Author: Economic Times of India Online News

Nissan to cut or transfer about 1,000 jobs in Thailand

The struggling Japanese carmaker has said that it would cut 9,000 jobs worldwide after posting a worse-than-expected July-September quarter earnings. In the United States, about 1,000 staff are leaving Nissan by the end of this year by accepting early retirement packages. Nissan Motor will cut or transfer about 1,000 jobs in Thailand by autumn 2025… Continue reading Nissan to cut or transfer about 1,000 jobs in Thailand

Transport assets worth USD 400 bn in India exposed to climate hazards: Report

According to the report, in South Asia transport assets worth approximately USD 575 billion are exposed to climate hazards as of 2022, posing risks to a sector that contributes four to eight per cent of the region’s GDP. New Delhi, Transport assets worth approximately USD 575 billion in South Asia, including USD 400 billion in… Continue reading Transport assets worth USD 400 bn in India exposed to climate hazards: Report

Automakers urge Trump to preserve EV tax credits, boost self-driving cars

This week, Reuters reported Trump transition team plans to target federal regulations championed by President Joe Biden that aim to make automobiles more fuel-efficient and incentivize a shift toward EVs. A group representing major automakers including General Motors, Toyota Motor Corp, and Volkswagen urged President-elect Donald Trump to retain key tax credits for electric vehicle… Continue reading Automakers urge Trump to preserve EV tax credits, boost self-driving cars

NDMC launches ‘night cleaning drive’ amid Delhi’s ‘very poor’ AQI levels

However, several areas in Delhi remained under the ‘severe’ category, with Anand Vihar recording an AQI of 405, Ashok Vihar 414, Bawana 418, Dwarka Sector-8 401, Mundka 413, and Wazirpur 436. New Delhi: In an effort to curb pollution levels, the New Delhi Municipal Corporation (NDMC) carried out night cleaning and sweeping of roads at… Continue reading NDMC launches ‘night cleaning drive’ amid Delhi’s ‘very poor’ AQI levels

In high-wage Germany, VW’s labour costs outstrip the competition

The dataunderscores the company’s challenge to remain competitive in its pricey home market as cheaper models from China arrive. As Volkswagen and unions gear up for the next round of talks over wages and plant closures in Germany, company and industry data reviewed by Reuters show that the automaker spends a higher proportion of sales… Continue reading In high-wage Germany, VW’s labour costs outstrip the competition

US senators push auto safety agency to finalise vehicle rules

A 2021 infrastructure law included 10 new auto safety provisions including modernizing standards for crash avoidance technologies, automatic engine shutoff devices and headlights. A group of nine Democratic senators on Wednesday urged U.S. auto regulators to move quickly to issue new vehicle safety rules in the face of traffic deaths that remain significantly above pre-COVID… Continue reading US senators push auto safety agency to finalise vehicle rules

Mexico warns about Trump tariff impact on U.S. companies

Ebrard also said that top carmakers such as Ford had no plans to move production from Mexico. Mexico’s top economy officials on Tuesday downplayed concerns about trade talks with Donald Trump’s administration, saying the potential impact on American companies could give the incoming U.S. president second thoughts about levying massive tariffs. Trump campaigned on a… Continue reading Mexico warns about Trump tariff impact on U.S. companies

Africa’s electric vehicle firms look to COP29 for finance boost

“When you come to COP, a lot of good things are said, but the follow up – that’s always been challenging,” he said. As the evening rush hour descends upon Nairobi, Kenyan motorcycle taxi driver Kariuki Mwangi skilfully weaves through the congestion on his electric bike, acutely aware that a quiet revolution is humming beneath… Continue reading Africa’s electric vehicle firms look to COP29 for finance boost