Tech

Paris taxi firm suspends use of Tesla cars after car crash

Published

3 years ago

December 15, 2021

Paris’ leading taxi company, G7 has suspended the use of Telsa Mode 3 vehicles within its fleet following a fatal accident involving on of its vehicles over the weekend

The Deputy Chief Executive of G7 taxis, Yann Ricordel confirmed that an off-duty taxi driver was taking his family to a restaurant when the accident happened on Saturday evening.

The accident killed one person. Twenty others were wounded, one of the persons close to the investigation said, adding that three were in serious condition.

According to French media reports, the Tesla collided and hit a cyclist and three pedestrians and then crashed into a van, and seven people were seriously injured.

G7 said it would suspend the use of 37 Tesla Model 3 cars in its fleet until a police investigation into the case is completed.

Tesla has not responded to the incident

Ricordel cited Tesla as saying on Monday that an initial inquiry had ruled out a technical dysfunction of the vehicle. The G7 executive said the driver had tried to brake but the car instead accelerated. It was unclear if the car was operating in Autopilot mode.

Jerome Coumet, mayor of Paris’ 13th arrondissement, said on Twitter, “The first elements of the investigation indicated that the accelerator would have gotten stuck.”

Ricordel said: “Today, we have two divergent views on the subject. We will maintain the suspension of the Tesla Model 3 while the investigation is ongoing, as a safety measure for our drivers, customers and other road users.”

Tesla collects detailed data from the sensors and cameras on its vehicles and has used such data in the past to challenge claims that accidents were caused by malfunctioning technology.

Ricordel said the Tesla Model 3 owners in its fleet would be fully compensated for lost earnings during the suspension and that the company was looking for alternatives so the drivers could resume driving for G7 as soon as possible.

Ricordel stated that the G7 was in contact with the government as it awaited the outcome of the police investigation.

G7 is one of Paris’ biggest taxi companies, with 9,000 affiliated drivers, who are independent operators who own their vehicles. Half of the G7 fleet are electric or hybrid vehicles and the company aims to have a 100% green fleet by 2027.

Tech

Apple shifts iPhone production to India by 2026

Apple plans to shift most iPhone production to India by 2026, reducing tariff risks amid geopolitical tensions.

Published

4 days ago

April 25, 2025

Ahron Young

Apple plans to shift most iPhone production to India by 2026, reducing tariff risks amid geopolitical tensions.

In Short

Apple plans to import most US iPhones from India by 2026 to minimise tariff risks and geopolitical tensions with China, doubling production to over 80 million units.

This shift follows disruptions from Covid and aims to fully source US-bound iPhones from India by next year, leveraging recent tariff exemptions.

Apple Inc. plans to import the majority of iPhones sold in the US from India by 2026 in an effort to reduce tariff risks and geopolitical tensions associated with China.

The company aims to double its annual iPhone production in India to over 80 million units, up from just over 40 million in the fiscal year ending March 2025. Apple sells more than 60 million iPhones annually in the US.

This move highlights Apple’s ongoing shift away from China, which began after Covid lockdowns disrupted production. Tariffs imposed during former President Trump’s administration and rising tensions between the US and China have further driven this strategy.

Supply chain

Earlier reports indicated that Apple intends to source all US-bound iPhones from India by the end of next year. Therefore, the focus on India’s supply chain is expected to increase significantly.

Apple assembled around $22 billion worth of iPhones in India recently, experiencing a nearly 60% production increase year-on-year. Currently, 20% of iPhones are made in India, while China remains the largest production hub.

Most iPhones in India are assembled at Foxconn’s factory, and Tata Group also plays a critical role in manufacturing. Both companies are expanding their operations in southern India.

Additionally, recent tariff exemptions for electronics may benefit Apple significantly, as iPhones made in India currently face no duties for US sales.

Tech

Musk’s bombshell announcement as Tesla profits plunge

Tesla faces 71% net income drop in Q1 2025 amid falling revenue and vehicle deliveries; expert insights in the latest Ticker episode.

Published

6 days ago

April 23, 2025

Ahron Young

Tesla faces 71% net income drop in Q1 2025 amid falling revenue and vehicle deliveries; expert insights in the latest Ticker episode.

Tesla has reported a dramatic 71% decline in net income for the first quarter of 2025, missing Wall Street expectations.

Revenue also fell 9% to $19.3 billion, largely due to slumping automotive sales in major markets like the U.S., China, and Germany.

A 13% drop in vehicle deliveries, tied in part to CEO Elon Musk’s political controversies, has investors worried.

Brad Gastwirth from Unearthing Opportunities joins us to unpack the numbers and what’s next for Tesla.

Tech

Nvidia to build AI supercomputers in the U.S. for first time

Nvidia invests $500 billion in U.S. AI supercomputers, shifting production to Texas to strengthen supply chains and boost domestic growth amid rising tariffs and national tech pressures.

Published

2 weeks ago

April 18, 2025

Veronica Dudo

Nvidia invests $500 billion in U.S. AI supercomputers, shifting production to Texas to strengthen supply chains and boost domestic growth amid rising tariffs and national tech pressures.

Nvidia to build AI supercomputers in the U.S. for the first time — a $500 billion move that could redefine the global tech industry.

With new tariffs on imports from China and Taiwan, the chip giant is shifting production to Texas, partnering with Foxconn and Wistron.

Nvidia says the decision will strengthen its supply chain and boost domestic economic growth.

The announcement comes amid growing pressure to secure national tech infrastructure and reduce reliance on Asia. How will this impact jobs, prices, and America’s AI ambitions?

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