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Ford Motor Co and Indian vehicle maker Mahindra and Mahindra Ltd said on Monday they will launch a strategic alliance to counter challenges posed by fast-changing technology and global competition. The agreement, which builds on a former alliance that was unwound in 2005, is another sign that Ford’s Chief Executive…

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China’s Tencent Holdings and Guangzhou Automobile Group Company Ltd have agreed to collaborate on internet-connected cars - a strategic pact that sent shares in Guangzhou Auto surging. The development of self-driving cars and fast-changing technology have set in motion a flurry of alliances between internet giants and automakers. Earlier this…

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Intel Corp on Monday announced a collaboration with Alphabet’s Waymo self-driving unit, saying it had worked with the company during the design of its computer platform to allow autonomous cars to process information in real time. The world’s largest computer chipmaker said its Intel-based technologies for sensor processing, general compute…

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Honda Motor Co Ltd said on Monday its has invested $267 million and will add 300 new jobs to support increased production of its revamped 2018 Accord sedan model at the Japanese automaker’s plant in Marysville, Ohio. Honda unveiled the newest-generation Accord in July, one of four re-engineered midsize sedans…

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General Motors and its joint venture in China, Shanghai GM, will recall more than 2.5 million vehicles due to faulty airbag inflators, China’s top quality watchdog as said. The vehicles are equipped with airbag inflators produced by troubled Japanese manufacturer Takata Corp, according to the General Administration of Quality Supervision,…

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Israel’s StoreDot, which is developing fast-charging battery technology, said on Thursday it raised $60 million in a third round of financing led by the truck division of Germany’s Daimler. The funding round also includes Lucion venture capital and financial institutions from Israel and China, as well as existing investors such…

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San Francisco, Tesla CEO Elon Musk is set to unveil an electric semi-truck in Hawthorne, California, on October 26, reports said on Thursday. The company has been working on an electric semi-truck since 2016 and had earlier promised to unveil it this September. Musk tweeted the revised date, noting also…

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General Motors Co’s self-driving unit, Cruise Automation, is working to open an internal ride-hailing service to people outside the company, aiming to join a small group of autonomous vehicle developers testing their technology with the public. Cruise’s plan for public tests of its cars is at an early stage. Spokesman…

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Maruti's Japanese partner Suzuki Motor Corp will set up a plant for lithium-ion batteries at Hansalpur in Gujarat while also starting work on a third car-making plant at the manufacturing location in the state. The lithium-ion plant is being set up in partnership with Denso and Toshiba and will start…

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Japan’s Asahi Glass, which owns a little over 22% of Asahi India Glass, is in advanced discussions to buy out partner Sanjay Labroo as part of a plan to take control of the joint venture, two people familiar with the matter said. Labroo and his family own an equal 22.21%…

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