Fast forward to today and there are even more changes as the 2021 North American International Auto Show is dead and being reborn as an "auto-centric event called Motor Bella". As auto shows around the world are being reimagined and will continue to do so in the wake of the pandemic, NAIAS had been reimagining its position for some time, Alberts said. [Full Article...]
State-run banks are seen being the worst-affected among bank groups with their GNPA ratio expected to increase to 16.2 per cent by September 2021 under the baseline scenario from 9.7 per cent in September 2020. The RBI Governor also said the expansion of the government's market borrowing programme had imposed additional pressure on banks. Banks wrote off a record Rs 2,37,876 crore in fiscal ... [Full Article...]
To do that, the "Google of China" is entering into a strategic partnership with Zhejiang Geely Holding Group (ZGH), the holding company of Geely , the top domestic brand by sales and the most famous Chinese vehicle brand outside of China. [Full Article...]
It is the fifth time in more than 110 years that the company has changed its logo. As part of the campaign, ads will show a variety of people talking about GM's electric vehicle technology. GM is investing heavily in its EV program and is promising a breakthrough that will drastically lower the cost of batteries. According to a CNBC report , the company will spend $27 billion on all-electric and ... [Full Article...]
The Reserve Bank of New Zealand is scrambling to uncover the extent of a breach into a data system service used to share information with external stakeholders. RBNZ said the compromised data may include some commercially and personally sensitive information. Last May, RBNZ said in a discussion document its cyber security systems were not up to scratch and there was a "high operational risk due ... [Full Article...]
MSCI's broadest index of Asia-Pacific shares outside Japan was flat, having surged 5 per cent last week to record highs. Japan's Nikkei was closed for a vacation after finishing at a 30-year high on Friday. The U.S. Dollar edged higher across the board on Monday, extending a rebound from the near 3-year low hit last week, taking strength from the recent spike in Treasury yields and the prospect of... [Full Article...]
While the ET7 looks large, sleek styling does hide bulk well, with twin LED DRL "headlights", and twin LED pods placed lower in the bumper, while a full-length LED light strip at the rear seems to be the order of the day. Also remarkable is the way the designers managed to integrate the LiDAR, one of the biggest worries surrounding this technology. The world's first in-car AI system NOMI also ke... [Full Article...]
According to a report from Korea IT News cited by Reuters , Hyundai and Apple are expected to sign a partnership on autonomous electric cars by March, after which the two can begin focusing on the actual production of the highly anticipated Apple Car . [Full Article...]