Ford ready to sell Russian plantsFord ready to sell Russian plants ST PETERSBURG: Ford Motor Co is ready to sell its idle Russian plants and sees interest from potential buyers, the carmaker’s Europe chairman said in St. Petersburg on Friday. The company had announced in March that its Russian joint venture Ford Sollers would close… Continue reading Ford ready to sell Russian plants, says companies have shown interest
Author: Economic Times of India Online News
Toyota to launch ultra-compact battery vehicle, tie up with China’s CATL
The company has partnered with CATL. TOKYO: Toyota Motor Corp will launch an ultra-compact, battery-powered car that seats two by next year and will tie up with Chinese battery maker CATL, it said on Friday, to accommodate an accelerated shift to electric vehicles. Japan’s largest automaker said it aimed to have half of its global… Continue reading Toyota to launch ultra-compact battery vehicle, tie up with China’s CATL
China rolls out new measures to spur car sales
The NDRC said in a statement, which applies to the 2019-2020 time period, that support would also be rolled out to encourage car purchases in the country’s rural areas. BEIJING: China said on Thursday it is stopping local governments from imposing new restrictions on car purchases and cancelling existing ones that apply to new energy… Continue reading China rolls out new measures to spur car sales
IIT-Delhi looks to rope in international experts for its electric vehicles centre
This centre will be looking at the changes required in the future. NEW DELHI: IIT-Delhi is on the lookout for international experts in the field of electrical vehicles to boost its Centre for Automotive Research and Tribology (CART). V Ramgopal Rao, IIT-Delhi director, said they are eyeing to recruit professionals from the US in the… Continue reading IIT-Delhi looks to rope in international experts for its electric vehicles centre
Elon Musk says he earned nothing from Tesla in 2018
Tech mogul Elon Musk denied reports that claimed he had earned $2.3 billion in stock options in 2018 San Francisco: While his electric vehicle (EV) company Tesla struggles to make profit, tech mogul Elon Musk denied reports that claimed he had earned $2.3 billion in stock options in 2018. Instead, Musk said he had pocketed… Continue reading Elon Musk says he earned nothing from Tesla in 2018
Asian automaker shares hit as Trump threatens Mexico with tariffs
General Motors Co is the biggest car producer and exporter in Mexico, and its global peers Ford Motor Co, Volkswagen AG and Fiat Chrysler Automobiles NV also have manufacturing presence there. TOKYO: Shares in Asia’s major automakers and their suppliers sank on Friday after U.S. President Donald Trump threatened to slap tariffs on Mexican imports… Continue reading Asian automaker shares hit as Trump threatens Mexico with tariffs
India to acquire reserves of strategic minerals to power the country’s move into EVs
The move is expected to give a big push to Modi government’s efforts to promote and step up use of electric vehicle. Kolkata: India’s move to acquire reserves of strategic minerals like lithium and cobalt to power the country’s move into electric vehicles is all set to become a reality with three state-owned metal and… Continue reading India to acquire reserves of strategic minerals to power the country’s move into EVs
Renault-Nissan Alliance may re-enter LCV segment in India
Denis Le Vot, Global Head of Renault-Nissan Alliance LCV business Paris: A year after the successful launch in China, Renault-Nissan Alliance is actively looking at re-entering the light commercial vehicle segment in India soon, a top level official told ETAuto during an interaction recently. “As far as Group Renault is concerned, we have been developing… Continue reading Renault-Nissan Alliance may re-enter LCV segment in India
Volkswagen Group inaugurates Tools Library in Pune
The group has invested Rs 17 million in setting up the infrastructure of the tools library New Delhi: Volkswagen Group India on Thursday has inaugurated a ‘Tools Library’ near its manufacturing facility in Pune, Maharashtra under the Skoda led ‘India 2.0’ project. The group has invested Rs 17 million in setting up the infrastructure of… Continue reading Volkswagen Group inaugurates Tools Library in Pune
Kinetic plans to make two and three wheeler engines
Kinetic intends to invest around Rs 20 crore in all in these new projects in the short, medium and long term. Chennai: As part of an aggressive expansion plan, Pune-based automobile company Kinetic Engineering will develop two wheeler engines, three wheeler gearboxes as well as gear box cum axles for electric three and four wheeler… Continue reading Kinetic plans to make two and three wheeler engines