The company has fewer than 40,000 staff in Italy, down from 55,000 in early 2021, when it was created through the merger of Fiat Chrysler and Peugeot maker PSA. Carmaker Stellantis has agreed with trade unions to implement up to 200 voluntary redundancies at its Termoli plant in central Italy, the company said on Thursday.… Continue reading Stellantis to cut up to 200 jobs through voluntary exits at Italy’s Termoli plant
Author: Economic Times of India Online News
Tata Motors shares surge 9% in 2 days. Here are 5 forces fueling run
The trade deal is expected to lower import duties on vehicles from 100per centto 10per centunder a quota system, potentially boosting JLR’s volumes in India and strengthening its competitive edge. Shares of Tata Motors extended gains for a second straight session on Thursday, rising as much as 3.5per centto ₹704 on the BSE amid optimism… Continue reading Tata Motors shares surge 9% in 2 days. Here are 5 forces fueling run
16 states, DC sue Trump over EV charging station funds
In February, the US Transportation Department said it was suspending the EV charging program and rescinding approval of state EV charging plans pending a new review. New Delhi: California and 15 other states sued the Trump administration on Wednesday, saying the federal government is illegally withholding billions in previously awarded funds to states for electric… Continue reading 16 states, DC sue Trump over EV charging station funds
Gensol Engineering shares slide 5%, extending 20-day rout after SAT denies interim relief
Gensol’s stock has plunged 59per cent over the past month and 18.5per cent in the last week alone. On Wednesday, the shares fell another 5per cent , closing at ₹63.63 on the BSE. Shares of crisis-hit Gensol Engineering were locked in a 5per cent lower circuit on Thursday at ₹60.45 on the BSE, extending their… Continue reading Gensol Engineering shares slide 5%, extending 20-day rout after SAT denies interim relief
UK gets to sell 22,000 premium EVs in India
Updated On May 8, 2025 at 08:05 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals India will lower automotive tariffs to 10% from the current duty of more than 100%. The UK would get access to a quota to sell 22,000 high-value EVs to India at the lower 10% duty, while… Continue reading UK gets to sell 22,000 premium EVs in India
Cosmetic special editions risk diluting brand image, warn auto experts
Both experts cited historical examples to highlight the long-term value of sticking to a brand’s core DNA, even in the face of initial commercial challenges. As India’s passenger vehicle market sees a surge in special and limited-edition variants, industry insiders and former auto brand leaders are raising red flags about the growing trend of “cosmetic”… Continue reading Cosmetic special editions risk diluting brand image, warn auto experts
Tata Motors shares in focus after shareholders approve plan to split into two listed companies
As per Trendlyne data, the average target price of the stock is Rs 812, which shows an upside of 25% from the current market prices. The consensus recommendation from 30 analysts for the stock is a ‘Buy’. Shares of Tata Motors are likely to be in focus on Wednesday after the company announced that shareholders… Continue reading Tata Motors shares in focus after shareholders approve plan to split into two listed companies
India-UK FTA shifts gears: Tariff cuts to drive growth in auto, EV and component trade
The agreement was finalised after discussions at the G20 Summit in Rio and intense rounds of negotiation led by Commerce Minister Piyush Goyal and UK Secretary of State Jonathan Reynolds. The recently concluded Free Trade Agreement (FTA) between India and the United Kingdom is set to transform the automotive landscape by slashing import tariffs on… Continue reading India-UK FTA shifts gears: Tariff cuts to drive growth in auto, EV and component trade
Uber to buy 85% stake in trendyol for $700 million
Trendyol Go app is expected to be accretive to Uber’s growth. Uber Technologies agreed to buy 85% of a Turkish food and grocery delivery platform controlled by Chinese ecommerce giant Alibaba Group Holding, in the latest example of consolidation in the global food-delivery industry. The transaction will be made in cash and on a debt-free… Continue reading Uber to buy 85% stake in trendyol for $700 million
Auto cos fear lower UK tariffs may lead to Chinese dumping
While the Indian component industry welcomed the move, as duty on imports of India’s parts to the UK will be slashed to zero, car companies remain tense in the absence of clarity. The Indian automobile industry reacted with caution to FTA with the UK, which aims to reduce import duty to 10%. Companies, which are… Continue reading Auto cos fear lower UK tariffs may lead to Chinese dumping