FRANKFURT (Reuters) – Daimler (DAIGn.DE) warned its earnings halved in 2019 and it faced further charges of up to 1.5 billion euros ($1.7 billion)related to diesel pollution, in the latest blow to the German luxury carmaker. FILE PHOTO: A Mercedes-Benz “Vision URBANETIC” concept car is seen in front of the Daimler AG logo during the… Continue reading Daimler profits halve on diesel and restructuring charges
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Great Wall Motors appoints Hardeep Singh Brar as director of marketing and sales
Brar has over 2 decades of experience in managing automotive sales, marketing and network. New Delhi: Great Wall Motors (GWM) has appointed Hardeep Singh Brar as director of marketing and sales, announced the company in a release on Wednesday. Last week, ETAuto broke the news about his appointment with GWM. Prior to this, Hardeep Singh… Continue reading Great Wall Motors appoints Hardeep Singh Brar as director of marketing and sales
Tesla May Finally Be Allowed To Sell Its Vehicles In Michigan
Tesla has been battling with several states for years to get permission to sell its vehicles inside their borders. Michigan has been at the top of the list of states that ban Tesla’s direct sales approach, primarily due to its strong union presence and support of the Big Three automakers. Essentially, states like Michigan will… Continue reading Tesla May Finally Be Allowed To Sell Its Vehicles In Michigan
Force Motors reveals new, high-on-safety IC and electric van platform
Pune-based automotive major and India’s largest van manufacturer Force Motors has revealed the country’s first shared mobility platform designed and developed for both internal combustion engines and 100% electric drive. Work on the project – codenamed T1N – began four years ago with a dedicated team of 150 engineers and with the objective to develop a… Continue reading Force Motors reveals new, high-on-safety IC and electric van platform
How Lotus stays disruptive after 72 years | Latest Norfolk and Suffolk Business News – Eastern Daily Press
Video PUBLISHED: 13:27 21 January 2020 | UPDATED: 13:45 21 January 2020 Stevie Smith �[The Evija] is something new for us and I don�t think the marketplace was expecting it.� Matt Windle, executive director of sports car engineering at Lotus. Photo: Lotus Lotus In a new video, Matt Windle, executive director of sports car engineering… Continue reading How Lotus stays disruptive after 72 years | Latest Norfolk and Suffolk Business News – Eastern Daily Press
JLR announces 500 job cuts at Halewood plant
Jaguar Land Rover (JLR) will make 500 job cuts at its Evoque and Discovery Sport SUV-producing Halewood manufacturing plant on Merseyside. In what Unite the union described as “a further blow to the UK car industry” the premium carmaker will cut jobs as part of a move from a a three-shift system to a two-plus… Continue reading JLR announces 500 job cuts at Halewood plant
Daimler warns of €1.5bn hit to profits from Dieselgate litigation
Owner of Mercedes-Benz set to report biggest drop in earnings since financial crisis Go to Source
Renault chairman hopes decision on new CEO is made ‘in coming days’
FILE PHOTO: Chairman of Renault SA Jean-Dominique Senard attends a news conference at French carmaker Renault headquarters in Boulogne-Billancourt, near Paris, France, October 11, 2019. REUTERS/Charles Platiau/File Photo PARIS (Reuters) – Renault (RENA.PA) Chairman Jean-Dominique Senard said Wednesday he hoped the decision on the French carmaker’s new CEO would be made in “the coming days”. In… Continue reading Renault chairman hopes decision on new CEO is made ‘in coming days’
Jaguar Land Rover to cut 10% of workforce at UK Halewood factory
FILE PHOTO: A worker arrives at Jaguar Land Rover’s Halewood Plant in Liverpool, Britain, January 10, 2019. REUTERS/Phil Noble LONDON (Reuters) – British carmaker Jaguar Land Rover (JLR) (TAMO.NS) said on Wednesday it will cut around 10% of the workforce at its northern English Halewood factory as it changes shift patterns to boost efficiency at… Continue reading Jaguar Land Rover to cut 10% of workforce at UK Halewood factory
Activist hedge fund Elliott sells stakes in Hyundai Motor companies – paper
SEOUL, Jan 22 (Reuters) – Elliott Management sold all its shares in Hyundai Motor Group companies last year, a South Korean newspaper reported on Wednesday, after the U.S. activist hedge fund’s campaign demanding 7 trillion won ($6 billion) in dividends and board seats was thwarted in March. Elliott held more than $1 billion (£710.6 million)… Continue reading Activist hedge fund Elliott sells stakes in Hyundai Motor companies – paper