Porsche dealer in Shanghai: Adapt sales network to reality. Photo: Bloomberg Berlin. The sports car manufacturer Porsche is preparing to be able to sell permanently lower quantities in China. “The entire premium and luxury market in China has collapsed by around 80 percent within a short period of time, and we do not expect a… Continue reading German Handelsblatt: VW Group: Porsche prepares for permanently low China sales012299
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German Handelsblatt: VW Group: Porsche prepares for permanently low China sales012299
Porsche dealer in Shanghai: Adapt sales network to reality. Photo: Bloomberg Berlin. The sports car manufacturer Porsche is preparing to be able to sell permanently lower quantities in China. “The entire premium and luxury market in China has collapsed by around 80 percent within a short period of time, and we do not expect a… Continue reading German Handelsblatt: VW Group: Porsche prepares for permanently low China sales012299
Waabi raises $1B and expands into robotaxis with Uber
Autonomous vehicle startup Waabi has raised $1 billion and struck a partnership with Uber to deploy self-driving cars on the ride-hailing platform — the company’s first expansion beyond autonomous trucking. The funding consists of an oversubscribed $750 million Series C round co-led by Khosla Ventures and G2 Venture Partners and roughly $250 million in milestone-based… Continue reading Waabi raises $1B and expands into robotaxis with Uber
TVS Motor Looks at EV Capacity Expansion as Output Inches Towards 5 Lakh Units Annually
TVS Motor Company is reviewing a fresh expansion of its electric two-wheeler manufacturing capacity as rising demand pushes the company closer to an annual EV output of nearly 5 lakh units, according to a senior company official. Speaking to analysts after the company’s Q3 FY26 earnings, KN Radhakrishnan, CEO and director of TVS Motor Company,… Continue reading TVS Motor Looks at EV Capacity Expansion as Output Inches Towards 5 Lakh Units Annually
TVS Motor Revises FY26 Investment Plan Upwards to Rs 2,900 Crore
TVS Motor Company has revised its total investment guidance for FY26 upwards to around Rs 2,900 crore, from an earlier plan of about Rs 2,000 crore, reflecting stronger-than-expected growth momentum and increased strategic investments across businesses, according to KN Radhakrishnan, CEO and director of the company. Speaking to analysts after the company’s Q3 FY26 earnings,… Continue reading TVS Motor Revises FY26 Investment Plan Upwards to Rs 2,900 Crore
TVS Motor Sees 2W Industry Growing 15% in Q4, 9% in FY26 with GST Boost, Strong Rabi Output
The sharp revival in two-wheeler demand seen in the third quarter of FY26, driven by the GST reduction, is expected to sustain into the final quarter of the fiscal year, supported by healthy rabi output, improving rural sentiment, and easier credit conditions, according to KN Radhakrishnan, CEO and director of TVS Motor Company. The two-wheeler… Continue reading TVS Motor Sees 2W Industry Growing 15% in Q4, 9% in FY26 with GST Boost, Strong Rabi Output
Exide Industries Invests ₹50 Crore in Wholly-Owned Subsidiary for Lithium-Ion Battery Manufacturing
Exide Industries Limited has made an additional equity investment of ₹50 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited, through subscription of equity shares on a rights basis. The investment maintains the company’s 100 percent shareholding in the subsidiary, with no change in ownership structure. Exide Energy Solutions Limited allotted 1.25 crore equity shares… Continue reading Exide Industries Invests ₹50 Crore in Wholly-Owned Subsidiary for Lithium-Ion Battery Manufacturing
ASK Automotive Announces ₹35 Crore Capacity Expansion for Advanced Braking Systems
ASK Automotive Limited has announced a significant capacity expansion for its advanced braking systems division, targeting the two-wheeler segment. The company’s Board of Directors approved the establishment of two new manufacturing plants in Rajasthan at leased properties, designed to produce brake shoes and disc brake pads. The expansion will add 6 crore pieces per annum… Continue reading ASK Automotive Announces ₹35 Crore Capacity Expansion for Advanced Braking Systems
As Saudi Arabia’s 100-Mile Skyscraper Crumbles, They’re Replacing It With the Most Desperate Thing Imaginable
No one is surprised that Neom — Saudi Crown Prince Mohammed bin Salman’s $1.5 trillion-with-a-t plan to build a futuristic megacity smack dab in the middle of the desert — has turned out to be a disaster. Its centerpiece was supposed to be a towering skyscraper called The Line, over 100 miles in length, that… Continue reading As Saudi Arabia’s 100-Mile Skyscraper Crumbles, They’re Replacing It With the Most Desperate Thing Imaginable
German Handelsblatt: Interview with Mathias Miedreich: “Cash will no longer be burned” – How the automotive supplier ZF wants to get out of the crisis012296
Mathias Miedreich: The ZF boss wants to sell other parts of the company in order to reduce the automotive supplier’s debts. Photo: ZF [M] Friedrichshafen. The new boss of the second-largest German auto supplier ZF, Mathias Miedreich, sees his company on the right track into the electric age after setbacks. “The cure that ZF needs… Continue reading German Handelsblatt: Interview with Mathias Miedreich: “Cash will no longer be burned” – How the automotive supplier ZF wants to get out of the crisis012296