Tech mogul Elon Musk denied reports that claimed he had earned $2.3 billion in stock options in 2018 San Francisco: While his electric vehicle (EV) company Tesla struggles to make profit, tech mogul Elon Musk denied reports that claimed he had earned $2.3 billion in stock options in 2018. Instead, Musk said he had pocketed… Continue reading Elon Musk says he earned nothing from Tesla in 2018
Author: Economic Times of India Online News
Asian automaker shares hit as Trump threatens Mexico with tariffs
General Motors Co is the biggest car producer and exporter in Mexico, and its global peers Ford Motor Co, Volkswagen AG and Fiat Chrysler Automobiles NV also have manufacturing presence there. TOKYO: Shares in Asia’s major automakers and their suppliers sank on Friday after U.S. President Donald Trump threatened to slap tariffs on Mexican imports… Continue reading Asian automaker shares hit as Trump threatens Mexico with tariffs
India to acquire reserves of strategic minerals to power the country’s move into EVs
The move is expected to give a big push to Modi government’s efforts to promote and step up use of electric vehicle. Kolkata: India’s move to acquire reserves of strategic minerals like lithium and cobalt to power the country’s move into electric vehicles is all set to become a reality with three state-owned metal and… Continue reading India to acquire reserves of strategic minerals to power the country’s move into EVs
Renault-Nissan Alliance may re-enter LCV segment in India
Denis Le Vot, Global Head of Renault-Nissan Alliance LCV business Paris: A year after the successful launch in China, Renault-Nissan Alliance is actively looking at re-entering the light commercial vehicle segment in India soon, a top level official told ETAuto during an interaction recently. “As far as Group Renault is concerned, we have been developing… Continue reading Renault-Nissan Alliance may re-enter LCV segment in India
Volkswagen Group inaugurates Tools Library in Pune
The group has invested Rs 17 million in setting up the infrastructure of the tools library New Delhi: Volkswagen Group India on Thursday has inaugurated a ‘Tools Library’ near its manufacturing facility in Pune, Maharashtra under the Skoda led ‘India 2.0’ project. The group has invested Rs 17 million in setting up the infrastructure of… Continue reading Volkswagen Group inaugurates Tools Library in Pune
Kinetic plans to make two and three wheeler engines
Kinetic intends to invest around Rs 20 crore in all in these new projects in the short, medium and long term. Chennai: As part of an aggressive expansion plan, Pune-based automobile company Kinetic Engineering will develop two wheeler engines, three wheeler gearboxes as well as gear box cum axles for electric three and four wheeler… Continue reading Kinetic plans to make two and three wheeler engines
Some Tesla stations to limit supercharging to 80%
Few supercharger stations have been reported to get very busy during holidays, causing long wait times. San Francisco: Electric vehicle-maker Tesla is updating some of its supercharger stations to limit the top state of charge (SoC) to 80 per cent at busy stations to reduce wait times. “The limit will be enforced at 8 per… Continue reading Some Tesla stations to limit supercharging to 80%
VW to intensify talks with Northvolt on battery project: Report
Volkswagen board member Stefan Sommer told he was confident that battery cell production in Salzgitter would be realised. FRANKFURT: Volkswagen is intensifying talks with Swedish startup Northvolt on plans to jointly build up battery cell production in Salzgitter, near its headquarters in Lower Saxony, one of its board members told a German newspaper. Volkswagen earlier… Continue reading VW to intensify talks with Northvolt on battery project: Report
Tesla reduces prices on Models S and X amid stock slump
Musk predicted another loss in the second quarter but said Tesla would be profitable again by the third quarter. DETROIT: Faced with a slumping stock price and questions about demand for its vehicles, Tesla has lowered the U.S. base prices of its two most expensive models. The company on Monday cut $3,000 from the price… Continue reading Tesla reduces prices on Models S and X amid stock slump
Daimler plans to cut administration costs by 20%: Report
Kaellenius said earlier this month that Daimler will cut development costs of new Mercedes-Benz cars. FRANKFURT: Incoming Daimler boss Ola Kaellenius is working on a cost cut programme to reach profit margin targets which are threatened by global trade woes and ramp up issues at factories, Handelsblatt reported, citing company sources. Kaellenius, who will take… Continue reading Daimler plans to cut administration costs by 20%: Report