In a bid to achieve its aspirational goal of ‘Vision 2025’, auto component major Samvardhana Motherson (SAMIL) has signed seven acquisition deals since April 2023, which are expected to add Rs 12,000 crore to its revenue by the financial year (FY) 2024–25, senior company executives said. The company’s revenues increased 23 percent to Rs 78,701… Continue reading M&A driven deals to add Rs 12,000 crore to Motherson Sumi’s biz, topline may cross Rs 1 lakh crore by FY25
Category: US Motoring Press
Fiat 500e Gelateria is tiny electric ice cream van
The Fiat 500 has been transformed into “the world’s smallest, zero-emission gelateria” in response to toughening emissions restrictions placed on diesel-burning ice cream vans in cites. It has been developed in response to clean air zones being introduced in and around most UK cities, 14 of which are set to be operational by the end of next… Continue reading Fiat 500e Gelateria is tiny electric ice cream van
Assam and Tripura rank in the top three states in terms of EV penetration
As the shift towards electric vehicles gains momentum in India, the North Eastern states of Assam and Tripura have seen the second and third-highest penetration rates in the country for zero-emission vehicles after the national capital New Delhi. As against the national average of 0.8 percent EV penetration, Assam and Tripura have a penetration rate… Continue reading Assam and Tripura rank in the top three states in terms of EV penetration
UAW members practice picketing near Detroit Stellantis plant
As UAW members marched on Detroit’s east side Wednesday under an overcast sky following earlier rains, their chants and signs echoed many of the same themes that union leadership has been preaching for months: “Equal work for equal pay. All the tiers must go away.” “Record profits. Record contracts.” It was a stream of members… Continue reading UAW members practice picketing near Detroit Stellantis plant
GM announces closure of Arizona IT Innovation Center, resulting in 940 job cuts
General Motors is cutting 940 salaried jobs as it closes its Arizona IT Innovation Center at the end of October. The news comes almost a week after the automaker said it gave notice to about 200 engineers elsewhere that their positions were being eliminated. On Wednesday, GM notified the 1,029 nonunion employees at the Arizona… Continue reading GM announces closure of Arizona IT Innovation Center, resulting in 940 job cuts
Top thinker, author Malcolm Gladwell to speak at Detroit Auto Show’s Mobility Global Forum
Malcolm Gladwell, global thinker and author, has been announced as the featured speaker at the North American International Detroit Auto Show’s Mobility Global Forum. Gladwell, who is set to speak at the forum Sept. 14, is the author of six New York Times bestsellers. He is one of Foreign Policy’s Top Global Thinkers, along with… Continue reading Top thinker, author Malcolm Gladwell to speak at Detroit Auto Show’s Mobility Global Forum
Can the UAW afford to strike all three Detroit automakers?
In 1998, about 9,200 union members at two General Motors components’ plants in Flint went on strike. Flint Metal Center made sheet metal stampings used on most of GM’s vehicles; Flint East made the electronics. The strike at those two important plants forced production to stop at nearly 30 other GM assembly plants and 100… Continue reading Can the UAW afford to strike all three Detroit automakers?
Truck purchases are driving up the average cost of car payments. Some buyers pay over $1,000 a month
A 2024 Chevrolet Silverado EV RST all-electric pickup truck on display at the International Auto Show at the Jacob Javits Convention Center in New York on April 13, 2022. China News Service | China News Service | Getty Images Car shoppers are paying more than ever to finance new vehicles — and pickup trucks are… Continue reading Truck purchases are driving up the average cost of car payments. Some buyers pay over $1,000 a month
Malaysia eyes more investments to enlarge EV footprint after landmark Tesla deal
watch now Malaysia has set its sights on a larger part of the electric vehicle supply chain business as competition in Southeast Asia heats up, following Tesla‘s announcement of a regional headquarters in Malaysia. “EV happens to be our priority,” Malaysia’s Prime Minister Anwar Ibrahim told CNBC’s Martin Soong in an exclusive interview Friday at the prime… Continue reading Malaysia eyes more investments to enlarge EV footprint after landmark Tesla deal
UAW president threatens strike if automakers don’t get it together
Detroit — Dozens of United Auto Workers and supportive community members marched outside a Jeep Grand Cherokee plant here in a practice picket that will be a similar scene to Sept. 15 if the Detroit Three automakers don’t cooperate, the union’s president said on Wednesday. “We’ve got 22 days until the deadline,” UAW President Shawn… Continue reading UAW president threatens strike if automakers don’t get it together