The creditwatch signals that S&P could potentially reassess relationship between these Tata Group entities and the holding company Tata Sons Pte Ltd (unrated), the potential for extraordinary support from Tata Sons, and therefore the ratings on these group entities. Singapore: S&P Global Ratings on Friday placed the long-term issuer and issue credit ratings on Tata… Continue reading S&P places Tata Group companies on creditwatch positive
Author: Economic Times of India Online News
Phoebe Leet takes charge as Global Director – HRBP at Jaguar Land Rover
Phoebe Leet has joined automotive manufacturer Jaguar Land Rover (JLR) as Global Director of HR Business Partners. Backed by over 24 years of experience, Leet has utilised her capabilities in improving employee engagement, cultural transformation, developing robust HR strategies, coaching leadership teams, among others. Leet joins JLR after spending more than 17 years of a… Continue reading Phoebe Leet takes charge as Global Director – HRBP at Jaguar Land Rover
Electric vehicle battery startup Ample raises $160 million
Ample, a San Francisco-based developer of swappable electric vehicle (EV) batteries, has raised $160 million in a new funding round, the company said on Thursday. The company has developed a battery for EVs and an automated process for quickly swapping out depleted batteries for newly charged packs, according to founders Khaled Hassounah and John de… Continue reading Electric vehicle battery startup Ample raises $160 million
China Evergrande in talks with Xiaomi consortium to sell EV unit stake-sources
Smartphone maker Xiaomi has been ramping up investments in EV suppliers after it unveiled its EV ambition with an investment of $10 billion in March, following its peers from Apple Inc to Huawei Technologies Co as they bet on more cars becoming battery-powered and smart. HONG KONG/SHANGHAI: Embattled Chinese property developer Evergrande Group is in… Continue reading China Evergrande in talks with Xiaomi consortium to sell EV unit stake-sources
Ex-Nissan exec Kelly wants boardroom, not criminal, trial
Kelly, an American lawyer who worked for three decades for Nissan Motor Co., is awaiting a verdict in his trial on charges of financial misconduct in the case of Carlos Ghosn. The embattled former chairman of the Renault-Nissan-Mitsubishi alliance jumped bail and fled to Lebanon in late 2019, leaving Kelly in Japan alone to face… Continue reading Ex-Nissan exec Kelly wants boardroom, not criminal, trial
CamCom announces a first-of-its-kind AI partnership with Mahindra First Choice Wheels in India
L to R: CamCom Founders – Umesh, Mahesh and Ajith Bengaluru: CamCom, a Bangalore and Dubai based AI powered visual inspection solutions company has entered into a partnership with Mahindra First Choice Wheels (MFCW), the pre-owned vehicles arm of the Mahindra Group. MFCW is the country’s preferred used vehicle company and is India’s only organized… Continue reading CamCom announces a first-of-its-kind AI partnership with Mahindra First Choice Wheels in India
VW might have to cut production further due to chip shortage
The auto industry is facing renewed strains after a recovery in demand stretched supply chains earlier this year, with COVID-19 outbreaks in Asia hitting both chip production and operations at commercial ports. BERLIN: Volkswagen may need to cut production further due to a semiconductor supply crunch, the German carmaker said on Thursday, after a report… Continue reading VW might have to cut production further due to chip shortage
GDP to expand by deceptively high 20% in Q1, to be lower than pre-COVID levels: Icra
ICRA cautioned that the organised sector is expected to have gained at the cost of the less formal space during this period. New Delhi: The GDP growth is estimated to come at the “deceptively high” level of 20 per cent for the April-June 2021 quarter but is far below the same in the pre-COVID times,… Continue reading GDP to expand by deceptively high 20% in Q1, to be lower than pre-COVID levels: Icra
How to calculate an electric vehicle’s charge costs
One of the challenges people have with electric vehicles is figuring out how much they cost to operate. The price of fully charging an electric vehicle’s battery can vary wildly depending on when and where you charge it. For the bigger picture, you should also include the amortized cost of buying and installing a home… Continue reading How to calculate an electric vehicle’s charge costs
Ohio high court delays ruling in Volkswagen emissions case
At issue is the 2015 scandal in which the automaker was found to have rigged its vehicles to cheat U.S. diesel emissions tests. The company ultimately paid more than $33 billion in fines and settlements. COLUMBUS: The Ohio Supreme Court on Wednesday agreed to delay its ruling that Volkswagen is subject to Ohio anti-tampering laws… Continue reading Ohio high court delays ruling in Volkswagen emissions case