStar is facing o.....»»
OpenAI is now valued at $157 billion
OpenAI has nearly doubled what investors think it's worth—but there's a catch. OpenAI, the company behind ChatGPT, has now raised $6.6 billion in a new funding round that values.....»»