Focus on Transport
German air-taxi maker Lilium’s units to file for insolvency, shares plunge
Lilium's German subsidiaries filed for insolvency amid a cash crunch, sending shares down 57 per cent.
US autonomous truck startup Outrider raises $62 million to scale up
Outrider raises $62M in Series D to scale autonomous truck services in distribution yards, led by Koch and NEA.
Tesla eases investor fears with crucial EV growth forecast, shares jump
Tesla's stock surged nearly 12% after strong sales forecast, assuring investors of Musk's commitment to EV growth.
China’s CATL unveils new battery for extended-range hybrids
Chinese battery giant CATL launched its first battery product focused on extended-range hybrids.
Chinese self-driving startup WeRide files for $440 million U.S. IPO
Chinese self-driving startup WeRide has filed for a $119.4M IPO on Nasdaq and a $320.5M private placement, aiming for a $5B valuation.
Tesla promises paid robotaxis next year, but significant hurdles remain
Tesla CEO Elon Musk says driverless ride-hailing will launch in California and Texas next year, facing significant regulatory hurdles.
Hyundai Motor’s Q3 operating profit falls 7% from a year earlier
Hyundai warns of slowing demand, posts seven per cent drop in Q3 profit, but maintains 2024 earnings target; shares fall five per cent...
Renault beats Q3 forecasts as new launches lift sales
Renault posted a surprise Q3 revenue rise, driven by demand for new hybrids, despite declining sales volumes amid a tough market.
Software firm Dassault Systemes cuts 2024 forecast again on auto sector slowdown
Dassault Systemes cuts 2024 revenue growth forecast again, citing automotive slowdown, amid competitive pressure from rivals.
US lawmakers pressure automaker Stellantis on investment commitments
The union and the Jeep-maker have been in a bitter battle after Stellantis said it would delay a planned investment to reopen an...
