Mahindra & Mahindra has a ‘problem’ of plenty on its hands – over 143,000 cumulative bookings as of July 1, 2022 for five of its utility vehicles – the XUV700, XUV300, Thar and the Bolero. And bookings for the recently launched Scorpio N will open on July 30. M&M, which is among the carmakers which have… Continue reading Mahindra’s ‘problem’ of plenty: 143,000 open bookings for 4 SUVs and counting
Category: Automotive
@niche: INEOS Styrolution Canada provides funds to Access Open Minds002003
INEOS Styrolution Canada Ltd., provides donation to fund the construction of innovative, mental health and wellness facility for community youth INEOS Styrolution Canada donated $16,000 in support of the Canadian Mental Health Association Lambton Kent’s, new ACCESS Open Minds, Youth Wellness Hubs Ontario site, scheduled to open in Sarnia-Lambton in the fall of 2022. The… Continue reading @niche: INEOS Styrolution Canada provides funds to Access Open Minds002003
Survey: Companies Should Rethink Business Travel Programs
Most travel managers said their company’s employees frequently use rental cars (82%) and rideshare apps (70%) on work trips, according to the study. Photo: Canva With corporate travel and in-person meetings increasingly returning, businesses need to be thoughtful about how they’re implementing – or re-implementing – their travel programs, especially when it comes to their… Continue reading Survey: Companies Should Rethink Business Travel Programs
Carwiz Expands Across Poland
Carwiz reports seeing a 700% year-over-year increase in rentals as the industry continues its recovery post-covid. Pictured is Robert Mucha, CEO of Carwiz Poland (middle) with two staff members. Photo: Carwiz Carwiz continues expanding its footprint, announcing it has doubled the number of offices in Poland. Between December 2021 and June 2022, Carwiz Poland opened four new… Continue reading Carwiz Expands Across Poland
How Mercedes-Benz CEO Ola Källenius is refocusing for an electric future – The Verge
Mercedes-Benz CEO Ola Källenius became CEO in 2019 but has been working for Mercedes since 1993 in almost every part of the company. During that period, Mercedes spent time getting a lot bigger; the company famously merged with Chrysler for a time, forming a giant called DaimlerChrysler. But, over the past few years, it’s actually… Continue reading How Mercedes-Benz CEO Ola Källenius is refocusing for an electric future – The Verge
Mercedes-Benz rules out possibility of Chinese shareholders blocking minority, report says – Automotive News Europe
BERLIN — Mercedes-Benz CEO Ola Kallenius ruled out the possibility that two major Chinese shareholders could increase their stakes and create a blocking minority in the automaker. BAIC Group is the largest individual shareholder in Mercedes with 9.98 percent of voting rights. Geely Chairman Eric Li holds an equity interest of 9.69 percent, and the… Continue reading Mercedes-Benz rules out possibility of Chinese shareholders blocking minority, report says – Automotive News Europe
Elon Musk pulls out of $44 billion Twitter deal
Musk had threatened to halt the deal unless the company showed proof that spam and bot accounts were fewer than 5% of users who see advertising on the social media service. Elon Musk, the chief executive officer of Tesla and the world’s richest person, said on Friday he was terminating his $44 billion deal to… Continue reading Elon Musk pulls out of $44 billion Twitter deal
Tata Motors Group global wholesales up 48% to 3.16 lakh units in Q1 FY23
Global wholesales of all passenger vehicles in Q1 FY23 were at 2,12,914 units, higher by 32% compared to Q1 FY22. New Delhi: Tata Motors Group on Friday said its global wholesales in Q1 FY23, including Jaguar Land Rover, were at 3,16,443 units, up 48%, compared to Q1 FY22when it had dispatched 2,14,250 units to dealers.… Continue reading Tata Motors Group global wholesales up 48% to 3.16 lakh units in Q1 FY23
Tata Group wholesales up 48 percent
The Tata Group has released its global wholesales for the first quarter of FY23, including Jaguar Land Rover. The total numbers were at 3,16,443 units, higher by 48 percent as compared to the year-earlier quarter. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q1 FY23 were at 1,03,529 units, higher… Continue reading Tata Group wholesales up 48 percent
Bharat Alt Fuel to invest Rs 250 crore
The company has signed an MoU with the Tamil Nadu government. Chennai-headquartered EV startup Bharat Alt Fuel (BAF) announced an investment of Rs 250 crore for setting up a greenfield facility in Krishnagiri, Tamil Nadu to manufacture Electric Vehicles (EVs), batteries and motors. This integrated facility will be built over 40,000 sq metres and commence… Continue reading Bharat Alt Fuel to invest Rs 250 crore