Car safety equipment suppliers are fined second time for participating in a cartel. BRUSSELS: The European Commission said on Tuesday it had fined car safety equipment makers Autoliv and TRW 368.3 million euros for setting up a cartel to supply car seat belts, airbags and steering wheels to European car producers. The Commission, which is… Continue reading EU fines car safety equipment makers 368 million euros for cartel
Author: Economic Times of India Online News
Auto industry woes force bearings maker Schaeffler to cut jobs, shares slump
We started later in electric mobility than others did, but we are working now to catch up: Rosenfeld FRANKFURT: German bearings maker Schaeffler said it would cut 900 jobs, shut plants and reduce its product range after its 2018 earnings slumped due to weak demand in Europe and China and it warned of a challenging… Continue reading Auto industry woes force bearings maker Schaeffler to cut jobs, shares slump
Purely electric vehicle platform in long term, EV based on Ford platform on anvil: M&M
When asked about overall new product pipeline, Goenka said in the recent past the company has done three launches of Marazzo, Alturas G4 and XUV 300. Mahindra & Mahindra (M&M) foresees developing electric vehicle (EV) only platforms in the long term although it will continue to leverage on its internal combustion engine vehicle platforms to… Continue reading Purely electric vehicle platform in long term, EV based on Ford platform on anvil: M&M
EU to issue formal complaints to carmakers over emissions collusion: Handelsblatt
BMW declined to comment. Volkswagen also said it was unable to comment on the audit. FRANKFURT: The European anti-trust watchdog plans to send formal complaints to BMW, Daimler and Volkswagen this spring, in which the EU regulator will make detailed allegations regarding collusion on emissions of diesel engines, Handelsblatt reported on Wednesday. In a so-called… Continue reading EU to issue formal complaints to carmakers over emissions collusion: Handelsblatt
Fleets are the way towards popularisation of electric vehicles: Anand Mahindra
By Munish Shekhavat Geneva: For Mahindra group, from whose stable electric luxury supercar Battista is being rolled out, the path to mass adoption of electric vehicles will be through fleet such as Ola, according to the group’s Chairman Anand Mahindra. At present electric vehicles (EVs) are out of reach of price sensitive buyers, specially in… Continue reading Fleets are the way towards popularisation of electric vehicles: Anand Mahindra
Jaguar’s Indian revival choked on European diesel, China slump
By Bruce Einhorn The purchase of the storied Jaguar and Land Rover auto brands in 2008 handed India’s Tata Group a challenge that had long frustrated Ford Motor Co., the British marques’ previous owner: How to eke out a profit. For a while, Tata seemed to have found the answer. Within a couple of years… Continue reading Jaguar’s Indian revival choked on European diesel, China slump
Tata Motors February domestic sales decline by 3%
NEW DELHI: Home-grown automaker, Tata Motors witnessed a drop of 3% in sales in the domestic market at 57,221 units as against 58,993 units sold over last year as weak consumer sentiments continued in February 2019.The cumulative sales for the domestic market (April 2018 -February 2019) grew by 18% with 610,108 units as compared to… Continue reading Tata Motors February domestic sales decline by 3%
Thank You Government, says Auto Industry after FAME-II approval
NEW DELHI: The approval of Rs 10,000 Faster Adoption and Manufacturing of Electric & Hybrid Vehicles (FAME II) has brought excitement and cheer all around the automotive industry. The much awaited scheme to promote electric and hybrid vehicles has been welcomed as major push towards scalability of green mobility in the country. The Society of… Continue reading Thank You Government, says Auto Industry after FAME-II approval
Martin Eberhard calls Tesla his ‘baby’, talks about being ousted from company’s board
Eberhard believes the time is ripe for technology disruption. What if someone else gets credit for your company? Ask Tesla co-founder Martin Eberhard. Martin Eberhard, who founded Tesla in the early 2000s before he was ousted from the board, is still steadfast on the efficacy of electric vehicles. “I didn’t start as an electric car… Continue reading Martin Eberhard calls Tesla his ‘baby’, talks about being ousted from company’s board
VW shuffles management responsibilities at core brand
VW brand’s chief operating officer Ralf Brandstaetter will take over responsibility for quality assurance and value engineering. FRANKFURT: Volkswagen shuffled management responsibilities at its core brand on Monday, freeing up Group CEO Herbert Diess to oversee the carmaker’s radical strategy to mass produce electric cars. The German multi-brand car and truck making giant, which also… Continue reading VW shuffles management responsibilities at core brand