Automotive – Page 37369 – I wish I had more to offer

BorgWarner Expands Silicon Carbide Inverter Business with Major Global OEM

800V inverter technology offers ideal scalability, superior efficiency and high power density Builds upon 400V inverter business with the automaker SOP is 2025 for battery electric vehicle (BEV) platforms AUBURN HILLS, Mich., Feb. 9, 2023 /PRNewswire/ — BorgWarner is building upon its current 400V inverter business with a major global OEM by now also supplying 800V… Continue reading BorgWarner Expands Silicon Carbide Inverter Business with Major Global OEM

CARS to Announce Fourth Quarter and Full Year 2022 Financial Results

CHICAGO, Feb. 9, 2023 /PRNewswire/ — Cars.com Inc. (NYSE: CARS) (“CARS” or the “Company”), a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions, today announced that it expects to report its financial results for the fourth quarter and full year ended December 31, 2022, on Thursday, February 23, 2023. The Company will… Continue reading CARS to Announce Fourth Quarter and Full Year 2022 Financial Results

U.S. recession still likely despite resilient economic data

Tiffany Wilding, PIMCO North American economist, said the strong economic data suggests a recession may come later than previously expected, but remains likely. U.S. bond manager Pacific Investment Management Company (PIMCO) is sticking to its previous forecast that the U.S. economy is headed toward a recession, despite recent data indicating economic resilience. An employment report… Continue reading U.S. recession still likely despite resilient economic data

Greaves Cotton acquires 60% stake in Excel Controlinkage, the rest by 2026 in 3 tranches

Excel provides the perfect opportunity for Greaves to scale up this business while also unlocking synergy benefits, the release said. Mumbai: Greaves Cotton, a leading diversified engineering companies, has signed a binding term sheet to acquire 60% shareholding in Excel Controlinkage Pvt Ltd as the first tranche, from the 4 tranches planned till FY26 to… Continue reading Greaves Cotton acquires 60% stake in Excel Controlinkage, the rest by 2026 in 3 tranches

U.S. and EU to launch first of its kind AI agreement

AI The Tamil Nadu government is all set to give a fresh charge to its electric vehicle (EV) eco-system by updating policy in February. The new policy has taken cues from other top EV hubs such as Maharashtra, Gujarat and Karnataka. This includes demand-side incentives, a wider range of supply side carrots, incentives for charging… Continue reading U.S. and EU to launch first of its kind AI agreement

Apollo Tyres develops concept tyre with 75% sustainable materials

Apollo Tyres has announced development of a concept agricultural tyre which uses 75% sustainable materials. This is aligned with Apollo Tyres’ sustainability roadmap of increasing the usage of sustainable raw material to 40% by 2030. The concept agriculture tyre’s high sustainability comes from nine compounding ingredients in different components. This includes recycled rubber, sustainable carbon… Continue reading Apollo Tyres develops concept tyre with 75% sustainable materials

MRF CMD K M Mammen gets Lifetime Achievement Award from top tyre association

Hisashi Takeuchi, Managing Director and CEO, Maruti Suzuki India, presented the ATMA Lifetime Achievement Award to K M Mammen, Chairman and Managing Director of MRF and Past Chairman, ATMA at the Automotive Tyre Manufacturers’ Association (ATMA) Annual Conclave 2023 in the city, today. ATMA has conferred the Lifetime Achievement Award upon K M Mammen in… Continue reading MRF CMD K M Mammen gets Lifetime Achievement Award from top tyre association

Updated Ola S1, S1 Air priced at Rs 84,999

Ola Electric has announced new additional variants to both the S1 and S1 Air electric scooter range. The Ola S1 sits above the S1 Air in the company’s product pyramid and we shall begin by explaining the new S1 range. New Ola S1 range explainedAt the announcement, Ola Electric’s CEO Bhavish Aggarwal said the company… Continue reading Updated Ola S1, S1 Air priced at Rs 84,999

Updated Ola S1, S1 Air priced at Rs 84,999

Shriram Pistons and Rings acquires 75% in Japanese injection moulding major Takahata Precision

Shriram Pistons and Rings acquires 75% in Japanese injection moulding major Takahata Precision Shriram Pistons and Rings, country’s largest piston manufacturer has announced it will acquire 75% shareholding in Japanese company Takahata Precision India Private Limited (“TPIL”) through its wholly owned subsidiary, SPR Ingenious Limited (“SEL”). This will mark SPRL’s foray into the manufacturing of the precision injection moulded… Continue reading Shriram Pistons and Rings acquires 75% in Japanese injection moulding major Takahata Precision