The India Technical Center will play a key role in the smoother and more efficient working of the employees of PSA India New Delhi: French auto manufacturer Groupe PSA has opened its India Technical Center in Chennai One, part of one of the Chennai Special Economic Zones. The company claims this technical centre will enable… Continue reading Groupe PSA opens India Technical Center
Author: Economic Times of India Online News
Visteon Corporation’s net income down by 80% at $7 million in 2019 Q2
Visteon has claimed in a release that it received new business amounting to $3.2 billion in the first half of 2019 (January-June), with 60% attributed to digital clusters, displays and SmartCore domain controller. New Delhi: American automotive electronics provider Visteon Corporation has reported 80% drop in its net income in the second quarter of 2019… Continue reading Visteon Corporation’s net income down by 80% at $7 million in 2019 Q2
JLR pushes Tata Motors Q1 losses to double at Rs 3679 cr
The primary reason behind the increase in loss is its British luxury arm Jaguar Land Rover which has reported a pre-tax loss of 395 million pounds compared with 264 million pounds loss in the same period a year ago. NEW DELHI: Home-grown automaker Tata Motors on Thursday said that it has doubled the losses to… Continue reading JLR pushes Tata Motors Q1 losses to double at Rs 3679 cr
Tesla co-founder J.B Straubel steps down as CTO, to become senior advisor
The long time executive in Tesla Inc. started his journey in the Palo Alto-based company shortly after made his first investment. New Delhi: Tesla co-founder J.B Sraubel has announced that he will be stepping down from the current role of Chief Technology Officer of the American elecric vehicle manufacturer, only to take a senior advisor… Continue reading Tesla co-founder J.B Straubel steps down as CTO, to become senior advisor
Ford shutters French transmission plant
Bordeaux: A Ford plant that produced transmissions in southwestern France shut down for good on Wednesday after the carmaker brushed aside efforts save some operations at the facility that had employed up to 3,600 people. The factory in Blanquefort, outside Bordeaux, was scheduled to close on July 31 but “people arrived this morning and were… Continue reading Ford shutters French transmission plant
Cellestial E-mobility raises $200,000 from Singapore investor
Cellestial E-mobility, a city-based startup is working in developing electric tractors with longest battery life. (Representative Image) HYDERABAD: Cellestial E-mobility, a city-based startup working in developing electric tractors with longest battery life, has raised an initial funding of $200,000. The sum was raised from angel investor Meka Sudhakar Reddy, a Singapore-based NRI, with over 18… Continue reading Cellestial E-mobility raises $200,000 from Singapore investor
1,01,000 kilometre in 3 years: Longest e-road trip ends in New Zealand
“I wanted to do my best to promote this technology and show that sustainability is a viable way of transport,” Wakker said on completing the longest ever journey in an electric vehicle in New Zealand. WELLINGTON: A Dutch sustainability advocate completed the longest ever journey in an electric vehicle in New Zealand on Friday after… Continue reading 1,01,000 kilometre in 3 years: Longest e-road trip ends in New Zealand
Volkswagen to ramp up localisation to 92%, says official
The company has chalked out six strategic priorities in the domestic market to focus on. CHENNAI: German automobile-maker Volkswagen would take steps to ramp up its localisation-level to 92 per cent over the next two-three years under the India 2.0 initiative, a top official said Friday. The company announced India 2.0 project last year, along… Continue reading Volkswagen to ramp up localisation to 92%, says official
Indonesia aims to start electric vehicle production in 2022
The government is offering tax holidays for companies producing EV batteries in Indonesia. JAKARTA – Indonesia is aiming to start producing electric vehicles (EVs) in 2022, a senior official at the Industry Ministry told Reuters on Thursday, after a number of companies disclosed plans to invest in the country. Indonesia is pushing for the development… Continue reading Indonesia aims to start electric vehicle production in 2022
Continental launches powertrain plant in Wuhu
This production plant is expected to create 600 new jobs. New Delhi: Continental AG has launched its new powertrain plant in Wuhu in China, built over an area of 24,000 square meters. This new facility will further boost the production capacity for low-emission combustion technologies and new energy vehicles, claims the company. Also, this facility… Continue reading Continental launches powertrain plant in Wuhu