HANOI (Reuters) – Vietnam's VinFast said on Saturday it would recall 730 of its model VF e34 electric cars (EVs), which are available only on the domestic market, to make checks and replace their side crash sensors.
VinFast, which began operations in 2019, is a unit of Vietnam's biggest conglomerate Vingroup and has sold 2,208 EVs in total since its launch late last year.
"The side crash sensor of the airbag system equipped with the VF e34 model is likely to encounter an incompatibility error with the airbag controller… and therefore may send an incorrect signal to the controller," VinFast said in a statement.
The company said it has not recorded any breakdowns or complaints from customers about the sensor errors.
VinFast, which ceased gasoline-powered car production in August, is gearing up to expand in the U.S. market, where it hopes to compete with legacy automakers and deliver its first batch of 5,000 all-electric sport utility vehicles in November.
The company has registered almost 65,000 reservations globally, and it expects to sell 750,000 EVs per year by 2026, starting with the VF8 and VF9 all-electric SUVs.
In March, VinFast said it would build a production plant in North Carolina with an initial projected capacity of 150,000 EVs a year. It tapped banks in July to raise least $4 billion in funding for the project.
(Reporting by Phuong Nguyen; Editing by Ros Russell)
(Bloomberg) — The European Central Bank is being purposefully vague on how far interest rates will have to rise to ensure inflation returns to the 2% goal, according to Chief Economist Philip Lane.Most Read from BloombergNATO-China Tension Over Ukraine Flares at Conference in IcelandSecret Service Minimized Threats Before Jan. 6, Records ShowDeSantis Chief of Staff Planned Migrant Flights, Documents ShowPolicymakers agreed at their last session in September that rate hikes will be needed at the
(Bloomberg) — Bayanat, a geospatial and data analytics firm owned by Abu Dhabi’s G42, plans to raise $171 million from an initial public offering, joining a steady flow of Gulf companies tapping the capital markets.Most Read from BloombergNATO-China Tension Over Ukraine Flares at Conference in IcelandPound and UK Bonds Rally; US Stock Futures Advance: Markets WrapRussia Hits Ukrainian Capital Kyiv With Kamikaze DronesThe firm plans to sell a 28.5% stake, or 571.4 million shares, at 1.1 dirhams
Air Force and aerospace suppliers are looking to upgrade the vintage fleet as newer systems take years to come online.
The new Mercedes EQE SUV should arrive in the U.S. in 2023. The performance AMG version will arrive about a year later in 2024.
Earlier this week, I took a quick jaunt over to Phoenix to check out what Waymo is up to on the trucking and robotaxi fronts. It's been a minute since I took a driverless ride in a Waymo. This time, I took a spin in downtown Phoenix in a driverless Jaguar I-Pace (sans human safety driver).
The European Union's proposed 2035 ban on fossil-fuel cars should be renegotiated to give hybrid models a greater role in the transition to zero-emission vehicles, Stellantis chief executive Carlos Tavares said on Monday. "It's essential," Tavares said during a news conference at the Paris Motor Show, when asked if talks on the ban were needed. Tavares' comments come as the EU is currently finalising a package of climate proposals, which currently includes an effective ban on the sale of new fossil-fuel vehicles from 2035.
What are they, technophobes?
The etching event is meant to make it easier to track a catalytic converter’s rightful owner.
The Marine Corps has halted some operations of its new amphibious combat vehicles after one of the armored vehicles rolled over in surf during training off California's Camp Pendleton. The vehicle had a “mechanical malfunction," according to the Marine Corps, which banned the vehicles from going into or out of surf zones, except for testing, while more analysis is performed. It was the second time this year that restrictions have been placed on the use of amphibious combat vehicles.
Are EVs actually more cost-effective and environmentally-friendly than their gas-powered counterparts?
Cruise never planned to make its own silicon. Cruise realized that the price of chips from suppliers was too high, the parts were too big and the reliability of the third-party technology just wasn’t there, Carl Jenkins, Cruise’s vice president of hardware, told TechCrunch during a tour of the company’s hardware lab last month. Amid a hiring spree that began in 2019 and continued into 2020, Cruise doubled down on its own hardware, including its own board and sensors.
If a model that suits your taste is on the chopping block this year, now might be a great time to find a deal.
Commuters may think of a train ride as a dull, bare-bones trek on the Long Island Railroad or even an affordable Amtrak trip. Either of these modes of transportation will get you where you're going….
The new generation of tech is no longer just for glorified taxi services.
Ocala police officials said the victim had an electric scooter with him at the time of the crash.
The new Mercedes wears several hats: EV alternative to the GLE, smaller than the EQS SUV, more spacious than the EQE sedan—and an AMG version is coming in 2024.
The 2020 Harley-Davidson overturned in the road after colliding with the animal, according to South Carolina Highway Patrol.
Sounds pretty apocalyptic…
EVs generally require less maintenance than their internal-combustion counterparts but they are still complex machines that require service and maintenance.
Thieves are using cloned key fobs to steal Dodge muscle cars and other high-powered vehicles directly from dealerships and even automakers in Michigan, then selling them for tens of thousands of dollars less than their value, according to authorities and court records. For one Ohio-based theft ring, it all came crashing down after a January holdup of a U.S. postal worker led authorities to connect several men to brazen car thefts in the Detroit area, long home to the country’s biggest automakers, including Dodge, which is now owned by international conglomerate Stellantis. Investigators then discovered that new Chargers, Challengers, Durangos and Ram pickups worth $50,000 to $100,000 were turning up in Ohio, Indianapolis and East Coast shipping ports after being sold on the street for $3,500 to $15,000, according to a criminal complaint.