Mike Wirth, CEO, Chevron Chevron Corp CEO Michael Wirth was paid USD 23.6 million in 2022, a 4% increase from the prior year, according to a securities filing released on Wednesday. Chevron‘s profit more than doubled in 2022 from the previous year to a record USD 36.5 billion due to high energy prices and cost-cutting… Continue reading Chevron paid its CEO USD 23.6 mn in 2022, US SEC filing shows
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Nitin Gadkari pledges INR 1,500 cr for revamping of roads in Delhi
Nitin Gadkari, Minister for Road Transport & Highways in the Government of India. Union minister Nitin Gadkari on Wednesday inaugurated an upgraded stretch between Dhaula Kuan and IGI Airport here and pledged INR 1,500 crore for revamping of roads in Delhi. Accompanied by Delhi Lieutenant Governor VK Saxena, Gadkari inaugurated the 8-km stretch revamped and… Continue reading Nitin Gadkari pledges INR 1,500 cr for revamping of roads in Delhi
Acute CNG shortage across Kolkata leaves green car owners in lurch
The situation is so dire that nearly 400 CNG vehicle owners have banded together to form a WhatsApp group to alert members if they learn CNG stock has arrived at a particular fuel station. Kolkata: Several hundred Kolkatans who have bought CNG-powered cars instead of petrol- or diesel-run ones to save on fuel costs are… Continue reading Acute CNG shortage across Kolkata leaves green car owners in lurch
Joe Biden’s stimulus package can give a jolt to British investors
What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well… Continue reading Joe Biden’s stimulus package can give a jolt to British investors
LANXESS and Advent International complete Engineering Materials joint venture
LANXESS, a specialty chemicals company, and private equity investor Advent International havecompleted the formation of their engineering materials joint venture (JV) effective April 1, 2023, which sees the amalgamation of DSM’s Engineering Materials business and LANXESS’ former High Performance Materials business. LANXESS holds about 40 percent of the joint venture, with Advent keeping a 60… Continue reading LANXESS and Advent International complete Engineering Materials joint venture
In Conversation with Maruti Suzuki India’s Shashank Srivastava
Maruti Suzuki India is aiming for the top spot in the SUV segment with two upcoming launches that will enable it to grow its SUV market share to 25 percent in FY24. The carmaker is also bullish about making gains in the overall passenger vehicle segment with an aim to regain 50 percent market share.… Continue reading In Conversation with Maruti Suzuki India’s Shashank Srivastava
CNG price cut to help grow share in PV market to 18% in FY2027: ICRA
The proportion of CNG, EVs and hybrids is likely to materially increase as a proportion of new vehicles sales over the next 3-4 years, even as petrol-based vehicles are likely to continue to constitute a significant portion of the new vehicle sales. The Cabinet Committee on Economic Affairs (CCEA) has approved a new domestic gas pricing… Continue reading CNG price cut to help grow share in PV market to 18% in FY2027: ICRA
Hyundai and Kia partner 17 companies to accelerate transition to SDVs
Hyundai Motor Company and Kia Corporation have signed a multilateral Memorandum of Understanding (MOU) with 17 industry-leading companies, including Hyundai Motor Group affiliates and software development companies, to form the Hyundai Motor Group Model-Based Development (MBD) Consortium. The consortium aims to boost Hyundai Motor and Kia’s competitiveness in vehicle control system development. The development of advanced… Continue reading Hyundai and Kia partner 17 companies to accelerate transition to SDVs
ZF begins series production of electric drives for LCVs
ZF’s Commercial Vehicle Solutions (CVS) division has announced that its new CeTrax lite electric central drive has entered series production. Using synergies from ZF’s development and production of passenger car drives, the new driveline is adapted to use in light commercial vehicles. Designed as a highly integrated electric drive, CeTrax lite provides significant advantages for… Continue reading ZF begins series production of electric drives for LCVs
ZF begins series production of electric drives for LCVs
ZF’s Commercial Vehicle Solutions (CVS) division has announced that its new CeTrax lite electric central drive has entered series production. Using synergies from ZF’s development and production of passenger car drives, the new driveline is adapted to use in light commercial vehicles. Designed as a highly integrated electric drive, CeTrax lite provides significant advantages for… Continue reading ZF begins series production of electric drives for LCVs