German Manager Magazin: Tesla Battery Day: Elon Musk slows down battery euphoria000153

Tesla-Boss Elon Musk (49) tried to curb the self-generated hype about the “Battery Day” he staged. The event, which was already announced for Tuesday in 2019, had aroused great expectations. Tesla’s share price had also risen against the market at the beginning of the week, the company is now around four and a half times… Continue reading German Manager Magazin: Tesla Battery Day: Elon Musk slows down battery euphoria000153

Teleworking: PSA is leading its revolution in discretion

Posted on Sep 22, 2020 at 11:15 a.m. In recent days, some 40,000 PSA employees around the world (including 18,000 in France) have switched to a new work organization almost without realizing it. Since the beginning of September, teleworking 3.5 to 4 days a week has indeed become the rule for all employees “not directly… Continue reading Teleworking: PSA is leading its revolution in discretion

Ford India launches Endeavour Sport at Rs 35.10 lakh

Ford India has launched the Endeavour Sport at Rs 35.10 lakh (ex-showroom, Delhi). The new variant – which is based on the Titanium+ 4×4 trim – adds blacked-out cosmetic elements to the Endeavour’s exterior in a bid to give the SUV a sportier look. Compared to the standard Endeavour, the Endeavour Sport gets a raft… Continue reading Ford India launches Endeavour Sport at Rs 35.10 lakh

India: US firm HAAH Automotive reaches out to M&M to invest in SsangYong

US-based automobile distributor HAAH Automotive Holdings has reached out to India’s Mahindra & Mahindra Ltd (M&M) with an offer to invest USD 258 million in the latter’s Korean subsidiary SsangYong Motor Company, according to a report by the news agency Korean Investors. The report said that Indian automobile manufacturer, which owns 75% stake in SsangYong Motor,… Continue reading India: US firm HAAH Automotive reaches out to M&M to invest in SsangYong

China’s Didi, BYD to launch co-designed ride-hailing EV this year

China’s ride-hailing giant Didi Chuxing and electric vehicle maker BYD plan to launch this year a test batch of a vehicle they have designed for ride-hailing services, people familiar with the matter said. BYD received approval from China’s Ministry of Industry and Information Technology to sell an electric sedan model called D1 last month, according to government… Continue reading China’s Didi, BYD to launch co-designed ride-hailing EV this year

Daimler Buses India produces 100th FUSO bus for export markets

Daimler Buses India began production of FUSO-branded 9-ton buses for export markets in October 2019. Since then, production of fully-built FUSO School and Staff Buses serving UAE markets has been continuously ramped up. Recently, Daimler Buses India reached its first milestone with the 100th FUSO bus rolling off the line at its Chennai plant. Apart… Continue reading Daimler Buses India produces 100th FUSO bus for export markets

FuelBuddy raises Rs 17 crore in seed funding

FuelBuddy, the Delhi-based on-demand fuel-delivery start-up which commenced operations in May 2018, has announced raising fresh funds for business expansion in its latest round of seed funding. The company has raised Rs 17 crore (US$ 2.3 million) from individual investor SK Narvar, with a further capital commitment of an equal amount on need basis. The… Continue reading FuelBuddy raises Rs 17 crore in seed funding