Former Nissan Chairman Carlos Ghosn, right, walks out with security guards from Tokyo Detention Center Thursday, April 25, 2019, in Tokyo. Ghosn walked out of a Japanese detention center Thursday evening, his head held high, after paying 500 million yen ($4.5 million) in bail and winning a court rejection of an appeal from prosecutors.Photo/Eugene Hoshiko)… Continue reading Carlos Ghosn’s trial to be delayed possibly until next year: Media
Author: Economic Times of India Online News
GM’s mostly female board shows it can be done
General Motors is putting forward six women among its 11 board nominees for shareholders to vote on at the automaker’s annual meeting on June 4. Go to Source
Nissan earnings cut is one symptom of distraction
Quality control issues and strategic errors, such as subsidised sales in the U.S. market, will take time to address given the vastness of the carmaker’s operations. By Pete Sweeney HONG KONG: Nissan is accelerating in the wrong direction. The Japanese carmaker slashed its forecast annual operating income almost one third on Wednesday, the second such… Continue reading Nissan earnings cut is one symptom of distraction
Electric vehicle study sees opportunity for utilities
Utilities also were urged to consider offering consulting services, as well as software solutions to both consumer and commercial customers for energy and fleet management. Increasing demand for electric vehicles in the United States over the next decade will create revenue opportunities for electric utilities that invest in greater grid capacity and offer EV charging… Continue reading Electric vehicle study sees opportunity for utilities
All new vehicles in Meerut to get high security number plates
The registration plate will be made of aluminium and have unique features with a nine-digit code. MEERUT: Meerut regional transport authorities have issued instructions to all dealers in Meerut to ensure that high security registration plates are installed in all new vehicles purchased by the locals here. The step was taken following a directive by… Continue reading All new vehicles in Meerut to get high security number plates
4 of 11 Tesla board members to step down by 2020
In November 2018, Musk was replaced by Robyn Denholm as the chairperson of the company’s board. San Francisco: In a move that is likely to weaken the powers of Electric Vehicle (EV) maker Tesla Founder Elon Musk and cut some of his strongest allies from the board of directors, the company has said that four… Continue reading 4 of 11 Tesla board members to step down by 2020
China EV maker Byton says business as usual despite management upheaval
Byton is building its first plant in Nanjing in eastern China with a planned annual capacity of 150,000 units in its initial phase. By Yilei Sun and Brenda Goh SHANGHAI: Chinese electric vehicle (EV) maker Byton, which is facing a management shake-up and questions about funding an expansion, said it has received over 50,000 orders… Continue reading China EV maker Byton says business as usual despite management upheaval
Elon Musk tweets explanation why a 100% charge might not be good for Tesla Model 3
CALIFORNIA: Charging smartphones to full 100 per cent may save the hassle on your way back from a long commute, but do not do this to your Tesla Model 3. In a tweet response to a new Tesla Model 3 owner, CEO Elon Musk explained why the new-age electric car should not be charged to… Continue reading Elon Musk tweets explanation why a 100% charge might not be good for Tesla Model 3
Daimler to seek 6 bln euros in cost savings at Mercedes: Manager Magazin
Daimler also plans to become a carbon neutral company by 2040, ensuring that all new cars, production methods, and suppliers will work in a way which do not produce carbon dioxide emissions, Manager Magazin said. FRANKFURT: Daimler is seeking 6 billion euros ($6.75 billion) in cost savings and efficiency gains by 2021 at Mercedes-Benz passenger… Continue reading Daimler to seek 6 bln euros in cost savings at Mercedes: Manager Magazin
FCA to invest $262 million in Ontario plant: Report
New Delhi: Automaker, Fiat Chrysler (FCA) will be investing $262 million at its Windsor, Ontario, assembly plant for a future product, as per a media report. The union and FCA will further discuss possible solutions for all the jobs cut. The president of the Unifor union, Jerry Dias expressed his views after a meeting with… Continue reading FCA to invest $262 million in Ontario plant: Report