watch now Mercedes-AMG Petronas F1 CEO and team principal Toto Wolff is bringing in new team ownership, selling a portion of his holdings to CrowdStrike founder and CEO George Kurtz, the executives told CNBC Thursday. Kurtz’s personal acquisition expands a partnership between the auto racing team and software provider that dates to 2019. It also… Continue reading Mercedes F1 boss Toto Wolff sells a piece of his ownership stake to CrowdStrike CEO George Kurtz
Category: US Motoring Press
Hyundai showcases off-road ambitions with new rugged concept SUV
The Hyundai Crater concept SUV was revealed at the LA Auto Show on Thursday, Nov. 20, 2025. Michael Wayland / CNBC LOS ANGELES — Hyundai Motor has ambitions to increase the rugged, off-road capabilities of its vehicles in the U.S., based on a new “Crater” concept SUV revealed Thursday. The rugged compact vehicle mixes Hyundai… Continue reading Hyundai showcases off-road ambitions with new rugged concept SUV
‘Robotaxi has reached a tipping point’: Baidu, Nvidia leaders see momentum as competition rises
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu BEIJING — Chinese robotaxi companies are expanding abroad at a faster clip than U.S. rivals Waymo and Tesla — at a time when industry leaders say autonomous driving is finally near an inflection point. “I… Continue reading ‘Robotaxi has reached a tipping point’: Baidu, Nvidia leaders see momentum as competition rises
Mahindra Forecasts 1.6X Growth in Light Commercial Vehicles by 2030
Mahindra & Mahindra Ltd. (M&M) is projecting aggressive growth in its light commercial vehicle (LCV) segment under 3.5 tonnes, forecasting a 1.6-times expansion between fiscal years 2025 and 2030, the company said in an investor call on Thursday. The company views this segment—small pickup trucks and cargo carriers—as a key growth engine, calling it an… Continue reading Mahindra Forecasts 1.6X Growth in Light Commercial Vehicles by 2030
QuantumScape Holds Second Annual Battery Symposium in Kyoto
QuantumScape Corporation hosted its second annual Solid-State Battery Symposium in Kyoto, bringing together automotive industry leaders, government representatives, and technology partners to discuss developments in solid-state battery technology. The event featured presentations from senior officials representing Japan’s Ministry of Economy, Trade and Industry, as well as executives from Nissan, Honda R&D, and Murata Manufacturing. The… Continue reading QuantumScape Holds Second Annual Battery Symposium in Kyoto
Toyota Kirloskar Motor Partners with Maharashtra to Strengthen ITI Network
Toyota Kirloskar Motor has formalized a partnership with the Government of Maharashtra to develop a comprehensive skilling ecosystem across Industrial Training Institutes in the state. The initiative represents a strategic alignment between industrial growth and workforce development. The collaboration will unfold through a phased implementation strategy. The first phase, scheduled for 2025-26, will concentrate on… Continue reading Toyota Kirloskar Motor Partners with Maharashtra to Strengthen ITI Network
Mobec Energy Storage Solutions Approved by Major Indian Automakers
Mobec Innovation has secured approval for its energy storage solutions through a partnership with Oil Lube Systems, marking a significant development in India’s electric vehicle infrastructure landscape. The collaboration will serve major automotive manufacturers including the country’s largest passenger vehicle producer and third-largest two-wheeler manufacturer. The partnership focuses on replacing conventional diesel generators with mobile… Continue reading Mobec Energy Storage Solutions Approved by Major Indian Automakers
Mahindra Projects 9% Annual Growth in India Tractor Market to 12.2 Million Units by 2030
Mahindra & Mahindra Ltd expects the Indian tractor industry to accelerate faster than previously anticipated, as the Mumbai-based manufacturer raised its forecast for sector growth to 9% annually through fiscal 2030, up from an earlier estimate of 7%. The upbeat projection, shared by executives during an investor call Thursday, comes as surging crop profitability and… Continue reading Mahindra Projects 9% Annual Growth in India Tractor Market to 12.2 Million Units by 2030
Valeo Maps €700 Million India Opportunity in New 2028 Strategy
Global automotive supplier Valeo has placed India at the centre of its next phase of growth, outlining plans to triple its India revenues to about €700 million by 2028 as part of its newly announced ‘Elevate 2028’ roadmap. The plan, presented at Valeo’s Capital Markets Day in Paris, marks the company’s shift from a technology-led… Continue reading Valeo Maps €700 Million India Opportunity in New 2028 Strategy
JBM Group Forms Joint Venture with Sodecia Automotive for Hot Stamping Facility in Pune
JBM Group, a USD 3.3 billion Indian conglomerate, has announced a strategic joint venture with Portugal-based Sodecia Automotive International SA to establish a hot stamping manufacturing facility in Pune. The foundation stone for the plant was laid by Acharya Devvrat, Governor of Maharashtra and Gujarat, at JBM Group’s Neel Metal Products Ltd. facility in Chakan.… Continue reading JBM Group Forms Joint Venture with Sodecia Automotive for Hot Stamping Facility in Pune