Author: World_Newz Mon

World NM: Covid fears are paralysing global car manufacturers in Chennai, India’s Detroit001271

Automakers with plants in Tamil Nadu, the industry’s hub in India, are suspending operations and reducing shifts as employees threaten to go on strike due to health concerns about Covid-19 in the southern state. The workers have also challenged the state’s decision to exempt the auto industry from local lockdown rules. The Madras High Court… Continue reading World NM: Covid fears are paralysing global car manufacturers in Chennai, India’s Detroit001271

World NM: UK Business Consultation kickstarts ahead of UK-India FTA negotiations – ThePrint001270

The UK India Business Council welcomes the launch of the UK Government’s 14-week business consultation in preparation for UK-India FTA negotiations. This crisis will pass and both the UK and Indian economies are anticipated to grow significantly during 2021 with the UK forecast to grow at more than 7 percent and India at over 10… Continue reading World NM: UK Business Consultation kickstarts ahead of UK-India FTA negotiations – ThePrint001270

World NM: S. Korea to offer tax benefits, other support for auto chip parts makers001269

South Korea plans to provide tax incentives and financial support to makers of automotive chip parts and other key parts and materials, the finance minister said Tuesday. South Korean automakers have suffered a global shortage of automotive chips. South Korea, home to Samsung Electronics Co. and SK hynix Inc., is a powerhouse of memory chips.… Continue reading World NM: S. Korea to offer tax benefits, other support for auto chip parts makers001269

World NM: Government intervention is required to make EVs cheaper, but it’s key to increasing uptake in Australia, a new report outlines001268

If technology accelerates, Australia could reach a “revolutionary turning point” in its transition to zero-emission vehicles. The association also reported that the shift towards electric cars will bring structural change and pose significant challenges to the sector, however government intervention could have a major impact on outcomes. It also found that apprehension among consumers and… Continue reading World NM: Government intervention is required to make EVs cheaper, but it’s key to increasing uptake in Australia, a new report outlines001268

World NM: SsangYong likely to pick lead manager for sale process001267

SsangYong Motor Co., currently under court receivership, is expected to select a lead manager as early as this week to find a new investor, industry sources said Tuesday. U.S. vehicle importer HAAH Automotive Holdings Inc. reportedly remains among the potential bidders though it failed to submit a letter of intent (LOI) to a bankruptcy court… Continue reading World NM: SsangYong likely to pick lead manager for sale process001267

World NM: News digest: Harsh words spoken in Slovakia in response to Belarus001266

Welcome to the first redesigned edition of Today in Slovakia on Monday, May 24, 2021. Several Slovak media outlets have issued a joint statement in support of Pratasevich and other Belarusian journalists, calling on the state and EU representatives to protect their colleagues in Belarus. This means that the anti-pandemic rules applied there are milder… Continue reading World NM: News digest: Harsh words spoken in Slovakia in response to Belarus001266

World NM: Supply shortage have no effect on carmakers’ economic results001265

Supply shortage in car components continue affecting carmakers in Slovakia. The Bratislava-based carmaker Volkswagen decided on suspending the production of its SUV models in late April, restoring production only on May 17 due to a shortage of semiconductor components. The supply shortage then affected the production of the Trnava-based Stellantis. Go to Source

World NM: Renault Nissan factory staff in India say won’t work in lockdown, fear contracting Covid001264

Renault Nissan Automotive India Pvt. is caught in a legal dispute after some of its factory floor staff threatened to stop work on fears of contracting Covid-19 and challenged an exemption granted to the automobile industry from local lockdown rules. A workers’ union has filed a lawsuit against the automaker and the Tamil Nadu state… Continue reading World NM: Renault Nissan factory staff in India say won’t work in lockdown, fear contracting Covid001264

World NM: Chevrolet Corvette production parked this week due to parts shortage001263

The Chevrolet Corvette Stingray is one of the quickest-selling cars in the U.S. and GM can’t make enough of them to keep up with demand. It took just 9.2 days for dealers to turn their Corvettes in April, compared to an industry-wide average of 48.3 days, putting it at the top of the list. Production… Continue reading World NM: Chevrolet Corvette production parked this week due to parts shortage001263