Ford Motor said the costs come from its decision to make fewer electric vehicles than it had planned and more hybrids that use both gasoline engines and batteries. Go to Source
Category: US Motoring Press
Tesla stock closes at 2025 high after Musk confirms driverless Robotaxi tests underway in Austin
A vehicle Tesla is using for robotaxi testing purposes on Oltorf Street in Austin, Texas, US, on Sunday, June 22, 2025. The launch of Tesla Inc.’s driverless taxi service Sunday is set to begin modestly, with a handful of vehicles in limited areas of the city. Photographer: Tim Goessman/Bloomberg via Getty Images Tim Goessman |… Continue reading Tesla stock closes at 2025 high after Musk confirms driverless Robotaxi tests underway in Austin
Ford to record $19.5 billion in special charges related to EV pullback
watch now DETROIT — Ford Motor expects to record about $19.5 billion in special items related to a restructuring of its business priorities and a pullback in its all-electric vehicle investments, the company announced Monday. The Detroit automaker said most of those charges will occur during the fourth quarter. That will be followed by $5.5… Continue reading Ford to record $19.5 billion in special charges related to EV pullback
Motovolt Opens First Dealership in Bihar
Electric two-wheeler solutions provider Motovolt Mobility has opened its first exclusive dealership in Bihar, marking a significant step in the company’s expansion across India’s eastern markets. The new dealership, operated by Prism Motocorp, is located at Prism Complex in Chitkohra, Patna. The 1,800 square foot facility will display Motovolt’s complete product lineup, including the KIVO… Continue reading Motovolt Opens First Dealership in Bihar
Video: Inside JSW MG’s Playbook for Profitable EVs in India
Anurag Mehrotra discusses cost reduction, manufacturing scale, localization strategies, and the shifting economics that will determine which automakers lead India’s electric vehicle transition. In this in-depth conversation with Anurag Mehrotra, Managing Director, JSW MG Motor India, we unpack what it will take to make electric vehicles profitable and scalable in the Indian market. Mehrotra explains… Continue reading Video: Inside JSW MG’s Playbook for Profitable EVs in India
Pankaj Gupta Resigns as Sterling Tools CFO
Sterling Tools Limited has announced the resignation of its Chief Financial Officer, Pankaj Gupta, who will step down from his position effective December 31, 2025. The company informed stock exchanges BSE and NSE through regulatory filings that Gupta submitted his resignation to pursue other professional opportunities aligned with his long-term career goals. He confirmed there… Continue reading Pankaj Gupta Resigns as Sterling Tools CFO
Dylect Launches Flow Prime Pressure Washer at ₹5,499
Dylect, an Indian lifestyle tech brand, has launched Flow Prime, a pressure washer priced at ₹5,499, available on its website and Amazon. The product targets household and small business cleaning needs with an 1800W copper-winding motor that delivers 130 Bar pressure and a 6.5L/min flow rate. The pressure washer works with tap or bucket water… Continue reading Dylect Launches Flow Prime Pressure Washer at ₹5,499
India’s EV Sales Projected to Reach 22 Million Units by 2035: KPMG
India’s electric vehicle sales are projected to reach 22 million units by 2035, with penetration crossing 50 per cent across most vehicle segments, according to a report by KPMG Assurance and Consulting Services LLP titled “Securing the Supply Chain: Preparing for the Electric Vehicle Raw Material Challenge.” The report analyzes the critical mineral supply chain… Continue reading India’s EV Sales Projected to Reach 22 Million Units by 2035: KPMG
India’s EV Sales Projected to Reach 22 Million Units by 2035: KPMG
India’s electric vehicle sales are projected to reach 22 million units by 2035, with penetration crossing 50 per cent across most vehicle segments, according to a report by KPMG Assurance and Consulting Services LLP titled “Securing the Supply Chain: Preparing for the Electric Vehicle Raw Material Challenge.” The report analyzes the critical mineral supply chain… Continue reading India’s EV Sales Projected to Reach 22 Million Units by 2035: KPMG
Volvo Car India to Plant 20,000+ Trees in Aravalli Range
Volvo Car India announced an expansion of its Reverse Project with a plantation initiative at Matri Van along the Gurugram-Faridabad Highway. Under its CSR initiative for FY25-26, the company will support the plantation of 20,000+ native trees over 20 acres of Aravalli land as part of the Community Barren Land Transformation Project, led by SankalpTaru… Continue reading Volvo Car India to Plant 20,000+ Trees in Aravalli Range