Everrati Automotive Limited is a leading technology company that specialises in the redefining and futureproofing of automotive icons through the integration of electric vehicle (EV) powertrains. The car is based upon a fully restored 1991 Porsche 911 964 and features carbon fibre body elements and a state-of-the-art EV powertrain capable of delivering an electric, emission-free… Continue reading World NM: Future ready 1991 Porsche 911001283
Author: World_Newz Mon
World NM: S. Korea to extend consumption tax cut on passenger cars by another 6 months001282
A 30 percent cut in the consumption tax on the purchase of passenger cars is supposed to expire at the end of June, but the country will extend it until the end of this year. In July 2018, the government slashed the auto consumption tax to 3.5 percent from 5 percent and has continued to… Continue reading World NM: S. Korea to extend consumption tax cut on passenger cars by another 6 months001282
World NM: Covid-19 pandemic: Nissan contributes over Rs 6.75 crore towards relief efforts001281
With the country battling the second wave of the Covid-19 pandemic, Nissan today announced that it has contributed more than Rs 6.75 crore. It has donated Rs 2.20 crore to Tamil Nadu State Disaster Management Authority, Rs 25 lakh to Tamil Nadu Chief Minister’s Public Relief Fund and over Rs 4.30 crore for essential medical… Continue reading World NM: Covid-19 pandemic: Nissan contributes over Rs 6.75 crore towards relief efforts001281
World NM: Autocomp sector set for a rebound after two tough fiscals: Crisil – ThePrint001280
The automotive components sector will see revenue rebound 21 to 23 per cent next fiscal as domestic and export demand revives after two straight contractions, a Crisil research analysis shows. The uptick in OEM demand will rub off on the automotive components sector which could see a revenue growth of 21 to 23 per cent… Continue reading World NM: Autocomp sector set for a rebound after two tough fiscals: Crisil – ThePrint001280
World NM: Hanon Systems bid highlights SK’s ties with Hahn & Co., Ford001279
LG still seen as most probable buyer of auto parts supplier By Park Jae-hyuk SK Group, which has been mentioned as a potential bidder for Hanon Systems, is in focus as observers wonder if the conglomerate will gain the upper hand over another probable bidder, LG Group. The conglomerate and the PEF had signed a… Continue reading World NM: Hanon Systems bid highlights SK’s ties with Hahn & Co., Ford001279
World NM: Tesla center in China to store local data001278
Tesla has said it will store data its vehicles generate in China locally and offer its vehicle owners access to query information, as vehicles from the United States carmaker and other smart car companies are fueling privacy concerns. In the same month, Tesla made public the vehicle’s data within 30 minutes of the car crash… Continue reading World NM: Tesla center in China to store local data001278
World NM: How the computer chip shortage affects the new and used cars you buy001277
Now that (some) countries are emerging from the lockdown and car sales are predicted to experience a demand spike, there simply isn’t the capacity in the chip industry to service all the orders and the automobile industry is the weak point here. For consumers, the effect of these shortages is that new cars are becoming… Continue reading World NM: How the computer chip shortage affects the new and used cars you buy001277
World NM: Honda Pakistan accelerates spare part planning by using IBM systems001276
The move was designed to enhance customer experience across Honda Pakistan’s 35 dealerships in the country and boost its after-sales services. In 2015, it turned to IBM Global Business Services (GBS) to deploy its initial SAP ECC Enterprise Resource Planning (ERP) system to benefit from real-time planning and in turn, improve customer experience. As part… Continue reading World NM: Honda Pakistan accelerates spare part planning by using IBM systems001276
World NM: Two auto majors suspend production001275
After Hyundai Motor India Ltd., a few more automobile manufacturers have temporarily suspended operations in view of the COVID-19 situation in the State. On Tuesday, Royal Enfield announced holidays between May 27 and 29. The management would closely monitor the situation and announce resumption of operations. Go to Source
World NM: Israeli chipmaker Valens to merge with PTK in SPAC deal at $1.16b valuation001274
Valens, a maker of high-speed chips for the audio-video and automotive markets, said Tuesday it will merge with special purpose acquisition company PTK Acquisition Corp., a special purpose acquisition company. Peter Kuo, CEO of PTK Acquisition Corp., said that PTK identified a “rare opportunity to combine with a company that is defining the future of… Continue reading World NM: Israeli chipmaker Valens to merge with PTK in SPAC deal at $1.16b valuation001274