Toyota offers cheaper Prius if customers take software updates

Toyota offers cheaper Prius if customers take software updates

TOKYO, Dec 7 (Reuters) – Toyota Motor Corp’s (7203.T) leasing unit said on Wednesday it will begin offering over-the-air safety updates on the new Prius, betting it can use an approach pioneered by Tesla to cut lease prices and preserve used-car values in Japan. The lease program will require customers to opt in for a … Read more

Musk delivers first Tesla truck, but no update on output, pricing

Musk delivers first Tesla truck, but no update on output, pricing

Tesla ships first Semi to PepsiCo five years after unveiling it No details on orders or capacity for electric truck Semi uses existing Tesla motors, to feature new Supercharger Dec 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo (PEP.O) without offering updated forecasts … Read more

Exclusive: Tesla readies revamped Model 3 with project ‘Highland’ -sources

Exclusive: Tesla readies revamped Model 3 with project ‘Highland’ -sources

Nov 28 (Reuters) – Tesla (TSLA.O) is developing a revamped version of Model 3, according to four people with knowledge of the effort, as the top EV maker aims to cut production costs and boost the appeal of the five-year-old electric sedan. One focus of the redesign codenamed “Highland” is to reduce the number of … Read more

Buffett’s Berkshire discloses $4.1 bln TSMC stake

Buffett’s Berkshire discloses .1 bln TSMC stake

Nov 14 (Reuters) – Berkshire Hathaway Inc (BRKa.N) said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing (2330.TW), , a rare significant foray into the technology sector by billionaire Warren Buffett’s conglomerate. The news sent shares in TSMC up more than 6% in Taiwan on Tuesday, as it boosted investor sentiment … Read more

Twitter lays off staff as Musk blames activists for ‘massive’ ad revenue drop

Twitter lays off staff as Musk blames activists for ‘massive’ ad revenue drop

Musk looking to axe around half of Twitter’s workforce Employees file class action against Twitter Staff lose access to systems Volkswagen pulls ads Nov 4 (Reuters) – Twitter Inc started a major round of layoffs on Friday, alerting employees of their job status by email after barring the entrances to offices and cutting off workers’ … Read more

Exclusive: Tesla plans mass production start for Cybertruck at end of 2023

Exclusive: Tesla plans mass production start for Cybertruck at end of 2023

Nov 1 (Reuters) – Tesla (TSLA.O) aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck Chief Executive Elon Musk unveiled in 2019, two people with knowledge of the plans told Reuters. Tesla said last month that it was working on … Read more

Toyota cuts output target amid chip crunch as profit tumbles 25%

Toyota cuts output target amid chip crunch as profit tumbles 25%

Q2 profit 562.7 bln yen vs 772.2 bln yen forecast Cuts FY production target to 9.2 mln units from 9.7 mln Unclear when chip shortage will end – executive Results ‘very unimpressive’ considering positive factors -analyst Shares end down 1.9%, Nikkei benchmark up 0.3% TOKYO, Nov 1 (Reuters) – Toyota Motor Corp (7203.T) on Tuesday … Read more

Exclusive: Tesla faces U.S. criminal probe over self-driving claims

Exclusive: Tesla faces U.S. criminal probe over self-driving claims

Oct 25 – Tesla Inc (TSLA.O) is under criminal investigation in the United States over claims that the company’s electric vehicles can drive themselves, three people familiar with the matter said. The U.S. Department of Justice launched the previously undisclosed probe last year following more than a dozen crashes, some of them fatal, involving Tesla’s … Read more

Hyundai breaks ground on $5.5 bln U.S. EV, battery plant

Hyundai breaks ground on .5 bln U.S. EV, battery plant

ELLABELL, Ga., Oct 25 (Reuters) – Hyundai Motor Co (005380.KS) broke ground on a $5.54 billion electric vehicle (EV) and battery plant in the United States on Tuesday, as South Korea’s biggest automaker grapples with an uncertain outlook for its EV sales in its top market. The investment is the largest in the state’s history … Read more

Archer Aviation plans to build 250 air taxis in 2025

Archer Aviation plans to build 250 air taxis in 2025

Oct 24 (Reuters) – Archer Aviation Inc (ACHR.N) said it aims to make about 250 battery-electric air taxis in 2025 and scale up production in the following years, after setting a goal of getting its aircraft certified by the end of 2024. “In our first year, we will build 250 aircraft, our second year will … Read more