Category: News Site

Ferrari tempers 2020 expectations with cautious upgrade

MILAN (Reuters) – Demand for Ferrari’s (RACE.MI) Portofino and 812 Superfast models helped the Italian supercar maker hit profit targets for last year though it only a provided cautious upgrade to its outlook for 2020. FILE PHOTO: Ferrari Roma is unveiled during its first world presentation in Rome, Italy, November 14, 2019. REUTERS/Guglielmo Mangiapane/File Photo… Continue reading Ferrari tempers 2020 expectations with cautious upgrade

Henkel opens phase II of Kurkumbh plant, plans additional 50m euro investment

Henkel Adhesives Technologies India, a wholly-owned subsidiary of Henkel, Germany, has announced the unveiling of its second phase of its production facility in Kurkumbh, Maharashtra. Following the initial investment of around 50 million euros (Rs 400 crore) in the new facility that will help meet demand for high-performance adhesives, sealants and surface treatment products in… Continue reading Henkel opens phase II of Kurkumbh plant, plans additional 50m euro investment

Prakriti E-Mobility and Tata Power to set up India’s largest EV charging infrastructure

Prakriti E- Mobility has signed an agreement with Tata Power, to provide state-of-the-art charging infrastructure to support Prakriti’s EV Taxi fleet in Delhi-NCR. Both partners will set up 30 slow chargers and 5 fast chargers across Delhi-NCR region. Tata Power will be responsible for the designing, procurement, installation and management of all charging infrastructure at selected… Continue reading Prakriti E-Mobility and Tata Power to set up India’s largest EV charging infrastructure

Tesla will launch ride-sharing app with its own driver insurance

Tesla plans to launch its own ride-sharing app before achieving full autonomy and the drivers will be covered under the automaker’s own driver insurance. For years now, Tesla has taunted a ride-hailing app to be powered by its self-driving system. Last year, CEO Elon Musk said that he was open to releasing the app, which… Continue reading Tesla will launch ride-sharing app with its own driver insurance

Hyundai to halt South Korea output as virus disrupts China parts supply

SEOUL (Reuters) – Hyundai Motor (005380.KS) said it will suspend production in South Korea due to the coronavirus outbreak disrupting parts supply, becoming the first major automaker to do so outside of China. FILE PHOTO: A man walks past the logo of Hyundai Motor during the 2019 Seoul Motor Show in Goyang, South Korea, March… Continue reading Hyundai to halt South Korea output as virus disrupts China parts supply

Zac Hollis: ‘By localising the Vision In to 95%, we will be able to make it competitive.’

Skoda Auto India, which is leading the Volkswagen Group’s ‘India 2.0’ growth strategy, unveiled the Vision IN SUV concept. The midsize SUV (over 4.2 metres), slated for market launch during Q2 of 2021, will have the responsibility to be the Czech brand’s volume driver while its German cousin on the same platform, Taigun will have… Continue reading Zac Hollis: ‘By localising the Vision In to 95%, we will be able to make it competitive.’

Volkswagen to invest Rs 8,000 crore in 2nd bet on India

NEW DELHI: Volkswagen (VW) group is taking a second bet on India as it pumps in a fresh one billion Euro (Rs 7,900 crore) to take a pie of the market, which is seen as one of the bright spots in the global automotive world, despite the current slump. VW will launch SUVs, sedans, electric… Continue reading Volkswagen to invest Rs 8,000 crore in 2nd bet on India