Stellantis CEO, Antonio Filosa. Stellantis is set to delay the unveiling of its new strategic plan to the second quarter of next year to give CEO more time to address major uncertainties in the carmaker’s key markets. The decision, which Stellantis flagged in an analyst call on Friday, underscores the challenges facing Filosa, who took… Continue reading Stellantis delays strategic plan as CEO faces US, EU regulatory hurdles
Author: Economic Times of India Online News
Moody’s downgrades Stellantis outlook to negative amid financial risks
Credit agency Moody’s Ratings has shifted its outlook for European automaker Stellantis to negative. Credit rating agency Moody’s Ratings changed European automaker Stellantis‘ ratings outlook to negative on Monday, though maintained its current ratings. In their Monday report, Moody’s analysts outlined the financial risks facing the owner of Chrysler, Fiat, Jeep and other car brands.… Continue reading Moody’s downgrades Stellantis outlook to negative amid financial risks
Carmakers accused in huge UK lawsuits of cheating diesel emissions tests
A London court is hearing a massive lawsuit against major carmakers. Over 1.6 million vehicle owners claim their diesel cars used illegal ‘defeat devices’. Some of the world’s biggest carmakers manipulated diesel emissions tests because they “would rather cheat than comply with the law”, lawyers for over 1.6 million claimants told London’s High Court on… Continue reading Carmakers accused in huge UK lawsuits of cheating diesel emissions tests
India’s EV adoption at risk: Proposed building code changes restrict charging in basements
Proposed National Building Code amendments restricting EV charging in basements could hinder India’s 2030 EV adoption target. India’s target of increasing the share of electric vehicles (EVs) to 30 per cent by 2030 may face a speed bump. Proposed amendments to the National Building Code (NBC) include restrictions on parking and charging of electric and… Continue reading India’s EV adoption at risk: Proposed building code changes restrict charging in basements
Sterling Gtake rebrands as Sterling E-Mobility Solutions to strengthen EV tech portfolio
Sterling Gtake, has been rebranded as Sterling E-Mobility Solutions. Sterling Tools on Tuesday announced that its motor controller subsidiary, Sterling Gtake, has been rebranded as Sterling E-Mobility Solutions, signalling a strategic shift towards becoming a comprehensive provider of electric vehicle (EV) technologies. According to the official press release, the rebranding reflects the company’s expanding portfolio… Continue reading Sterling Gtake rebrands as Sterling E-Mobility Solutions to strengthen EV tech portfolio
Did Tata Motors shares really crash 40%? What the demerger plunge actually means
The cost of acquisition for both entities will be communicated later for portfolio and tax adjustments. Tata Motors shares fell by a notional 40 per cent in early trade on Tuesday, opening at ₹399 on the Bombay Stock Exchange, down from Monday’s close of ₹660.90, as the stock began trading ex-demerger value following the separation… Continue reading Did Tata Motors shares really crash 40%? What the demerger plunge actually means
Carmakers accused of cheating emissions tests, in UK lawsuits after ‘dieselgate’ scandal
The trial, which will conclude next year with a judgment expected in mid-2026, will focus on a sample of 20 diesel vehicles produced by the five manufacturers, who are being sued by nearly 850,000 of the claimants. Some of the world’s biggest carmakers manipulated diesel emissions tests because they “would rather cheat than comply with… Continue reading Carmakers accused of cheating emissions tests, in UK lawsuits after ‘dieselgate’ scandal
Solar cell shelter to charge EV drive in Chandigarh
EV adoption continues to rise in Chandigarh. The city ranks high in the national transition to EVs. In a national first, the city will soon plug its electric vehicle (EV) network straight into the sun — a 500-KW solar setup charging cars cleanly, day and night, at the IT Park hub. This first-of-its-kind EV charging… Continue reading Solar cell shelter to charge EV drive in Chandigarh
Eicher Motors’ EV Chief Mario Alvisi resigns
Mario Alvisi Eicher Motors Limited on Monday announced that Mario Alvisi, Chief Growth Officer – Electric Vehicles, has resigned from his position, effective from the close of business hours on December 31, 2025. Alvisi, who played a key role in shaping Eicher’s electric mobility strategy, has been part of the company’s leadership team overseeing the… Continue reading Eicher Motors’ EV Chief Mario Alvisi resigns
KP Group to invest ₹8,000 crore in hydrogen, EV fuel stations across Gujarat
The initiative aligns with the state’s “Viksit Gujarat to Viksit Bharat” vision and aims to support India’s clean energy transition by expanding green mobility infrastructure. New Delhi: Renewable energy company, KP Group, on Monday said it will invest ₹8,000 crore to set up a network of hydrogen and electric vehicle (EV) fuel stations across Gujarat,… Continue reading KP Group to invest ₹8,000 crore in hydrogen, EV fuel stations across Gujarat