President Moon Jae-in has made job creation a top priority since unemployment rates hit a 17-year high last year. SEOUL: Hyundai Motor announced on Thursday a $48 million investment in a contract auto manufacturing joint venture in South Korea that will create 1,000 new jobs but prompted strong protests from its unionised workers. Hyundai‘s first… Continue reading Hyundai Motor to invest $48 million in low-wage carmaking joint venture
Author: Economic Times of India Online News
Maruti Suzuki calls for reduction in taxes on automobiles
Tax on automobiles in India is higher compared to many other countries and there is a need to reduce it in order to create demand and develop the industry, Maruti Suzuki India Managing Director and Chief Executive Officer Kenichi Ayukawa said Wednesday. Currently, automobiles attract peak GST rate of 28 per cent with additional cess… Continue reading Maruti Suzuki calls for reduction in taxes on automobiles
Maruti Suzuki aims to tap start-up ecosystem with Mobility & Automobile Innovation Lab
This initiative will help Maruti Suzuki leverage the innovation capability of startups to provide unique solutions in the mobility and automobile space. The country’s largest car maker Maruti Suzuki on Monday launched a program – Mobility & Automobile Innovation Lab (MAIL) to tap into the start up world and promote innovation in India for automobile… Continue reading Maruti Suzuki aims to tap start-up ecosystem with Mobility & Automobile Innovation Lab
BHEL, Libcoin to build India’s first lithium-ion battery plant: Govt
New Delhi: State-run BHEL and Libcoin are in talks to form a consortium to initially build a 1GWh lithium-ion battery plant in India, the government said Friday. The plant’s capacity will be scaled up to 30GWh in due course. “BHEL will be sending a team of senior officers for study of the facilities, R&D infrastructure… Continue reading BHEL, Libcoin to build India’s first lithium-ion battery plant: Govt
Karma Automotive partners with Pininfarina
CHENNAI: Southern California-based Karma Automotive and the iconic Italian luxury design and engineering house Pininfarina have formed a partnership, Karma CEO Dr Lance Zhou announced today. The collaborative effort will unite each partner’s commitment to beautiful luxury automotive design and is a major addition to Karma’s growing list of strategic business partners who will play… Continue reading Karma Automotive partners with Pininfarina
Chinese steelmaker Tsingshan Holding Group to invest $3 billion in Dholera for en electric battery plant
Chinese steelmaker Tsingshan Holding Group will invest $3 billion in Dholera, its founder Guangda Xiang announced at the Vibrant Gujarat 2019 summit in Gandhinagar on Friday. The company is also an emerging electrical vehicle battery producer and is considering setting up an electrical battery plant in Dholera to cater to the fast developing auto industry… Continue reading Chinese steelmaker Tsingshan Holding Group to invest $3 billion in Dholera for en electric battery plant
Hyundai makes first move in India’s electric car battle with Rs 7,000 cr cheque for Tamil Nadu
The company is also expected to increase its production by one lakh units with the fresh investment. The Tamil Nadu Government’s Cabinet of Ministers on Friday approved an investment of Rs 7000 crore by passenger carmaker Hyundai Motors that will allow the company to make its electric car foray into the country by manufacturing units… Continue reading Hyundai makes first move in India’s electric car battle with Rs 7,000 cr cheque for Tamil Nadu
Ford issues safety recall for 2,700 new Lincoln Nautilus
However, the US automaker claimed that the company is unaware of any accidents or injuries resulting from this condition. New Delhi: Ford Motor Company on Wednesday issued a safety recall order for for certain 2019 Lincoln Nautilus vehicles equipped with lane-centering assist and adaptive front steering. According to a Ford news release, about 2,700 new… Continue reading Ford issues safety recall for 2,700 new Lincoln Nautilus
Volvo Group Venture Capital invests in Momentum Dynamic
Wireless electric charging allows any type of vehicle to automatically and without supervision connect to the electrical power grid. CHENNAI: Volvo Group Venture Capital AB, a subsidiary of the Volvo Group, has announced an investment in Momentum Dynamics Inc – a leading company in high power wireless charging of electric vehicles. Momentum Dynamics is a… Continue reading Volvo Group Venture Capital invests in Momentum Dynamic
Fiat Chrysler looking at options to plug hole in its truck lineup – CEO
FCA last year outlined plans to launch such a pickup – smaller than its current Ram 1500 model – by 2022. DETROIT: Fiat Chrysler Automobiles NV Chief Executive Mike Manley told Reuters on Tuesday he is open to partnerships to develop a new midsize pickup truck the automaker could sell in Latin America and other… Continue reading Fiat Chrysler looking at options to plug hole in its truck lineup – CEO