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US auto regulator opens probe into over 200,000 Ford vehicles on fuel leak risks – ET Auto

Baua Electric

auto safety regulator said on Friday it was opening a preliminary evaluation into 210,960 Ford vehicles following complaints alleging diesel fuel leaks that may result in a fire. The agency’s preliminary evaluation is the first step to determine whether the vehicles pose an unreasonable risk to safety.

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Garmin’s Q1 results beat on strong demand for fitness, auto products – ET Auto

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Garmin topped Wall Street estimates for first-quarter results on Wednesday as the Swiss navigation device maker benefited from new launches and strong demand for its products in fitness and auto segments, sending its shares up 9.6%. Garmin’s first-quarter revenue surged 20% to USD 1.38 billion, according to LSEG data.

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Renault talks to China’s Li Auto and Xiaomi on tech collaboration – ET Auto

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Renault held talks this week with China’s Li Auto and Xiaomi on electric and intelligent vehicle technologies , the French carmaker said on Friday, opening the door to potential collaboration on technology with the two companies.

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Tesla to bring LFP battery supply chain to US – Bloomberg News – ET Auto

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Tesla is expanding its battery facility in Sparks, Nevada to bring the supply chain for cheaper lithium iron phosphate batteries (LFP) to the United States, Bloomberg News reported on Wednesday. This year, Tesla’s cheapest cars, the Model 3 compact sedan, lost tax credits for the purchase of EVs under the Inflation Reduction Act.

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BorgWarner raises full-year 2024 adjusted profit outlook – ET Auto

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Auto parts supplier BorgWarner raised its full-year adjusted profit outlook on Thursday, aided by sustained demand from its exhausts, turbos and emission control systems. BorgWarner now expects its full-year adjusted profit per share to be between USD 3.80 and USD 4.15, compared with its prior outlook of USD 3.65 to USD 4.00.

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US opens preliminary probe into Fisker’s cars over brake system issue – ET Auto

Baua Electric

auto safety regulator on Friday opened a preliminary probe into 6,813 Ocean SUVs made by Fisker in 2023, after complaints that the automatic emergency braking system used in the electric vehicles had activated inadvertently. The startup had said in April it failed to make an interest payment of about USD 8.4

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Kolhapur has potential to be auto component mfg hub: Gadkari – ET Auto

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Updated On May 5, 2024 at 03:13 PM IST --> Published On May 5, 2024 at 03:07 PM IST 2 min read --> Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis.

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