The automaker has pledged to revive production in Italy with the hybrid version of the Fiat 500 city car, which is set to hit the market later this year, rolling off the historic Mirafiori plant in Turin, Fiat’s hometown. Stellantis has slashed nearly 10,000 jobs in Italy in the past four years, while vehicle production,… Continue reading Stellantis has cut 10,000 Italy jobs in four years, union reports
Author: Economic Times of India Online News
Yuma Energy partners with HPCL to expand battery-swapping network
Allowing Yuma Energy to place smart, AI-driven battery-swapping stations in high-demand locations across metro cities and tier-2 towns. Yuma Energy, India’s fastest-growing Battery-as-a-Service (BaaS) provider, has announced a strategic partnership with Hindustan Petroleum Corporation Limited (HPCL) to accelerate the deployment of battery-swapping infrastructure nationwide. The collaboration leverages HPCL’s extensive network of over 24,000 retail outlets,… Continue reading Yuma Energy partners with HPCL to expand battery-swapping network
Honda gears up for four world premieres at Japan Mobility Show 2025
Beyond road and trail, Honda will display the experimental model of its sustainable rocket, used in successful launch and landing tests earlier this year in Hokkaido. Honda Motor has announced a stellar line-up for the upcoming Japan Mobility Show 2025, featuring four global premieres, including a prototype from its next-generation Honda 0 Series. The exhibition… Continue reading Honda gears up for four world premieres at Japan Mobility Show 2025
Tata Motors demerger effective from tomorrow. What is known so far on record date, listing timeline
After the completion of all formalities, the CV business will tentatively be listed in November as TMLCV, subject to the completion of all pending formalities. Following all regulatory approvals, the much-awaited demerger of Tata Motors‘ passenger vehicle (PV) and commercial vehicle (CV) businesses comes into effect from October 1. The JLR-maker has told analysts that… Continue reading Tata Motors demerger effective from tomorrow. What is known so far on record date, listing timeline
Stellantis turns to longtime CEO associate for CFO job
Laranjo will also take on Ostermann’s responsibilities as head of Stellantis Financial Services and board member at Chinese EV partner Leapmotor. Stellantis named its second chief financial officer in less than a year, as CEO Antonio Filosa on Monday promoted the current finance chief of the North America region with whom he has worked closely… Continue reading Stellantis turns to longtime CEO associate for CFO job
Electric vehicles face a ‘pretty dreadful year’ in the US
Sales of electric models are expected to plummet in the last three months of the year and then remain sluggish for some time. The key factor that nudged Dan McGrath and his wife to lease a Hyundai Ioniq 5 SUV in August was the impending end of a $7,500 federal tax credit available to people… Continue reading Electric vehicles face a ‘pretty dreadful year’ in the US
Pune vehicle registrations set to surpass last year’s dussehra numbers
Officials, however, remain optimistic that EV sales will pick up momentum, aided by the recent reduction in GST rates. Vehicle registrations in Pune are expected to exceed last year’s festive season figures, with the city witnessing strong buying activity in the run-up to dussehra. According to officials from the Regional Transport Office (RTO), 8,717 vehicles… Continue reading Pune vehicle registrations set to surpass last year’s dussehra numbers
Mahindra sells Sampo Rosenlew stake to Turkey’s TERA
M&M said the divestment is in line with its focus on business opportunities that strengthen the company’s long-term position. Mahindra & Mahindra Ltd (M&M) has signed a share purchase agreement with Tera Yatirim Teknoloji Holding Anonim Sirketi (TERA) to sell its entire stake in Sampo Rosenlew Oy, its wholly owned subsidiary based in Finland. Following… Continue reading Mahindra sells Sampo Rosenlew stake to Turkey’s TERA
Electric vehicles face a ‘pretty dreadful year’ in the US
Across the country, thousands of people have been making the same calculation, leading to a surge of electric car sales. The key factor that nudged Dan McGrath and his wife to lease a Hyundai Ioniq 5 SUV in August was the impending end of a $7,500 federal tax credit available to people who get a… Continue reading Electric vehicles face a ‘pretty dreadful year’ in the US
Auto components, FMCG, defence among 9 sectors set to benefit from festive demand
According to Smallcase’s report, nine sectors, including auto components, FMCG, defence, clean energy and others, are set to benefit from a combination of festive demand, policy reforms, and structural growth drivers. India’s navratri economy is gaining momentum with strong festive tailwinds as e-commerce sales are projected at ₹1.2 lakh crore — with UPI volumes crossing… Continue reading Auto components, FMCG, defence among 9 sectors set to benefit from festive demand