Britain left the EU on Jan. 31 but talks have so far made little headway on agreeing a new trade deal with the bloc by the time a status-quo transition arrangement ends in December. LONDON: Britain warned the European Union on Thursday that it would be difficult to conclude a Brexit free trade deal by… Continue reading UK says EU trade deal will be difficult if no progress before October
Author: Economic Times of India Online News
Moody’s downgrades Tata Motors to B1; changes outlook to negative
Moody’s said that while Tata Motors’ credit profile is more in line with a B2 rating, the ratings agency’s expectation of extraordinary support from its parent Tata Sons Ltd., in times of need, results in a one-notch uplift of the CFR to B1. Mumbai: Moody’s Investors Service said it has downgraded Tata Motors’ corporate family… Continue reading Moody’s downgrades Tata Motors to B1; changes outlook to negative
US to unveil voluntary self-driving testing data-sharing effort
U.S. states have a variety of regulations governing self-driving testing and data disclosure and there is currently no centralized listing of all automated vehicle testing. WASHINGTON: U.S. auto safety regulators will unveil on Monday a voluntary effort to collect and make available nationwide data on existing autonomous vehicle testing. U.S. states have a variety of… Continue reading US to unveil voluntary self-driving testing data-sharing effort
Auto industry to go back a decade; decline upto 45%: SIAM
New Delhi: Going by the RBI Governors’ estimates of witnessing the negative dip in GDP if it turns out at around one-two percent (which I think will be more), the automobile industry will see a decline of about 25 to 45 percent, which is like going back a decade, said Rajan Wadhera, President, Society of… Continue reading Auto industry to go back a decade; decline upto 45%: SIAM
Germany earmarks 500 million euros for electric car charging
The sum is a part of 2.5 billion euros specifically aimed at expanding electric vehicle infrastructure, will be targeted at private users, including households and builders. BERLIN: The German economy ministry wants to earmark 500 million euros ($567 million) from Berlin’s bumper stimulus package to support the roll-out of charging stations for electric cars, two… Continue reading Germany earmarks 500 million euros for electric car charging
Germany unveils 130-billion euros stimulus to kickstart virus-hit economy
The increased rebate for electric cars is aimed meanwhile at giving consumers the incentive to switch to cleaner vehicles, said Soeder, whose state hosts BMW and Audi. Berlin: Germany will plough 130 billion euros ($146 billion) into a stimulus package to kick-start an economy severely hit by the coronavirus pandemic, Chancellor Angela Merkel said Wednesday.… Continue reading Germany unveils 130-billion euros stimulus to kickstart virus-hit economy
N Chandrasekaran seeks to rewire Tata Group for post-Covid world
Into his fourth year as chairman, Chandrasekaran is keen to find solutions to the problems facing the group’s money guzzlers such as Tata Steel Europe, Tata Motors-Jaguar Land Rover and Tata Power. Mumbai: Ahead of a Tata Sons board meeting on Friday, chairman N Chandrasekaran is understood to be sharply recalibrating the group’s business strategy.… Continue reading N Chandrasekaran seeks to rewire Tata Group for post-Covid world
Tata Motors resumes operations across all manufacturing plants
To further shore up the liquidity, the company has issued commercial papers of Rs 3,500 crore and also raised Rs 1,000 crore through non-convertible debentures (NCDs), it added. NEW DELHI: Tata Motors on Tuesday said it has resumed operations across all its manufacturing plants in the country. The company has restarted operations at all plants… Continue reading Tata Motors resumes operations across all manufacturing plants
BMW India resumes operations post temporary suspension due to lockdown
The company continues to see an increase in demand for 3 Series, X1 and Mini Countryman, it added. German luxury carmaker BMW on Monday said it has resumed operations in accordance with the government guidelines. Consumers can once again safely explore and experience the complete range of BMW, MINI and BMW Motorrad products at company… Continue reading BMW India resumes operations post temporary suspension due to lockdown
2 accused of smuggling ex-Nissan boss out of Japan in a box
Authorities say Ghosn was inside one of the big black boxes, lugged by the two men to Japan’s Kansai International Airport. WASHINGTON – A former Green Beret and his son were arrested Wednesday in Massachusetts on charges they smuggled Nissan Motor Co. Chairman Carlos Ghosn out of Japan in a box while he awaited trial… Continue reading 2 accused of smuggling ex-Nissan boss out of Japan in a box