GM Ditches Apple CarPlay in New EV Models - WSJ

U.S. and General Motors (GM) reach settlement in discrimination case

The U.S. Justice Department announced Tuesday that is has reached a settlement with General Motors Co (NYSE: GM) to resolve the department's determination that the American automaker discriminated against non-U.S. citizens in violation of the Immigration and Nationality Act (INA).

Under the terms of the agreement, the company will pay $365,000 in civil penalties.

An investigation... More

CEO Tim Cook 'excited' as Apple (AAPL) opens its first store in India

Apple (NASDAQ: AAPL) opened their first store in India on Tuesday, highlighting the importance of the market to the companys future.

Apple CEO Tim Cook has long viewed India as a key market to Apples future and in February he said he was bullish on the worlds fifth-largest economy and the company is putting a significant amount of energy into the market.

The first store, named Apple BKC, is located in Mumbais Bandra Kurla... More

Evercore ISI on Apple (AAPL): 'Net/Net Apple should have more leverage over Google in future negotiations'

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $190.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "ALL YOU NEED TO KNOW: The NYT reported over the weekend that Samsung is considering replacing Google with Bing as the default search engine on their phones. The report is somewhat surprising given Samsung phones run on the Android operating system created by Google, but we think this event should... More

U.S. Supreme Court declines bid by GM to take up dismissed case against Fiat Chrysler

The U.S. Supreme Court on Monday declined to take up a dismissed racketeering case General Motors (NYSE: GM) brought against Fiat Chrysler Automobiles, now known as Stellantis (NYSE: STLA). The denial was included in a daily order list from the court on Monday.

The justices turned away an appeal by General Motors of a lower court's dismissal of its lawsuit that accused Fiat Chrysler of bribing employee union officials in a bid to undermine GM and pressure... More

Roth/MKM on Alphabet (GOOGL): 'We estimate Google pays approx. $28-31 to distributors in Traffic Acquisition Costs per year with Apple (AAPL)'

Roth/MKM analyst Rohit Kulkarni reiterated a Buy rating and $126.00 price target on Alphabet (NASDAQ: GOOGL).

The analyst comments "We estimate Google pays approx. $28-31 to distributors in Traffic Acquisition Costs per year with Apple (AAPL, NC) accounting for >$20bn per year, and Samsung likely... More

U.S. treasury announces VW, BMW, Nissan, Rivian and others lose access to tax credits

The U.S. treasury announced Monday that automakers Volkswagen, BMW, Nissan, Rivian (NASDAQ: RIVN), Hyundai and Volvos electric vehicles will lose access to a $7,500 tax credit under the new rules for battery sourcing.

The Treasury also said the new requirements, which go into effective on Tuesday will cut credits for the Tesla Inc (NASDAQ: TSLA) Model 3 Standard Range Rear Wheel Drive by half to $3,750 but that other Tesla models will retain... More

Panasonic considers building EV battery plant in Oklahoma

Tesla (NASDAQ: TSLA) battery supplier, Panasonic said on Sunday that the Japanese company is considering building a battery plant in Oklahoma, its third in the United States.

Panasonic has entered into an agreement with the State of Oklahoma that defines the eligibility... More

Apple's (AAPL) move in India could be a 'strategic poker move,' claims Wedbush analyst

Apple (NASDAQ: AAPL) could ramp annual revenue to $20 billion by 2025 in India, according to Wedbush analyst Daniel Ives who has an Outperform rating and $205 price target on the stock.

"This week marks a significant strategic move for Cupertino as Cook will cut the red ribbon on the first India retail stores this week in Mumbai and New Delhi," Ives explained.

He... More

Volkswagen to partner with Vale, Ford (F) and Huayou to build EV battery ecosystem in Indonesia

Indonesian investment minister Bahlil Lahadalia announced Sunday that Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale, Ford and China's battery minerals producer Zhejiang Huayou Cobalt.

Minister Lahadalia said on Sunday that Volkswagen, Europe's biggest automaker, will work with Vale, Ford, Huayou, French... More

Baidu (BIDU) launches assisted driving system

Leading AI company, Baidu (NASDAQ: BIDU) introduced its new automated driving assistance system, Apollo City Driving Max, Sunday at the companys automotive intelligence conference.

he Chinese tech giant claims that the system will enable vehicles to complete point-to-point navigation by themselves, covering major driving scenarios from Chinese highways to urban roads.

The flagship intelligent driving solution is equipped with... More