The IRA, a behemoth piece of legislation that largely focuses on climate and social spending, provides more than $430 billion in US investments. Certain provisions in US President Joe Biden’s landmark climate action plan, the Inflation Reduction Act (IRA), have provoked strong responses from the European Union, which fears it could hurt its industry. With… Continue reading Biden’s ambitious climate plan stokes tension with EU allies
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Ashok Leyland elevates Sanjay V Jorapur as President HR
Sanjay V Jorapur has been named president and head of human resources at Ashok Leyland, the Hinduja Group’s flagship company in India and the country’s largest manufacturer of commercial vehicles. Amanpreet Singh, who is presently President and Head of Human Resources, will transition to a senior position at Hinduja Group in Mumbai. Dheeraj G. Hinduja, Executive… Continue reading Ashok Leyland elevates Sanjay V Jorapur as President HR
Kia India enters certified pre-owned car business with ‘Kia CPO’
Kia India has announced the commencement of its Certified Pre-Owned Car Business ‘Kia CPO’ for customers looking for quality used cars with verified history. With exclusive Kia CPO outlets, the company intends to provide a new age experience to customers, in line with new car buying experience, that will allow them to sell, buy or exchange pre-owned cars,… Continue reading Kia India enters certified pre-owned car business with ‘Kia CPO’
Tata Motors partners with IndusInd Bank for EV dealer financing
Automajor Tata Motors on Tuesday announced that it has joined hands with IndusInd Bank to offer an exclusive Electric Vehicle Dealer Financing solution to its authorised passenger EV dealers. Under the scheme, IndusInd Bank will provide additional inventory funding with attractive pricing to authorised passenger EV dealers of Tata Motors. This additional inventory funding would… Continue reading Tata Motors partners with IndusInd Bank for EV dealer financing
Italian car company Lancia is being reborn as an EV-only brand
/ Its first electric car will launch in 2024. Lancia’s new wordmark featuring its new brand font.Image: Lancia Lancia, the Italian car company owned by Stellantis alongside Fiat, Chrysler, Citroën, Vauxhall, and Peugeot, is being revived as an electric car brand. The company announced plans to produce three electric vehicles between 2024 and 2028: a… Continue reading Italian car company Lancia is being reborn as an EV-only brand
German Handelsblatt: Automotive industry: The small cars are dying out: Why Renault Twingo, Ford Fiesta and VW Up are disappearing005684
VW Up Volkswagen no longer builds the popular small car. However, the electric successor will not come until 2025. (Photo: VW) Germany’s nurses have a hard time without the very little ones. When it comes to choosing their company car, the choice is shrinking. In the Mini class, as defined by the Federal Motor Transport… Continue reading German Handelsblatt: Automotive industry: The small cars are dying out: Why Renault Twingo, Ford Fiesta and VW Up are disappearing005684
German Handelsblatt: Automotive industry: The small cars are dying out: Why Renault Twingo, Ford Fiesta and VW Up are disappearing005684
VW Up Volkswagen no longer builds the popular small car. However, the electric successor will not come until 2025. (Photo: VW) Germany’s nurses have a hard time without the very little ones. When it comes to choosing their company car, the choice is shrinking. In the Mini class, as defined by the Federal Motor Transport… Continue reading German Handelsblatt: Automotive industry: The small cars are dying out: Why Renault Twingo, Ford Fiesta and VW Up are disappearing005684
JD said to lay off employees in Thailand, potentially exit businesses in SE Asia
JD Central Thailand, a joint venture between Chinese retail giant JD.com and Thailand’s largest retailer Central Group, is said to have laid off a significant portion of its staff on Monday, DealStreetAsia has learnt. While a confirmation on the exact number could not be ascertained, sources familiar with the matter said nearly 200 employees may… Continue reading JD said to lay off employees in Thailand, potentially exit businesses in SE Asia
BlackRock completes second Taiwan solar refinancing deal worth $125m
BlackRock’s climate infrastructure business has closed its second solar refinancing deal in Taiwan worth $125 million, per a statement by law firm Linklaters on Tuesday, which acted as legal advisor to the deal. The green loan facility will be used to refinance, recapitalise, and fund the construction of its wholly-owned subsidiary New Green Power’s portfolio… Continue reading BlackRock completes second Taiwan solar refinancing deal worth $125m
X-EPIC snags funds and 54 other deals from Greater China worth over $1.1b
X-EPIC, which provides electronic design automation (EDA) software and solutions to businesses, has completed its Series B round raising “several hundreds of million” yuan, it said in a statement. The company will use the fresh funding to ramp up its product offerings and for team expansion. The Series B round was led by Zhongdian Zhongjin,… Continue reading X-EPIC snags funds and 54 other deals from Greater China worth over $1.1b