
Driverless car firm Wayve bags £1.1bn investment to help launch on UK roads
The London-based company will be valued at around 8.6 billion dollars (£6.4 billion).
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The London-based company will be valued at around 8.6 billion dollars (£6.4 billion).

Companies like Mazda and Nissan could face significant fines in Australia if they do not improve their carbon efficiency to meet new climate targets.
Chinese automakers are actively pursuing opportunities to enter the United States market, indicating that their vehicles could become available to American consumers relatively soon.
Carmakers push toward ‘eyes-off’ driving, raising questions of safety, liability Reuters

Regulator’s planned climbdown follows lobbying by banks and car groups with in-house lenders
A new trade agreement between the EU and India is expected to open the Indian market for German car manufacturers, who have historically struggled to gain traction there.

The automobile industry has been steering towards an electric future. In Europe, sales of both fully electric and hybrid cars have risen as costs drop and technology improves. Competition within the industry is fierce, and new players are challenging legacy carmakers.

Ford’s CEO discussed with the president a framework for the arrival of these carmakers, which would involve the creation of joint ventures

The initial enthusiasm for electric vehicles is waning, resulting in a $65 billion financial impact on car manufacturers who are now re-evaluating their US strategies. This pivot suggests a renewed focus on petrol and hybrid models in response to changing market demands.