TVS Motor is looking to strengthen its electric vehicle portfolio as it gears up to launch multiple products starting this quarter, said a senior company executive. He also highlighted that the company will be launching EVs in different customer segments with a complete portfolio. “We will continue to invest in new products, with many new… Continue reading TVS Motor lines up a slew of EV product launches starting Q2
Category: US Motoring Press
Hyundai and Seoul National University open battery research centre, plan 22 joint projects
Hyundai Motor Group has announced the inauguration of its Joint Battery Research Center with Seoul National University (SNU). This collaborative effort between the Group and SNU aims to advance battery technologies and foster industry-academia cooperation to establish global leadership in the battery field. Speaking in a congratulatory speech at the event, Hong Lim Ryu, President… Continue reading Hyundai and Seoul National University open battery research centre, plan 22 joint projects
Hyundai and Seoul National University open battery research centre, plan 22 joint projects
Hyundai Motor Group has announced the inauguration of its Joint Battery Research Center with Seoul National University (SNU). This collaborative effort between the Group and SNU aims to advance battery technologies and foster industry-academia cooperation to establish global leadership in the battery field. Speaking in a congratulatory speech at the event, Hong Lim Ryu, President… Continue reading Hyundai and Seoul National University open battery research centre, plan 22 joint projects
Stellantis posts strong growth, sets new records in revenues and profit in H1 2023
Stellantis continues to deliver value across multiple dimensions, posting strong growth and setting new records in net revenues, AOI and net profit, while driving a transformative, cost-effective product pivot to electrified and software-defined vehicles across its 14 brands. As per the company, it registered net revenues of 98.4 billion euros, up 12% compared to H1… Continue reading Stellantis posts strong growth, sets new records in revenues and profit in H1 2023
Seven global carmakers join forces for high-powered EV charging network across N America
Seven of the world’s leading automakers – BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group, Stellantis NV – are creating a joint venture to accelerate the transition to electric vehicles in North America, by making EV charging more convenient, accessible and reliable. The joint venture will include the development of a new, high-powered charging… Continue reading Seven global carmakers join forces for high-powered EV charging network across N America
Seven global carmakers join forces for high-powered EV charging network across N America
Seven of the world’s leading automakers – BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group, Stellantis NV – are creating a joint venture to accelerate the transition to electric vehicles in North America, by making EV charging more convenient, accessible and reliable. The joint venture will include the development of a new, high-powered charging… Continue reading Seven global carmakers join forces for high-powered EV charging network across N America
Wall Street hits hold on GM stock amid concerns about EV roll out, UAW talks
Wall Street was not impressed with General Motors even though the automaker posted big gains in second quarter profits, making it one of GM’s strongest quarterly earnings results, and explained that its slow ramp up of electric vehicle production is the fault of an automation equipment supplier. Tuesday morning, GM’s stock price opened at $37.73… Continue reading Wall Street hits hold on GM stock amid concerns about EV roll out, UAW talks
Freighter carrying nearly 3,000 cars catches fire in the North Sea, killing crew member
THE HAGUE, Netherlands — A fire on a freight ship carrying nearly 3,000 cars was burning out of control Wednesday in the North Sea, killing one crew member and injuring others, the Dutch coast guard said. The agency said it was working to save the vessel from sinking close to an important habitat for migratory… Continue reading Freighter carrying nearly 3,000 cars catches fire in the North Sea, killing crew member
Congress urged to help get more self-driving vehicles on US roads
Advocates for auto companies and consumer technology firms on Wednesday urged a congressional subcommittee to adopt legislation to advance the development of self-driving cars, saying the U.S. will fall behind competitors, especially China, if the federal government doesn’t take steps in support of fully autonomous vehicles. John Bozzella, president and CEO of the Alliance for… Continue reading Congress urged to help get more self-driving vehicles on US roads
Stellantis CEO Tavares says he wants to protect profit-sharing checks during UAW talks
Those healthy profit-sharing checks that UAW-represented Stellantis workers received earlier this year loomed large as CEO Carlos Tavares was asked Wednesday about contract talks between the union and automaker. Tavares, addressing reporters and then analysts in separate calls following the release of the company’s latest earnings report where it notched an impressive $12 billion in… Continue reading Stellantis CEO Tavares says he wants to protect profit-sharing checks during UAW talks