Category: Automotive

WaveArray Antifouling Systems, LLC Receives $1M SBIR Phase II Award from The National Science Foundation

NSF award, which will be used to help WaveArray’s mission of preventing biofouling without the use of bottom paint, won based on environmental impact, ability to grow into a successful business, and scientific merit NAPLES, Fla., April 25, 2023 /PRNewswire/ — WaveArray Antifouling Systems, LLC, a Naples, Florida-headquartered marine electronics company, has received a $999,122 National Science Foundation (NSF)… Continue reading WaveArray Antifouling Systems, LLC Receives $1M SBIR Phase II Award from The National Science Foundation

S&P Global Mobility: Progress of US auto sales remains unsteady

New light vehicle sales in April are expected to maintain the pace of the preceding months; uncertainty remains for remainder of year SOUTHFIELD, Mich., April 25, 2023 /PRNewswire/ — S&P Global Mobility estimates new light vehicle sales volume in April 2023 to reach 1.29 million units, up approximately 4% from April 2022 and representing the… Continue reading S&P Global Mobility: Progress of US auto sales remains unsteady

Energy firms in Germany join up for sea-to-inland hydrogen route

Seven companies in Germany‘s energy sector said on Tuesday that they had formed an alliance to bring clean hydrogen from the seashore to centres of industrial consumption. Germany wants to build 10 gigawatts of green hydrogen capacity, made from solar and wind power, by 2030 and import massive volumes from overseas to help industries such… Continue reading Energy firms in Germany join up for sea-to-inland hydrogen route

India’s Bajaj Auto reports Q4 profit drop on sluggish exports

Bajaj had said in January that its largest export market, Nigeria, would continue to be “depressed” and “volatile” until elections concluded at the end of February. India’s Bajaj Auto Ltd reported a 2.5% drop in fourth-quarter profit on Tuesday, as exports of its two- and three-wheelers took a hit due to the impact of high… Continue reading India’s Bajaj Auto reports Q4 profit drop on sluggish exports

UK car ownership rises for first time since pandemic

The uptick comes after car ownership had fallen for two straight years – the first such decline in more than 100 years. UK car ownership rose last year for the first time since the coronavirus pandemic and the overall number of vehicles in use on British roads reached record levels, industry data showed on Tuesday.… Continue reading UK car ownership rises for first time since pandemic

GM raises full-year profit forecast, citing strong pricing, demand

Jacobson said GM is counting on launches of its new generation electric vehicles to help rebuild sales and profits in China. General Motors Co on Tuesday lifted its full-year profit and cash flow forecasts, citing stronger-than-expected demand and higher prices, even as pre-tax profits for the first quarter fell. The No. 1 U.S. automaker said… Continue reading GM raises full-year profit forecast, citing strong pricing, demand

Rupee settles flat at 81.92 against US dollar

During the session, the rupee touched a high of 81.86 and a low of 81.96 against the dollar. The rupee traded in a narrow range and settled on a flat note at 81.92 (provisional) against the US dollar amid rising crude oil prices and foreign fund outflows. At the interbank foreign exchange market, the local… Continue reading Rupee settles flat at 81.92 against US dollar

Skoda Elroq EV SUV will replace Karoq globally

Skoda has unveiled a fresh all-electric SUV, the Elroq, that will replace the Karoq overseas in the near future. This new SUV will be Skoda’s second born EV that will be followed by four more EVs globally by 2026. Skoda Elroq: first SUV to get Modern Solid design languageSkoda’s all-new and rugged design language,  Modern… Continue reading Skoda Elroq EV SUV will replace Karoq globally

M&M remains confident of pickup truck growth in FY24, monsoon, interest rates key to growth of segment

M&M remains confident of pickup truck growth in FY24, monsoon, interest rates key to growth of segment Reinforcing its leadership position, Mahindra & Mahindra, which launched its new-gen Bolero Pick up on Tuesday, believes that the upcoming monsoon season and the much-needed reversal of high-interest rates will be key to the pick-up segment achieving its… Continue reading M&M remains confident of pickup truck growth in FY24, monsoon, interest rates key to growth of segment