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The automaker also confirmed its preliminary financial results for 2020 and said economic conditions in it key markets should continue to return to normal and that it expected no further setbacks as a result of the coronavirus pandemic.

Tesla Cuts Prices Of Base Variants Of Model 3, Model Y

The price of its Model 3 Standard Range Plus has been lowered to $36,990 from $37,990, while the Model Y Standard Range's price came down to $39,990 from $41,990, according to the website.

Hyundai To Focus On Electrification, Autonomous, Connected Technologies To Fuel Growth In India

Powered by high selling models like Creta and Venue, the company recorded its highest ever market share last year in the domestic passenger vehicle segment.

Toyota Says To Suspend Production On 14 Lines At Nine Group Factories In Japan Due To Quake

The earthquake affected some of Toyota's suppliers, the automaker's spokesman said.

Tesla Must Recall 12,300 Model X Cars Over Faulty Moulding - KBA

KBA said the recall affects cars built in 2015 and 2016, adding there was a risk that the moulding could fall off the vehicle.

Volkswagen Taps Microsoft's Cloud To Develop Self-Driving Software

Volkswagen in 2018 inked a deal with Microsoft to connect its cars to Microsoft's Azure cloud computing service. The Thursday deal means that the software updates will be developed on the same cloud that will then beam those updates down to the cars.

Asian Chipmakers Rush To Boost Production To Meet Global Shortage

The global concerns about the chip shortage were underscored at recent quarterly earnings calls held by companies from Taiwan Semiconductor Manufacturing Co Ltd (TSMC) to South Korea's SK Hynix.

Hyundai, Kia Shares Dive As Automakers Puncture Investor Dream Of Apple Car Tieup

Hyundai's stock slumped 4.2% by 0330 GMT. Shares in its affiliate Kia Corp, which had been tipped in local media reports as the likely operational partner for Apple, tumbled 12% - a $4.3 billion hit.

Toyota Aims To Build Record 9.2 Million Vehicles This Year - Nikkei

Toyota is expecting solid sales around the globe this year thanks to the release of coronavirus vaccines, the newspaper added.

TVS Motor Company Launches New Technology Platform -- TVS Intelligo

The technology makes its debut on the company's Jupiter, making it the first 110cc scooter to have this intelligent 'stop & go' technology

Hero MotoCorp Crosses 100-Million Milestone In Cumulative Production

The company said the six celebration edition models -- Splendor+, Xtreme 160R, Passion Pro, Glamour (motorcycles) and Destini 125, Maestro Edge 110 (scooters) -- will go on sale from February 2021.

GM To Invest C$1 Billion In Canada Plant To Manufacture Electric Vans

Under the tentative deal, which is yet to be ratified by the union workers, GM has agreed to begin large-scale commercial production of EV600, an electric van, at its CAMI plant

After Long Journey, Fiat Chrysler And PSA To Seal Merger To Become Stellantis

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Shares in Stellantis, which will be headed by current PSA Chief Executive Carlos Tavares, will start trading in Milan and Paris on Monday, and in New York on Tuesday.

Skoda Launches Refreshed Version Of Superb In India Tagged Rs 31.99 Lakh Onwards