Buying JLR for 9 billion pounds ($11.2 billion) could add 20% to BMW’s earnings By Anurag Kotoky We need to talk about Jaguar Land Rover. That’s the message from Sanford C. Bernstein analysts, who say BMW AG should buy the British luxury brand from India’s Tata Motors Ltd. “BMW is overcapitalised and awash with cash.… Continue reading BMW should buy Jaguar Land Rover from Tata Group, Bernstein says
Author: Economic Times of India Online News
General Motors partners with Tata Consultancy Services for global vehicle engineering
As part of the agreement, more than 1,300 employees of GMTC-I will transfer to TCS, including teams focused on propulsion systems, vehicle engineering, controls development, testing, creative design and special projects. New Delhi: General Motors and Tata Consultancy Services have joined hands for global vehicle engineering in future. According to a release, under this partnership,… Continue reading General Motors partners with Tata Consultancy Services for global vehicle engineering
Vedanta launches primary foundry alloy for auto industry
Localisation of the raw material supply chain will help the Indian automotive industry. New Delhi: Vedanta Aluminium has announced the formal launch of its newest product line, Primary Foundry Alloy (PFA) for the Indian automotive industry. The company has unveiled the product at the 59th Society of Indian Automobile Manufacturers (SIAM) annual convention 2019. The… Continue reading Vedanta launches primary foundry alloy for auto industry
M&M offers its personal vehicles range on monthly subscription
Customers can subscribe to a car for a period of 12 to 48 months for a monthly fee which will be inclusive of insurance, road tax and routine maintenance costs. MUMBAI: Mahindra and Mahindra on Thursday announced a tie-up with self-drive car rental company Revv to offer its passenger vehicles on a subscription model. This… Continue reading M&M offers its personal vehicles range on monthly subscription
BASF strikes French alliance to recycle electric car batteries
The three firms will begin “large-scale development” in January 2020 on the project, known as “ReLieVe” (Recycling Li-ion batteries for electric Vehicle). Frankfurt am Main: German chemical giant BASF announced Wednesday plans with French companies Eramet and Suez to recycle lithium-ion batteries from electric cars, aiming to secure a leading role in a growing market.… Continue reading BASF strikes French alliance to recycle electric car batteries
Moody’s downgrades Ford to ‘junk’ status on weak outlook
Shares of Ford fell 2.9 percent to $9.27 in after-hours trading. New York -Moody’s downgraded Ford‘s credit rating to speculative or “junk” status on Monday, citing the company’s weak financial outlook as it embarks on an ambitious restructuring. Characterizing the auto giant’s current overhaul as “unprecedentedly large and challenging,” the ratings agency slashed Ford’s debt… Continue reading Moody’s downgrades Ford to ‘junk’ status on weak outlook
Auto sector problem ‘minor’, will be resolved soon: Arjun Ram Meghwal
The Indian automobile industry has been going through one of the longest slowdowns for nearly a year and have reached out to the government for support. If Prime Minister Narendra Modi’s government can extend Parliament session to abrogate Article 370, solving the problem of the auto industry which is facing a slowdown is a “minor”… Continue reading Auto sector problem ‘minor’, will be resolved soon: Arjun Ram Meghwal
Asian cities turn to electric vehicles in anti-pollution drive
By Rina Chandran BANGKOK: Asian cities are switching to electric vehicles in a bid to tackle worsening air quality, cut climate changing emissions, and expand their public transport networks, climate experts said on Friday. Transport is the fastest-growing source of climate-warming greenhouse gases, with the vast majority of projected increases expected to come from developing… Continue reading Asian cities turn to electric vehicles in anti-pollution drive
Auto sector slowdown may wipe out a million jobs: SIAM
The automobile retail has witnessed around 200,000 job losses. NEW DELHI: A million contractual manufacturing jobs are at risk due to the consumption slowdown, Society of Indian Automobile Manufacturers (SIAM) President Rajan Wadhera said, here on Thursday. The slowdown has forced the value-chain operators across the automobile industry to reduce production and downsize workforce. Speaking… Continue reading Auto sector slowdown may wipe out a million jobs: SIAM
No ban on petrol and diesel cars, reiterates Gadkari
Gadkari further underlined that ministry is under discussions for GST reduction on hybrid. New Delhi: Clarifying to the automobile sector on ICE vehicles, Nitin Gadkari, Road Transport and Highway Minister on Thursday reiterated government doesn’t plan any ban on petrol or diesel cars. Gadkari said the automobile industry, which is worth Rs 4 lakh core,… Continue reading No ban on petrol and diesel cars, reiterates Gadkari