CWEB Business News
Luxury automaker Lamborghini in Web3 with latest NFT drop an ‘Epic Road Trip’
If you have always dreamed of going to the moon but wondered how to do so, just pick non fungible tokens (NFTs) from luxury car manufacturer...
- / 5 months ago
With a recent statement regarding its Functions on Demand system, which allows customers to choose to pay monthly subscriptions for certain options, BMW received criticism from every corner of the internet. The initial news about BMW’s heated seat subscription in Korea is what got fans all around the world to...
- / 6 months ago
A Missouri woman might receive $5.2 million from car insurance firm GEICO after claiming she contracted a sexually transmitted disease while having sex with her ex in a car. The woman is suing for monetary damages after claiming she got HPV from an insured member, reports said. She wanted a...
- / 6 months ago
Sony Group Corp. has joined with Honda to build its first electric vehicle. The high-end model is expected to provide entertainment including movies and video games, which would cost extra. The Sony-Honda electric car venture will outsource manufacturing to Honda while Sony will build several functions that would make it...
- / 9 months ago
On Friday, ride hailing and food delivery company Uber said that it would be adding a temporary surcharge on fares as well as for food deliveries through Uber Eats. The hike in fare in both the U.S. and Canada was due to the rise in gas prices. The additional fee...
- / 11 months ago
The Los Angeles County District Attorney’s Office has charged a Tesla driver with vehicular manslaughter. The driver of the Tesla was involved in a fatal collision that was related to Autopilot. Although the charge by California prosecutors was filed in October, AP was the first to report the news after...
The gigafactory of electric vehicle (EV) maker Tesla in Germany is in the final stages of completion after two years. However, the mega project is facing a few local hurdles, before it can be up and running next year. The factory could begin production early next year. Earlier in October,...
A Finnish owner of a Tesla S Model was so upset with the high cost of a replacement battery for his electric vehicle that he blew up the car using 66 pounds of dynamite. Tuomas Katainen asked Finnish YouTubers to blow up his car and they obliged. They...
On Thursday, investor David Wagner filed a lawsuit against Tesla with the Delaware Court of Chancery. The suit is not against Musk but he wants to get access to records and books related to Musk’s tweets. These include documents that that would identify whether the stock sales tweets were reviewed...
On Tuesday, Elon Musk, the chief executive officer (CEO) of Tesla Motors tweeted that the electric vehicle (EV) maker will accept crypto currency Dogecoin for buying merchandise on a trial basis. The Doge shot up by 24 percent after the post and was $0.195. In his tweet, Musk said that...
An American race car driver Christine Dodworth set a new record for the Tesla Model S Plaid, earlier this month at the Maryland International Raceway. The test drive took place during the Hot Rod Magazine Dragweek, according to a report by electrek. The Tesla Plaid S that achieved an...
On Monday, JP Morgan Chase Bank filed a lawsuit against Tesla Inc. at the U.S. District Court, Southern District of New York, which is in Manhattan. The bank said that the electric vehicle (EV) maker failed to make payments to the bank on warrants deal. The lawsuit centers...
Analyst Adam Jonas of Morgan Stanley has predicted that Ferrari’s stock price will benefit as Ferrari moves to manufacture electric vehicles. Tesla shares hit another high on Monday trade but analyst Jonas still calls Ferrari his favorite stock. The luxury car maker has not even entered the electric vehicle...
Elon Musk has lost $50 billion as Tesla stocks fell this week. On Saturday, Musk had posted a Twitter poll asking if he should sell 10 percent stocks. He said that he would abide by the poll decision. About 57 percent polled yes. On Monday and Tuesday the electric...
Walmart delivery business has grown dramatically since the pandemic as consumers have increasingly spent time at home, and last April. Walmart launched a service to bring orders to customers’ doorsteps within two hours. Drone delivery has been tested by Walmart also. Walmart Inc. (NYSE: WMT) and Gatik announced today that Gatik...
On Thursday, a bankruptcy judge began hearing arguments on claims filed by dozens of Hertz customers. They say that they were falsely arrested and some of them were even jailed as the rental company reported that the cars they had rented had been stolen. The Florida based giant refuted...
About 32,000 Ford salaried workers to come under COVID vaccine mandate as per federal contract guidelines
Ford Motor, one of the largest automakers in the nation, is imposing a vaccine mandate on its salaried workers. U.S. employees have get vaccinated by December 8, as per a report by CNBC. Unvaccinated workers could face unpaid leave. Company spokesperson Monique Brentley said Ford was categorized as a...
Chinese Electric Vehicle (EV) maker Xpeng launched a new car on Sunday, through HT Aero, its affiliate. This car is not like other cars as it is a flaying car that can also be operated on roads. The firm said that it plans to rollout the car within three...
In the third quarter of the year, Tesla Inc. delivered 241,300 cars across the world. These numbers were much better than what was expected according to earlier forecasts. The number of cars delivered by the electric vehicle (EV) maker is under close scrutiny as it is considered to be an...
Tesla has filed with the Texas Public Utility Commission to generate electricity to sell it directly to the public. The filing it plans to sell electricity directly to consumers, mainly to Tesla cars owners. Tesla has a solar energy unit which installing solar panels on homes and building that link...
On Monday, electric vehicle (EV) manufacturer Tesla announced that its second quarter profit had crossed a billion dollars. Despite a chip shortage during the pandemic that affected other car manufacturers, Elon Musk led Tesla announced excellent results in the April to June quarter of this year. The second quarter...
On Thursday, San Francisco based Uber Freight, the ride hailing company’s trucking division said that it is buying Transplace, a shipping software company in a deal where the company is valued at $2.25 billion. Uber’s stock rose slightly on Thursday morning. Transplace is an asset of the TPG group...
The Tesla founder Elon Musk recently tweeted overnight lauding China for its prosperity and growth. He also posted the message on Weibo — a Chinese platform that has copied Twitter — feature wise. He responded to a post by China Xinhua News. He was criticized by many people on...
Didi, the largest ride hailing company in China, has gone public in the U.S. On Tuesday, the company was able to raise $4.4 billion. According to the company, this placed it at the top of its indicated range and the number of shares sold were increased. The firm sold...
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