Billionaire innovator Elon Musk has confirmed that Tesla is still working on an electric semi truck, but stressed that the company's primary focus for this year will continue to be on the Model 3.

With the electric semi truck dubbed "Tesla Semii," Tesla wants to appeal to a larger audience. If the company successfully manages to place an electric semi truck in the cargo industry, then the costs of shipping can be significantly decreased globally.

In a recent report (via Reuters), German publication Welt am Sonntag has disclosed that bigwig automaker BMW is planning to launch a redesigned next-generation BMW i3 electric vehicle in 2017.

According to the report, the redesigned i3 electric vehicle being planned by BMW for launch next year will boast an updated design of both its front and rear ends, and a longer range as compared to the previous i3 models.

In its filing with the U.S. Securities Commission on Friday, Israeli firm Mobileye - a company known for its vision systems for vehicles - accused its former partner Tesla Motors of allowing the drivers of its electric vehicles to drive hands-free while using the 'Autopilot' driving assistance system even despite Mobileye's objections.

According to a Reuters report, bigwig German car manufacturer Daimler plans to launch at least 6 - and, probably, 9 - "electric" models by the year 2024, to pose a potential challenge to electric vehicles manufactured by Tesla motors and other automakers.

The report -- based on the information shared by an unidentified source familiar with the proceedings at Daimler -- indicates that Daimler is pretty serious about its electric vehicle plans, which it has been talking about quite openly in recent times.

On Tuesday, Fiat Chrysler Automobile's, American-based operations reported sales numbers after revising its reporting practices in the US, amid investigations being conducted by federal officials a

Luxury automaker and aerospace manufacturer, Rolls-Royce has entered into an agreement with Mubadala Development Company for setting up a new Approved Maintenance Centre (AMC) inAbu Dhabi.

The two sides also confirmed plans for setting up a new manufacturing facility for producing aero engine components in the country. The Mubadala Development Company, which is an investment and development organisation based in Abu Dhabi, is aiming to create a state of the art aerospace help in partnership with the company.