European Union set to lower proposed tariffs on electric vehicles from China. The European Union will lower proposed tariffs on Tesla and other electric vehicles (EVs) from China, Bloomberg News reported on Tuesday, citing people familiar with the matter. Tesla’s proposed tariff rate is said to drop to just below 8%, from 9%, the report… Continue reading EU to lower proposed tariffs on Tesla, other EVs from China, Bloomberg News reports
Author: Economic Times of India Online News
US proposes new vehicle requirement to reduce pedestrian deaths
U.S. regulator is proposing a requirement that some future vehicles be redesigned. A U.S. regulator said on Monday it is proposing a requirement that some future vehicles be redesigned to reduce the risks of serious or fatal injuries in crashes involving pedestrians amid a rise in such deaths. The National Highway Traffic Safety Administration said… Continue reading US proposes new vehicle requirement to reduce pedestrian deaths
US probes 781,000 newer Jeep vehicles over underhood fire reports
U.S. auto safety agency said on Monday it is opening an investigation into more than 781,000 newer Jeep Wrangler and Gladiator sport utility vehicles. A U.S. auto safety agency said on Monday it is opening an investigation into more than 781,000 newer Jeep Wrangler and Gladiator sport utility vehicles after reports of underhood fires. The… Continue reading US probes 781,000 newer Jeep vehicles over underhood fire reports
Is there a disproportionate burden on the auto industry to further India’s sustainable goals?
Government is nudging the automobile industry to increase investments manifold in products and technologies. New Delhi: The government is nudging the automobile industry to increase investments manifold in products and technologies needed for India achieving its sustainable development goals. The expectations from the industry encompass investments in flex fuel vehicles, in vehicles which can run… Continue reading Is there a disproportionate burden on the auto industry to further India’s sustainable goals?
Piyush Goyal urges auto industry to capture opportunities in bicycle market
Updated On Sep 10, 2024 at 10:01 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Piyush Goyal has encouraged the automotive industry to explore new opportunities in emerging segments. New Delhi: Union Minister of Commerce & Industry Piyush Goyal has urged the automotive industry to look at capturing new opportunities in… Continue reading Piyush Goyal urges auto industry to capture opportunities in bicycle market
Audio Interview: Resource nationalism and its impact on the global automotive market
Ron Hesse speaks with Lisa Reisman In the 15-minute Audio Interview, Ms. Reisman discusses these questions: Despite the more sluggish global economy – in China, in Europe and in the US, we are still hearing of part shortages and material availability issues. Why is that happening because it runs counter to a lower demand environment?… Continue reading Audio Interview: Resource nationalism and its impact on the global automotive market
India must tackle geopolitical concerns and invest in future technologies to lead auto industry, says Jitin Prasada
Jitin Prasada emphasised the need for India to enhance its position in the auto industry by addressing geopolitical concerns. Jitin Prasada, Minister of State for Commerce & Industry and Electronics and IT, emphasised the need for India to enhance its position in the auto industry by addressing geopolitical concerns and focusing on future technologies. Speaking… Continue reading India must tackle geopolitical concerns and invest in future technologies to lead auto industry, says Jitin Prasada
VW to swap out brand CFO with Seat counterpart
The finance chief of Volkswagen’s core brand, Patrik Andreas Mayer, is to swap roles with his counterpart at the automaker’s Seat subsidiary in Spain. The finance chief of Volkswagen‘s core brand, Patrik Andreas Mayer, is to swap roles with his counterpart at the automaker’s Seat subsidiary in Spain, Volkswagen confirmed on Monday. Mayer, who has… Continue reading VW to swap out brand CFO with Seat counterpart
China, price cuts and costs: the fuel driving Volkswagen’s crisis
Volkswagen faces challenges as profits from China have halved in a decade and Europe’s car market is shrinking. In May, Volkswagen finance chief Arno Antlitz warned that Europe’s top carmaker had about two or three years to prepare for cut-throat competition from abroad, mainly China. Last week, he cut that already-tight timetable by a year,… Continue reading China, price cuts and costs: the fuel driving Volkswagen’s crisis
VW boss says European market shrinking amid tougher competition
VW CEO Oliver Blume announced cutbacks in Germany due to a shrinking European market. Volkswagen‘s CEO, who is pushing for unprecedented cutbacks in the German carmaker’s home market, said change was needed because the European market is shrinking while competition is increasing. Speaking in an interview in Sunday paper Bild am Sonntag, Volkswagen CEO Oliver… Continue reading VW boss says European market shrinking amid tougher competition