The statement said that Ghosn’s allegation of a conspiracy was “categorically false”, adding that prosecutors were seeking to bring him to justice in Japan. Beirut: Lebanon banned former auto tycoon Carlos Ghosn from travelling on Thursday after questioning him over an Interpol “red notice” of charges of financial misconduct in Japan, judicial sources said. The… Continue reading Lebanon bans Ghosn from foreign travel
Author: Economic Times of India Online News
General strike: HMSI Manesar plant, units of component makers at Manesar-Bawal belt hit
HMSI Manesar plant workers alongwith counterparts from factories of auto component makers Shivam Autotech, Emkay Automobile Industries, Munjal Showa, Napino Auto & Electronics and Talbros, among others have joined in for a day-long protest. (Representative Image) New Delhi: Production at Honda Motorcycle and Scooter India‘s (HMSI) Manesar plant in Haryana and factories of various auto… Continue reading General strike: HMSI Manesar plant, units of component makers at Manesar-Bawal belt hit
Force Motors’ domestic sales grows 52.54% to 2,517 units in December 2019
The company has exported 230 units of vehicles last month. New Delhi: Force Motors Limited has announced its domestic sales in December 2019 was 2,517 units, up 52.54 per cent from the same month of 2018, when it recorded 1,650 units. The automaker has sold 1,762 units of small and light commercial vehicles in December… Continue reading Force Motors’ domestic sales grows 52.54% to 2,517 units in December 2019
Hyundai to launch 44 e-vehicles by 2025
There will be 13 hybrid cars, 6 plug-in hybrids and two fuel cell electric vehicles as well. New Delhi: Hyundai Motor Group has revealed its product strategy till 2025. The South Korean auto giant has the plan to launch 44 electrified vehicles by 2025, including both BEV and plug-in hybrid models. The company has the… Continue reading Hyundai to launch 44 e-vehicles by 2025
China’s Changan Auto says to sell stake in PSA JV to a Baoneng subsidiary
After SAIC and Great Wall Motor, Changan Automobile too is ready to enter India market. SHANGHAI: China’s Chongqing Changan Automobile has agreed to sell its 1.63 billion yuan ($234.22 million) stake in a joint venture with Peugeot SA to a subsidiary of Baoneng, the company said in a statement on Tuesday. The eight-year-old joint venture,… Continue reading China’s Changan Auto says to sell stake in PSA JV to a Baoneng subsidiary
Tata Group intends to focus more on digital transformation as a future growth strategy: N Chandrasekaran
“Within our ten business clusters, individual companies have made notable progress across this three-dimension,” said Tata Sons chairman, also referred to as Chandra in his annual letter on the eve of the year-end to the group. The Tata group has decided to focus more on technology going forward with heavy reliance on the two-pronged digital… Continue reading Tata Group intends to focus more on digital transformation as a future growth strategy: N Chandrasekaran
Daimler eyes 1.4 bln euro lower staff costs
Daimler said in November it was seeking more than 1 billion euros in savings from cutting staff costs at its Mercedes-Benz business by the end of 2022 because of tougher emissions rules. Daimler CEO Ola Kaellenius told German Sunday paper Bild am Sonntag that the group was targeting a reduction in personnel costs by 1.4… Continue reading Daimler eyes 1.4 bln euro lower staff costs
This Volkswagen robot drives to your EV to charge it
The mobile charging robot is currently a prototype but Volkswagen envisions it to make every car park a flexible charging station. Wolfsburg: Volkswagen has built a new type of robot that can charge your electric vehicle while also locating it in a garage. The mobile charging self-driving robot drives to the electric vehicle that needs… Continue reading This Volkswagen robot drives to your EV to charge it
Volkswagen attracts bids for MAN Energy Solutions unit: Sources
MAN Energy Solutions was originally a part of VW’s trucks brand MAN, but some of MAN’s assets were transferred to Volkswagen last year as part of efforts to streamline Traton ahead of the unit’s listing. FRANKFURT: Volkswagen has attracted bids from Europe’s Innio, Japan’s Mitsubishi Heavy and U.S.-based Cummins for its MAN Energy Solutions, which… Continue reading Volkswagen attracts bids for MAN Energy Solutions unit: Sources
Volkswagen says production suspended in Algeria
The Sovac-Volkswagen factory opened in 2017 at Relizane, some 250 kilometres (150 miles) southwest of Algiers, and assembles kits provided by the German parent. Frankfurt am Main: Carmaker Volkswagen has suspended production in Algeria, where the head of its local partner has been detained since June in a corruption probe, a spokesman for the German… Continue reading Volkswagen says production suspended in Algeria