Fiat Chrysler announced in late February the construction of a new auto plant in Detroit, the first for 27 years in “Motor City,” as part of a USD 4.5 billion investment plan to create 6,500 jobs in the United States. Montreal: Fiat Chrysler Automobiles (FCA) has announced it will cut some 1,500 jobs at its… Continue reading Fiat Chrysler to cut 1,500 jobs at Canada plant
Author: Economic Times of India Online News
Tesla supplier agrees to buy GM’s S.Korean plant for EV manufacturing
A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song SEOUL: A South Korean supplier of Tesla Inc said on Friday it had agreed to buy a shuttered auto factory from General Motors’ local unit to start contract manufacturing of electric vehicles. The deal… Continue reading Tesla supplier agrees to buy GM’s S.Korean plant for EV manufacturing
Waaree Energies introduces customized solar modules for electric vehicles
The Centre expects there will be a major push to the sale of electric vehicles in Delhi as government departments will procure or hire more of them and a few car major car makers are likely to launch their high range electric vehicles in July. “One of the reasons why people think twice before buying… Continue reading Waaree Energies introduces customized solar modules for electric vehicles
China Evergrande says diversification complete, eyes top electric vehicle spot
Minister for IT, Rohan Khaunte, on Saturday said that the ministry planned to formulate dedicated policies for ESDM and electric vehicles which could see the light of day in the coming year. By Clare Jim HONG KONG: China Evergrande Group wants to be a big player in the electric vehicle industry because of its potential… Continue reading China Evergrande says diversification complete, eyes top electric vehicle spot
Ride-hailing service cheaper than owning a car: Survey
The survey also revealed that two out of three ride-sharing/ride-hailing users avail the service at least once a week, confirming a high potential market for ride-hailing services to grow in the country. NEW DELHI: Two out of three frequent users of shared mobility services consider ride-hailing more economical than owning a car, according to Shared… Continue reading Ride-hailing service cheaper than owning a car: Survey
EU should build autos in US to avoid tariffs: Trump
“The problem is that the Chevrolet will never be accepted in Europe like the Mercedes is accepted here, so it’s not a good deal,” he said. Washington: President Donald Trump said Friday he was using the threat of tariffs to pressure European manufacturers to build more autos in the United States. In a televised interview… Continue reading EU should build autos in US to avoid tariffs: Trump
VW’s Skoda Auto: cannot repeat 2018 pay hikes in new round of bargaining
The average production wage grew 14 percent in 2018 and it is up by 25 percent in the last two years, Skoda said. Czech Republic: Volkswagen‘s Czech unit Skoda Auto does not expect to repeat the strong wage growth agreed in 2018 again in the latest round of collective bargaining, a board member said on… Continue reading VW’s Skoda Auto: cannot repeat 2018 pay hikes in new round of bargaining
Egyptians put the brakes on new car purchases in push for lower prices
The number of registered vehicles rose by 50 percent to 9.9 million between 2012 and 2017, but the increase slowed after 2016. CAIRO: A campaign calling on Egyptians to stop buying new cars to curb price rises has dented sales, but supporters say values must fall further before cash-strapped customers can return to the forecourts.… Continue reading Egyptians put the brakes on new car purchases in push for lower prices
VW accelerates electric push as margin at core brand slips
The profit margin at its core VW brand slipped to 3.8 percent last year. Germany: Volkswagen on Tuesday said it will launch 70 new electric models by 2028, accelerating its rollout of zero-emission cars as earnings revealed the operating margin at its core brand had taken a hit from new emissions tests. The profit margin… Continue reading VW accelerates electric push as margin at core brand slips
GM’s Cruise unit to double headcount
Cruise, valued at about $14.6 billion, also plans to triple its office space in San Francisco. General Motors Co said on Monday its self-driving car subsidiary, Cruise, plans to hire 1,000 more people over the next nine months, as the No.1 U.S. carmaker aims to launch a robotaxi service by the end of 2019. “We… Continue reading GM’s Cruise unit to double headcount