Read more about Sudden accelerations in Tesla cars were user error: US government on Business Standard. A review of Tesla cars in the US has concluded that there is not enough evidence to open a full investigation into claims that some Tesla vehicles were accelerating without warning the users
A reported potential tie-up with Apple Inc. made South Korea’s second-richest family even richer. Shares of Hyundai Motor Co. jumped as much as 25% in Seoul Friday the most since 1988 after South Korean media said the carmaker was in talks with the U.S. tech giant over developing self-driving vehicles. Hyundai initially confirmed the report before dialing it back to excise any mention of Apple, saying it had been receiving requests to cooperate on the technology from a number of companies. Regardless, the stock surge boosted the combined fortune of Hyundai Motor Group Chairman Euisun Chung and his father, Mong-Koo, by almost $2 billion, according to the Bloomberg Billionaires Index.
Premium car maker Mercedes-Benz India on Friday said it is hiking its car prices by 5 per cent from January 15, owing to the currency depreciation and increasing input costs that have pushed up the overall production cost. With this, the low-end model like C-Class will be costlier by Rs 2 lakh, while top-end models such as AMG GT 63S Door Coupe will cost a customer by Rs 15 lakh more, the company said in a statement. It added that Mercedes-Benz India will revise upwards the price of its model range effective January. The imminent price correction would be in the range of 5 per cent across models, the company said.
Read more about Tata Motors to re-launch flagship SUV Safari in a new avatar this month on Business Standard. The new Safari has been designed and developed to appeal to the new age SUV customers
One of the country s largest car makers chartered three flights in the last 2-3 months to airlift raw materials and parts from the South East Asian countries to its Chennai plant as sea transportation continued to be a challenge due to the non-availability of containers to and from India. A company official, requesting anonymity, said over 150 metric tonnes of raw materials and components were brought into the country by air in three months. These would have, otherwise, come through sea. His company expects to do a few more charter trips in the coming months considering the container shortage is not expected to ease in the near future.