Wine will remain in his current role at Polaris through the end of the year. New Delhi: Polaris Inc on Wednesday announced that Chairman and CEO Scott Wine will leave the company to assume the CEO role at CNH Industrial, the maker of Case and New Holland agricultural equipment. Wine joined Polaris in 2008 as… Continue reading CEO Scott Wine to leave Polaris Inc to lead CNH Industrial
Author: Economic Times of India Online News
Nissan’s UK business tough to sustain without Brexit trade deal – COO Gupta
File Image By Tim Kelly and David Dolan TOKYO: Any final exit by Britain from the European Union that worsens business conditions through increased tariffs would threaten the sustainability of Nissan Motor Co’s UK operations, the Japanese car maker’s chief operating officer (COO) cautioned. Nissan, which employs 7,000 people at Britain’s biggest auto plant in… Continue reading Nissan’s UK business tough to sustain without Brexit trade deal – COO Gupta
Tritium launches new ‘scalable’ EV charging platform
Europe is Tritium’s fastest-growing market. (Representative Image) LONDON: Electric vehicle charging station maker Tritium said on Tuesday it is launching a new “scalable” platform so its customers can expand stations to charge more cars at once or change the speed at which they provide a charge. The new charging platform will hit the market in… Continue reading Tritium launches new ‘scalable’ EV charging platform
Germany to extend electric car subsidies to 2025: Sources
Germany’s economics ministry declined to comment on the details but a spokeswoman said Economics Minister Peter Altmaier had advocated extending the subsidies. BERLIN, – Germany will extend its enviromental subsidy for electric cars until 2025, government and auto industry sources told Reuters on Monday, a day ahead of a German auto industry summit in Berlin.… Continue reading Germany to extend electric car subsidies to 2025: Sources
Stimulus 3.0 signals a cautious approach towards economic recovery
In the third stimulus package, Finance Minister Nirmala Sitharaman announced measures to boost employment generation in the formal sector. With the inflation rate hovering above 7 per cent, the Reserve Bank of India (RBI) has limited scope to announce more monetary easing measures. Even before the pandemic, Indian economy was facing a slowdown with GDP… Continue reading Stimulus 3.0 signals a cautious approach towards economic recovery
View: A better tomorrow won’t fix India’s broken today
The threshold for the US dollar to weaken from current levels is high as a lot of dovishness has already been factored in. By Andy MukherjeeIndia’s currency is strong, the stock market is surging, and long-term interest rates are under control. The technical recession that blighted the June and September quarters is probably already over.… Continue reading View: A better tomorrow won’t fix India’s broken today
India rate cuts bets fall as recovery gains hold, inflation stays high
With inflation staying above 7% in October for a second straight month, well above the RBI’s medium term target of 4%, views that India is near the end of the current rate cutting cycle have become more pronounced. MUMBAI: Negative real rates in India and recovering growth alongside high inflation suggest its central bank has… Continue reading India rate cuts bets fall as recovery gains hold, inflation stays high
Laser focus on costs has brightened the 2021 outlook for stocks
Businesses have slashed expenses materially this year to cope with the fallout of pandemic-induced shutdowns. By Sam Unsted Corporate profits around the globe comfortably topped expectations in the third quarter, helped in no small part by cost cuts, and optimism is growing that earnings momentum will carry on in 2021 even if the bar to… Continue reading Laser focus on costs has brightened the 2021 outlook for stocks
Walmart partners with GM’s Cruise on self-driving delivery pilot in AZ
By Paul Lienert Walmart Inc is adding Cruise, a majority-owned affiliate of U.S. automaker General Motors Co, to its roster of self-driving startup partners, in a pilot delivery program early next year in Scottsdale, Arizona, the retailer said on Tuesday. Walmart previously has partnered with tech startups Flytrex, Nuro and Gatik on pilot delivery programs… Continue reading Walmart partners with GM’s Cruise on self-driving delivery pilot in AZ
Toyota launches first regional stockyard at Guwahati to cut delivery time
Mumbai: Toyota Kirloskar Motor (TKM) on Thursday announced the launch of its first regional stockyard in Guwahati, which aims at reducing delivery time from the current 13 days to a maximum of two days for the dealers in the northeastern states. The new stockyard will significantly enhance distribution efficiency, reduce inventory costs and turnaround time… Continue reading Toyota launches first regional stockyard at Guwahati to cut delivery time