A Ford Mustang Mach-E GT compact sports utility vehicle during the 2022 New York International Auto Show in New York on April 14, 2022. Michael Nagle | Bloomberg | Getty Images DETROIT — Ford Motor is rethinking its electric vehicle strategies, including “reassessing” the need for in-house production of batteries, CEO Jim Farley said Tuesday.… Continue reading Ford is reassessing its EV plans, including vertical battery integration
Category: US Motoring Press
Swati Khandelwal to join M&M as Senior VP and Head – Group Corporate Communications
She has over two decades of media experience, having worked at various channels such as CNBC-TV18, Bloomberg TV and Zee Business. Swati Khandelwal will join Mahindra & Mahindra as Senior VP and Head – Group Corporate Communications, from 9 February. She has over two decades of media experience, having worked at various channels such as CNBC-TV18, Bloomberg TV… Continue reading Swati Khandelwal to join M&M as Senior VP and Head – Group Corporate Communications
Kinetic eyes South East Asia entry for Luna by December 2024, aims to double group turnover to Rs 2000 crore
With the booming e-commerce market and the growing need for gig workers for last mile delivery in the emerging markets, Kinetic Green is looking at a global play with its upcoming Luna in an electric avatar. The Pune-based company which introduced the E-Luna today, at Rs 69,990, is optimistic on the upside volumes of its EV business,… Continue reading Kinetic eyes South East Asia entry for Luna by December 2024, aims to double group turnover to Rs 2000 crore
Kinetic eyes South East Asia entry for Luna by December 2024, aims to double group turnover to Rs 2000 crore
With the booming e-commerce market and the growing need for gig workers for last mile delivery in the emerging markets, Kinetic Green is looking at a global play with its upcoming Luna in an electric avatar. The Pune-based company which introduced the E-Luna today, at Rs 69,990, is optimistic on the upside volumes of its EV business,… Continue reading Kinetic eyes South East Asia entry for Luna by December 2024, aims to double group turnover to Rs 2000 crore
VW Group calls for EV incentives to accelerate UK demand
The boss of the UK’s most popular car maker has called for incentives for private buyers of electric cars to help stimulate demand. Alex Smith, MD of Volkswagen Group UK, said that incentives were “eminently sensible” to help “signal that this is the direction of travel” towards EVs as the UK car market readies to be solely… Continue reading VW Group calls for EV incentives to accelerate UK demand
Aston Martin seeks replacement for CEO Amedeo Felisa
Aston Martin is reportedly searching for a new CEO to replace Amedeo Felisa, who is approaching his 78th birthday. A new report from Bloomberg alleges that Aston Martin chairman Lawrence Stroll has been contacting bosses of other luxury brands, both past and present, as he hunts for someone to lead the next stage of the… Continue reading Aston Martin seeks replacement for CEO Amedeo Felisa
Tata Motors likely to offer standard six airbags in next-gen Tiago, Tigor
Homegrown automaker Tata Motors, which has registered remarkable growth in the last few years to emerge as India’s No. 3 carmaker, led by a range of products that score high in terms of value, as well as safety and crash protection, is aiming to up the safety ante in its future products. The company, which… Continue reading Tata Motors likely to offer standard six airbags in next-gen Tiago, Tigor
Ashok Leyland dodges export slump, CEO credits Middle East & Africa push
Commercial vehicle giant Ashok Leyland bucked the industry trend of slumping exports, maintaining volumes over the past two years, said MD & CEO Shenu Agarwal. The key, according to Agarwal, was a strategic shift in focus towards new markets in the Middle East and Africa. Speaking on the sidelines of the Bharat Mobility show in… Continue reading Ashok Leyland dodges export slump, CEO credits Middle East & Africa push
Varroc Engineering wins Rs 6,757 crore worth new orders in the first nine months of FY24
Varroc Engineering, a leading supplier to the auto industry, reported a new lifetime order win worth Rs 67.57 billion (approximately Rs 6757 crore) during the first nine months of FY24. Tarang Jain, CMD of Varroc Engineering, stated in a press statement that these orders will enable the company to increase its revenue better than the… Continue reading Varroc Engineering wins Rs 6,757 crore worth new orders in the first nine months of FY24
Apollo Tyres reports 78% jump in net profit to Rs 497 crore in Q3FY24
Apollo Tyres’s net profit for Q3 FY24 jumped by 78% to Rs 497 crore, as against Rs 279 crore in the same period last fiscal. The operating revenue, however, was up by 3% to close at Rs 6595 crore, as against Rs 6423 crore in Q3 FY23, the company reported in a regulatory filing. Onkar Kanwar,… Continue reading Apollo Tyres reports 78% jump in net profit to Rs 497 crore in Q3FY24