Indonesia’s government proposes levying taxes on CO2 emitting vehicles

On Wednesday, Indonesia’s Finance Minister Sri Mulyani Indrawati submitted a proposal to the country’s parliament proposing to levy tariffs on sugar and artificially sugar-sweetened drinks; she has also proposed levying taxes on vehicles that emit carbon dioxide. She has also asked parliament to reconsider her proposal to impose an excise on plastic bags in order…

Tata Group launches electric vehicle (EV) ecosystem in India

India’s steel-to-autos conglomerate Tata Group, is making a big effort towards clean vehicles; it plans on producing electric cars and batteries, build recycling plants and set up charging stations around the country, said senior executives said on Tuesday. They went on to add, more than half a dozen companies, including Tata Chemicals, Tata Motors, Tata…

BMW Group reports records sales for 2019 topping the premium passenger car segment

On Friday, BMW stated, it has sold 2.52 million Rolls-Royce, BMW, and Mini vehicles in 2019, topping the premium category car group, ahead of Daimler. On Thursday, Daimler had reported that it had sold 2.34 million Mercedes-Benz passenger cars in 2019 – its ninth consecutive year of record sales. In a statement BMW said in…

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China’s Geely and Mercedes Benz launch $780M joint venture to produce EV under same brand

On Wednesday, Mercedes-Benz and Zhejiang Geely Holding Group Co Ltd stated, they would each invest $388.77 million (2.7 billion yuan) in a China-based venture to build “premium and intelligent electrified” vehicles under the smart brand. The 50:50 joint venture has already got regulatory approval and will be based in the Chinese coastal city of Ningbo,…

German automotive supplier Robert Bosch develops affordable mass market Lidar technology

On Thursday, German automotive supplier Robert Bosch stated, it has developed a sensor that allows cars to “see” the road in three-dimensions. The development could potentially lower the cost of technology and speed up the development of self-driving vehicles. In a statement, privately-held Bosch said, its internally-developed lidar sensor, which it will showcase at the…

Japan’s Isuzu Motors likely to enter into alliance with Sweden’s Volvo AB

On Wednesday, Japanese truck maker Isuzu Motors disclosed, it plans on tieing up with Sweden’s Volvo AB, in order to deepen its grip on next-generation technologies including electrification and autonomous driving, Japan’s Yomiuri newspaper reported that Isuzu would be holding a news conference at 0600 GMT in Tokyo on an “alliance” without elaborating.