Global

Ford CEO Jim Farley at the company's Dearborn, Michigan, plant where it's building the electric F-150 Lightning on April 26, 2022.CNBC | Michael WaylandDEARBORN, Mich. — Ford Motor has set its sights on topping Tesla in the race to become the global leader in electric vehicles, CEO Jim Farley said Tuesday.The goal is the most ambitious yet for the Detroit automaker in its EV push. Farley has previously said Ford plans to be the country's No. 2 automaker in EV sales, behind Tesla, by mid-decade."We plan to challenge Tesla…

Europe's antitrust chief Margrethe Vestager, the architect of landmark rules to curb the power of US tech giants, called on Thursday for a global approach towards Big Tech to prevent companies taking advantage of enforcement gaps.Vestager, who has handed out billions of euros in fines to Alphabet's Google and launched investigations into Apple, Amazon and Meta Platform's Facebook, said there was global agreement on the issues raised by large digital platforms."This debate is no longer a hot topic amongst competition…

A new study led by International Institute for Applied Systems Analysis (IIASA) researchers proposes a novel method to estimate global economic wellbeing using nighttime satellite images.Despite successes in reducing poverty globally in the last two decades, almost one billion people still live without access to reliable and affordable electricity, which in turn negatively affects health and welfare, and impedes sustainable development. It is critical to know where these people are located if assistance and infrastructure…

Credit: Pixabay/CC0 Public Domain Despite successes in reducing poverty globally in the last two decades, almost one billion people are still living without access to reliable and affordable electricity, which in turn negatively affects health and welfare, and impedes sustainable development. Knowing where these people are is crucial if aid and infrastructure are to reach them. A new International Institute for Applied…

Roku Inc. ROKU 5.83% has teamed with private-equity firm Apollo Global Management Inc. APO 3.73% to bid for a minority stake in the pay-TV and streaming service Starz, which is known for series like “Outlander” and “Power,” according to people familiar with the situation. In November, movie and television production company Lions Gate Entertainment Corp.…

It is becoming increasingly difficult for Indian automakers to control input costs as they are dependent on China and Japan which are facing supply chain woes, resulting in price hikes across vehicle ranges, according to a new report.Indian automakers are responding to raw material price hikes by at least 2 per cent price hike on average, according to Counterpoint Research.KIA Motors has increased prices of all its vehicles. Maruti Suzuki, India’s largest passenger vehicle (PV) maker, has also increased the average price…

German automotive conglomerate Volkswagen Group has shared positive Q1 reports, outlining a robust business despite global inhibitors like supply chain shortages and conflict in Eastern Europe. With its 2022 outlook optimistically confirmed, Volkswagen is expanding investments in R&D that includes new EV technologies as well as major funds to bring more BEVs to North America. In a press release today, Volkswagen Group outlined sales revenue of EUR 62.7 billion ($66.1 billion) – up 0.6%, plus an operating…

The drought in chip availability that has hit auto production, raised electronics prices and stoked supply-chain worries in capitals around the globe has a new pain point: a lack of chips needed for the machines that make chips, industry executives say.The wait time it takes to get machinery for chip-making—one of the world’s most complex and delicate kinds of manufacturing—has extended over recent months. Early in the pandemic it took months from placing an order to receiving the equipment. That time frame has stretched…

The Global New Car Assessment Programme (Global NCAP) under its Safer Car for India Mission has crash-tested various made-in-India cars and ranked them. The participating vehicles have been evaluated in terms of the safety of adult passengers and child occupants in a crash where only the front two airbags were functional.The list has largely been dominated by Indian automakers such as Mahindra and Tata Motors. If want to buy a new car and wish to know the safety standards of vehicles in the market, check out the list…

Princeton University researchers reported that unless greenhouse gas emissions are curbed, marine biodiversity could be on track to plummet to levels not seen since the extinction of the dinosaurs. The study authors modeled future marine biodiversity under projected climate scenarios and found that species such as dolphinfish (shown) would be imperiled as warming oceans decrease the ocean’s oxygen supply while increasing marine life’s metabolic demand…