Top U.S. automakers also reported a dip in auto sales for the month of December, however remained bullish on pickups in 2019 sales. Canada‘s auto sales declined 8 percent in December from a year earlier, marking the ninth straight month of sales drop, according to industry data released on Thursday. Overall sales for December fell… Continue reading Canada auto sales fall 8 pct in December
Author: Economic Times of India Online News
UAW sues GM over use of temporary workers at Indiana plant
Trump previously criticized GM’s strategy and has called on the Detroit automaker to find a new vehicle for the Lordstown plant. DETROIT: The United Auto Workers union sued General Motors Co in federal court on Thursday, claiming the automaker’s use of temporary workers at a plant in Indiana violates its labor deal and escalating a… Continue reading UAW sues GM over use of temporary workers at Indiana plant
Electric vehicles’ market share small, but set to rise
Automakers view electrification as critical to the future of the automotive space and are accelerating efforts to electrify their fleets. Electric vehicles (EVs) currently make up a small fraction of total automotive sales globally. However, they are expected to gain share over the next several years as governments across the globe — mainly in China… Continue reading Electric vehicles’ market share small, but set to rise
Carlos Ghosn’s daughters see a Nissan revolt behind his arrest
Ghosn’s children said that they believed the houses were known to Nissan. The children of Carlos Ghosn, the jailed auto executive who oversaw an alliance that sold more than 10 million cars a year, believe accusations of financial misconduct against him are part of a revolt within Nissan against exploring a possible merger with Renault.… Continue reading Carlos Ghosn’s daughters see a Nissan revolt behind his arrest
We are telling investors to avoid Tata Motors: Mahantesh Sabarad, SBI Cap Securities
JLR is a worry for Tata Motors and the domestic market may not necessarily help it provide a hedge against the JLR’s poor performance. JLR is a big problem for Tata Motors at this juncture, Mahantesh Sabarad, Head, Retail Research, SBI Cap Securities told in an interview:Edited Excerpts:ET Now: What is your outlook for 2019?… Continue reading We are telling investors to avoid Tata Motors: Mahantesh Sabarad, SBI Cap Securities
NATRiP likely to certify new vehicles on safety standards too
Representative image. INDORE: The National Automotive Test Tracks (NATRAX) in Pithampur may soon be authorised to issue homologation certificates to vehicle tested at its facility. Till now, vehicle manufacturers received test reports from NATRiP and had to get certification from other agencies. NATRAX has been set up in Pithampur under the NATRiP project The homologation… Continue reading NATRiP likely to certify new vehicles on safety standards too
Clean energy leader Costa Rica turns attention to electric cars
New Delhi: Costa Rica likes to advertise itself as an ecological paradise, where more than 98 percent of its electricity needs are met by clean energy. But in the automotive industry, it is lagging behind with just 600 out of 1.4 million private vehicles running on electricity rather than petrol or diesel. Experts believe that… Continue reading Clean energy leader Costa Rica turns attention to electric cars
Drivers reluctant to share their driving behaviour data with insurers, study finds
CHENNAI: Connected cars and digitalisation of mobility is increasingly being given the thumbs up by motorists across the world. According to the Continental Mobility Study 2018, motorists appreciate the potential benefits of their cars being connected to the Internet. A large majority of people in Germany, the US, China and Japan utilise offerings and services… Continue reading Drivers reluctant to share their driving behaviour data with insurers, study finds
Auto sector may attract $8-10 bn investment by 2023: Government
As per the review statement, the sector contributes 7.1 per cent to the total GDP and provides employment to about 32 million people, directly and indirectly. New Delhi, The Central government expects the Indian automobile sector to attract around $8-10 billion in local and foreign investment by 2023. According to the “Year End Review 2018”… Continue reading Auto sector may attract $8-10 bn investment by 2023: Government
Tata group spent Rs 70,000 crore on restructuring, consolidation and acquisitions in 2018
“This unified entity will enable us to move beyond merely providing individual products to developing integrated offerings” MUMBAI: Tata group spent over Rs 70,000 crore ($10 billion) in 2018 to deleverage and restructure Tata companies, consolidate cross-holdings, acquire strategic assets and infuse much-needed capital. In a year-end message to employees, Tata Sons chairman N Chandrasekaran… Continue reading Tata group spent Rs 70,000 crore on restructuring, consolidation and acquisitions in 2018