China blowback looms for Schumer’s Innovation and Competition Act
After months of discord and delay, the House will soon be moving ahead on Senate Majority Leader Chuck Schumer’s China-targeted $250 billion U.S.
Canada’s power chip maker GaN Systems raises $150 million, pushes on electric car market
-Canadian power chip maker GaN Systems on Tuesday said it raised $150 million in a funding round led by Fidelity Management & Research as it seeks to expand its market share, including a big push into the electric car market.
Ferrari Motorsport Festival in Riyadh puts Saudi Arabia ‘on the map’ for motorsports and car events
The Ferrari Motorsport Festival kicked off on Friday with a two-day event bringing awesome displays of racing cars, professional Formula One drivers, and epic spectacles to the fans.
Porsche-inspired Marsien off-roader star of the Riyadh Car Show
RIYADH: A Porsche-inspired off-roader called the Marsien stole the hearts of car enthusiasts at the Riyadh Car Show, as it debuted for the first time in the Kingdom. Known as Project Sandbox while under testing, the bespoke Marsien by Marc Philipp Gemballa shook the world with its surreal promises and design when it first launched in 2021, offering only 40 cars on completion. “A lot of people have been waiting to see the Marsien and this is the first time some of our clients here in Saudi Arabia are seeing it in person,” said Gemballa. “The Riyadh Car Show has been put together so well.
SAMACO Automotive launches the world’s largest Bugatti showroom in Riyadh
Bugattis were first manufactured in 1909 in France by the Italian Ettore Bugatti.
Ford, GlobalFoundries partners to offset chip supplies shortage
RIYADH: US Ford Motor Co. will explore buying chips directly from GlobalFoundries, as a response to a global semiconductor shortage that’s crimped profits and production, Bloomberg reported.
Electric vehicles spark discord at Biden’s trilateral summit
Canadian Prime Minister Justin Trudeau came to Washington this week fuming about President Joe Biden’s proposed tax incentive to encourage U.S. consumers to buy American-made electric vehicles.
Car show to bring more than 600 exotic and rare automobiles to Riyadh
What is considered to be the biggest car show in the region opened its doors to the public on Thursday displaying more than 600 exotic and rare automobiles in one venue for all eyes to see.
Rivian sees $23bn wiped out following recent market debut
RIYADH: The runaway five-day rally in Rivian Automotive Inc. came to an abrupt halt on Wednesday, wiping out over $23 billion from the newly public automaker.
US law signed by President Joe Biden will require new cars to detect drunk drivers
Breath-sniffing sensors and finger-scanning detectors are central to a landmark safety mandate in the United States to fight drunk driving.