The job cuts comprise just under 40% of the entire DHL workforce on the contract. London: German logistics company DHL plans to cut as many as 2,200 jobs of U.K-based workers at Jaguar Land Rover factories, the Unite trade union said on Tuesday. The job cuts comprise just under 40% of the entire DHL workforce… Continue reading DHL to cut 2,200 UK workers at Jaguar Land Rover factories
Author: Economic Times of India Online News
Lockdown in Aurangabad likely to impact production at Bajaj Auto and Skoda Auto Volkswagen
At present, 1,700-1,800 employees work at the Bajaj Waluj factory where the company is operating at half the capacity in two shifts. NEW DELHI: Production is likely to be impacted temporarily at Bajaj Auto and Skoda Auto Volkswagen India’s factories in Aurangabad, with the district administration announcing a weeklong lockdown from July 10 to check… Continue reading Lockdown in Aurangabad likely to impact production at Bajaj Auto and Skoda Auto Volkswagen
Italy eyes measures to support auto industry: PM
The government would start working on a comprehensive tax reform from next week, Conte said, but did not elaborate. ROME: Italy is considering fiscal measures to spur investments in the auto and tourism industries, two of the sectors that have been hardest hit by the coronavirus pandemic, Prime Minister Giuseppe Conte said on Saturday. Speaking… Continue reading Italy eyes measures to support auto industry: PM
We are in final stage of launching vehicle scrappage policy: Nitin Gadkari
The Indian industry is not depending on Chinese investment, says Minister of Road & Transport and MSMEs. The Prime Minister has given a call for self-reliant Bharat, an Atmanirbhar Bharat; as a Minister for Roads and Highways and MSMEs, your task is cut out as MSMEs contribute 30% or one-third to India’s GDP. I want… Continue reading We are in final stage of launching vehicle scrappage policy: Nitin Gadkari
Tesla beats vehicle delivery estimates for second quarter
The lockdown resulted in shut down of production at Tesla’s only U.S. vehicle factory in California for more than six weeks from the end of March to early May. – Tesla Inc beat Wall Street estimates for second-quarter vehicle deliveries on Thursday even as the electric-car maker main factory in Fremont was shut down due… Continue reading Tesla beats vehicle delivery estimates for second quarter
Auto majors hit export roadblocks with neighbouring countries
Companies such as Tata Motors, Mahindra and Ashok Leyland have had their exports severely impacted over the past 3-4 months prompting them to realign strategies to the African and South American markets. Mumbai: The auto industry is not just struggling to recover from the pandemic impact on the domestic front, but its exports, especially to… Continue reading Auto majors hit export roadblocks with neighbouring countries
French, Greeks are Europe’s rudest drivers
The Greeks, the study found, topped the list for dangerous road behaviour while the British came last. (Image: UTD) Paris: Drivers in most of Europe say they have adopted safer and more courteous behaviour behind the wheel, with the notable exception of the French and Greeks who share the top spot for hurling insults at… Continue reading French, Greeks are Europe’s rudest drivers
Tata Motors domestic sales tank 82% to 23,845 units in Q1 FY21
New Forever product portfolio, including the newly launched Altroz, continues to receive a strong response in the market. New Delhi: The homegrown automaker Tata Motors on Wednesday registered a decline of 82 percent in the domestic sales at 23,845 units in Q1FY21. Domestic sales stood at 1,31,879 units during Q1 FY20, the company said in… Continue reading Tata Motors domestic sales tank 82% to 23,845 units in Q1 FY21
COVID-19 impact: Moody’s downgrades $130 billion worth of automakers debt
The US based rating agency has subsequently lowered the ratings on nine of the 22 global auto manufacturers it rates. New Delhi: The auto industry worldwide has been hit the hardest due to the outbreak of coronavirus and prompted Moody’s Investors Service to place substantially all the ratings across the sector under review for downgrade.… Continue reading COVID-19 impact: Moody’s downgrades $130 billion worth of automakers debt
Japan and Britain aim for trade deal by end-July
The issue of automobiles is among Japan’s major interests. TOKYO: Japan and Britain aim to clinch a trade deal by the end of July and Tokyo wants to secure at least the same automobile tariffs as it has in its existing European Union trade pact, Tokyo’s chief negotiator said. Japan’s Foreign Minister Toshimitsu Motegi and… Continue reading Japan and Britain aim for trade deal by end-July