A sign on the exterior of the China Evergrande New Energy Vehicle Group Ltd. research headquarters in Shanghai, China, on Friday, Sept. 24, 2021. Bloomberg | Bloomberg | Getty Images Shares of the electric vehicle manufacturing arm of property developer China Evergrande plunged 23% on Monday after the unit revealed its vice chairman had been… Continue reading Shares of China Evergrande EV unit plunge 23% after executive director is detained
Category: US Motoring Press
New Volkswagen Golf at CES with big cabin improvements
But perhaps the most obvious and useful of all the changes to the new Golf’s cabin is that the touch-sensitive slider bars for the climate control now light up, meaning they can be operated much more easily and safely when driving at night. Revisions to the hatchback’s exterior are less obvious, with the camouflage still… Continue reading New Volkswagen Golf at CES with big cabin improvements
BMW to add games, live TV and augmented-reality glasses to cars
BMW drivers will be able to play multiplayer video games through integrated controllers and watch both live and on-demand television in their cars in the future. The two new features were among a raft of innovations revealed at the Consumer Electronics Show (CES) in Las Vegas that are set to be used on the German firm’s future production… Continue reading BMW to add games, live TV and augmented-reality glasses to cars
Bajaj Auto approves Rs 4,000 crore share buyback at Rs 10,000 apiece
Bajaj Auto on 8 January approved a Rs 4,000 crore share buyback at Rs 10,000 apiece. “We wish to inform that the Board of Directors of the Company at its meeting held today, i.e., Monday, 08 January 2024, has approved the proposal for buy-back of up to 4,000,000 fully paid-up Equity Shares of face value… Continue reading Bajaj Auto approves Rs 4,000 crore share buyback at Rs 10,000 apiece
Saint-Gobain India signs MoU to invest Rs 3,400 crore in Tamil Nadu
Saint-Gobain India signed an MoU with the Tamil Nadu Government for investment to the tune of Rs 3,400 crore in the state. The MoU entails a series of green and brownfield investments in several manufacturing sectors in Tamil Nadu, taking Saint-Gobain India’s total investment in Tamil Nadu to over Rs 8,000 crore. Saint-Gobain India was… Continue reading Saint-Gobain India signs MoU to invest Rs 3,400 crore in Tamil Nadu
TAFE signs MoU with Tamil Nadu Government for Rs 500 crore
Tractors and Farm Equipment Limited (TAFE), signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu at the Tamil Nadu Global Investors Meet 2024. Tractors and Farm Equipment Limited proposes to expand its Farm Equipment Division to produce an advanced range of farm equipment for a wide variety of crops ideally suited for… Continue reading TAFE signs MoU with Tamil Nadu Government for Rs 500 crore
JLR Q3 wholesales up 27% at 101,043 units
JLR, a wholly-owned subsidiary of Tata Motors today reported increased sales volumes for the third quarter of FY24 (three-month period to 31 December 2023), reflecting improvements in supply as more vehicles were delivered to clients. Wholesale volumes in the period were 101,043 units (excluding the Chery Jaguar Land Rover China JV), up 27% compared to… Continue reading JLR Q3 wholesales up 27% at 101,043 units
TAFE to set up design and development centre in Tamil Nadu
Tractors and Farm Equipment Ltd (TAFE) has signed an MoU with the government of Tamil Nadu at the Tamil Nadu Global Investors Meet 2024 today. TAFE plans to expand its Farm Equipment Division to produce an advanced range of farm equipment for a wide variety of crops ideally suited for both Indian and international markets.… Continue reading TAFE to set up design and development centre in Tamil Nadu
Continental advances sustainable operations
Continental, through its group sector ContiTech, is making significant strides toward sustainable operations with the installation of a new photovoltaic (PV) system at its Timișoara production facility in Romania. This move is in line with Continental’s broader sustainability ambition, aiming to transform its production facilities into sustainable factories. The newly installed PV system in Timișoara… Continue reading Continental advances sustainable operations
Track day event reveals true colours of Continental CrossContact H/T SUV tyres
Premium German tyre maker Continental Tyres organised a day long Track Day event at the Wabco India Proving Ground in Tiruvallur, Tamil Nadu in the first week of January. The event was curated to test the recently launched Continental CrossContact H/T (Highway Terrain) range of tyres for SUVs. The cars offered for the day were… Continue reading Track day event reveals true colours of Continental CrossContact H/T SUV tyres