Zetsche took over as CEO of DaimlerChrysler in 2006 and took the decision to sell Chrysler. OSLO: Daimler’s next chief executive will have a tough job to restore margins at Mercedes-Benz, current boss Dieter Zetsche told Reuters on Wednesday, as Mercedes-Benz launched a new luxury electric car to rival Tesla. Zetsche, who bows out as… Continue reading Daimler CEO says successor will have tough job
Author: Economic Times of India Online News
Automotive Holdings backs AP Eagers’ sweetened $586 mln offer
New vehicle sales in Australia fell by about 8.9 percent in April from a year earlier, according to the Federal Chamber of Automotive Industries. Australian listed car dealer Automotive Holdings Ltd recommended a takeover proposal from larger rival AP Eagers on Wednesday after the suitor raised its indicative offer to A$836 million ($586.2 million). AP… Continue reading Automotive Holdings backs AP Eagers’ sweetened $586 mln offer
Fiat Chrysler shares soar after CEO hints at tie-ups
Sales by the company which makes Fiat, Chrysler, Jeep, Maserati, Alfa Romeo, Dodge and Ram vehicles, slid 4.8 percent to 24.5 billion euros. Milan: Fiat Chrysler (FCA) reported falling profits on Friday, but its share price soared after its CEO indicated that the Italian-US group would have an “active and constructive role” in consolidating the… Continue reading Fiat Chrysler shares soar after CEO hints at tie-ups
Asia in charge of electric car battery production
China also has 80 percent of the world’s capacity to produce refined cobalt using chemical processes. Paris: Global production of batteries for electric cars is concentrated in Asia, with Chinese, Japanese and South Korean firms dominating the sector and building factories in Europe to conserve their supremacy. However Europe is looking to strike back, with… Continue reading Asia in charge of electric car battery production
CK Holdings acquires Magneti Marelli from FCA
NEW DELHI: CK Holdings on Thursday announced the completion of its previously announced acquisition of Magneti Marelli S.p.A.from Fiat Chrysler Automobiles N.V. The combined business will operate under the entity “Magneti Marelli CK Holdings Co., Ltd.” The completion of the transaction is a key milestone in creating a leading global independent automotive supplier. This transaction,… Continue reading CK Holdings acquires Magneti Marelli from FCA
Chilean President visits BYD to emphasize future cooperation
In order to strengthen its environmental protection plans, Chile will reportedly introduce many more BYD pure electric buses in the near future, and order numbers are expected to double. New Delhi: Chilean President Sebastian Piñera paid an exclusive visit to Chinese automotive company BYD’s global headquarters in Shenzhen, emphasizing the “unlimited opportunities” for future cooperation… Continue reading Chilean President visits BYD to emphasize future cooperation
Ride to future: Auto firms are crafting new strategies to stay on track
In this digital era, disruptions have become routine. But not many disruptions are as deep and comprehensive as those facing the automobile industry. With 3% of global car sales today, India is expected to drive half the additional global demand. To be sure, these upheavals have been in the works for a decade now. In… Continue reading Ride to future: Auto firms are crafting new strategies to stay on track
GM adds 400 workers to build mid-engine C8 Corvette
New Delhi: US automaker General Motors will add a second shift and more than 400 hourly jobs at its Bowling Green (Kentucky) Assembly plant to support production of the Next Generation Corvette, which is slated to be revealed on July 18 2019. The addition of the second shift will increase the plant’s workforce to more… Continue reading GM adds 400 workers to build mid-engine C8 Corvette
Carlos Ghosn’s trial to be delayed possibly until next year: Media
Former Nissan Chairman Carlos Ghosn, right, walks out with security guards from Tokyo Detention Center Thursday, April 25, 2019, in Tokyo. Ghosn walked out of a Japanese detention center Thursday evening, his head held high, after paying 500 million yen ($4.5 million) in bail and winning a court rejection of an appeal from prosecutors.Photo/Eugene Hoshiko)… Continue reading Carlos Ghosn’s trial to be delayed possibly until next year: Media
GM’s mostly female board shows it can be done
General Motors is putting forward six women among its 11 board nominees for shareholders to vote on at the automaker’s annual meeting on June 4. Go to Source