WeRide, a $5 billion software maker, is set for an I.P.O. amid geopolitical risks and a rush by Chinese automotive tech firms to raise money in the United States.
Category: Automobiles
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Foxconn Is Building an Electric Car Factory Next to Where It Makes iPhones
The Taiwanese company has built a manufacturing hub in Zhengzhou, China, for its star customer Apple, but it is starting almost from scratch in the auto business.
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Texas Sues General Motors for Collecting and Selling Driver Data
The lawsuit accuses the automaker of tricking drivers into sharing detailed driving records that were then sold to insurance companies.
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Stellantis Will Lay Off Up to 2,450 at Michigan Truck Plant
The move is the latest sign of trouble for the trans-Atlantic automaker, which has had sluggish North American sales and has said it needs to cut costs.
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Avoiding Rental Car Toll Fees
Using the rental company’s transponder can rack up hefty charges, but there are workarounds, from apps to paying by mail.
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Chinese E.V. Makers Are Upending Thailand’s Auto Market
China’s electric vehicle companies are making inroads in Thailand, a key industry hub, as Europe and the United States wield tariffs to keep them out.
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Japan Built Thailand’s Car Industry. Now China Is Gunning for It.
After dominating sales in Thailand for decades, Mazda, Nissan and other Japanese companies are losing their grip on a market long viewed as a regional hub.
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Elon Musk Says Robotaxis Are Tesla’s Future. Experts Have Doubts.
Tesla says self-driving taxis will power its growth, but the company hasn’t said when such a service would be ready or how much it would increase profits.
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45%
Tesla’s drop in profit in the second quarter.
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Tesla Q2 Earnings Report Reveals 45% Profit Drop Amid Weak E.V. Sales
The company led by Elon Musk is selling fewer electric cars, and its big bets on driverless taxis and artificial intelligence could take many years to pay off.
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G.M. Will Restart Cruise Taxi Service
General Motors said the self-driving division’s cars will operate in Dallas, Houston and Phoenix after an accident last year. Human drivers will supervise the cars.
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Finally, a Way Around Exorbitant Rental Car Surcharges for Tolls
Temporary toll passes, now free for those who rent cars at the Orlando airport in Florida, allow drivers to avoid charges for toll payment devices. Could this be a model for other destinations?