“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
Author: Economic Times of India Online News
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
Another massive Takata recall looms for large batch of airbags
The Japanese parts maker pleaded guilty to a wire-fraud charge as part of a $1 billion settlement with the U.S. Justice Department over the air-bag problems, and later went out of business. Global automakers may face another potentially huge air-bag recall as the U.S. transport regulator evaluates the long-term safety of inflators made by bankrupt… Continue reading Another massive Takata recall looms for large batch of airbags
China electric-car startups NIO, Xpeng team up in charging
NIO will also provide home-charger installation services for some Xpeng customers. Chinese electric-vehicle manufacturers NIO Inc. and Xpeng Motors agreed to share charging stations as well as related services and data, seeking to spur EV demand and curb costs. NIO and Xpeng customers can charge their cars using either companies’ facilities with no extra fees,… Continue reading China electric-car startups NIO, Xpeng team up in charging
Israel’s Delek Group sells rest of auto unit for $78 million
Earlier this week, Delek sold a 7% stake in Delek Automotive — which imports and sells Mazda, Ford, Lincoln and BMW vehicle. JERUSALEM: Israeli conglomerate Delek Group said it was selling its remaining 14.99% stake in its Delek Automotive unit to an unnamed third party for 269 million shekels ($78 million). In a regulatory filing… Continue reading Israel’s Delek Group sells rest of auto unit for $78 million
Volkswagen strikes settlement with Canada over ‘dieselgate’
The German manufacturer has since paid more than 30 billion euros ($33.2 billion) in damages, fines and legal fees, much of it in the United States. Berlin: German automobile giant Volkswagen confirmed Tuesday it had struck a settlement with the Canadian government over allegations that it deliberately broke environmental protection laws, part of the company’s… Continue reading Volkswagen strikes settlement with Canada over ‘dieselgate’
Tata Motors Group global wholesales down 15% at 89,671 units in November
Globally, wholesales of all Tata Motor’ commercial vehicles and Tata Daewoo range in November 2019 were at 31,030 units, down 19 per cent from November 2018. New Delhi: Tata Motors Group has announced its global wholesales in November 2019 was 89,671 units, down 15 per cent compared to the same month last year. The number… Continue reading Tata Motors Group global wholesales down 15% at 89,671 units in November