Ford Motor Co. has tapped a former Apple Inc. executive who was crucial to implementing the technology company’s subscription services model to head up the automaker’s own push to grow its software and services subscriptions. The Dearborn automaker said Monday that Peter Stern, who served as vice president of services at Apple for more than… Continue reading Ford taps former Apple executive who headed up Apple TV+ to lead services business
Category: US Motoring Press
Automakers pursue energy reduction efforts in shift to renewable energy
This content is only available to subscribers. Get unlimited digital access. $1 for the rest of the year. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics… Continue reading Automakers pursue energy reduction efforts in shift to renewable energy
23rd Annual Rockin Rods n’ Rochester
The Detroit News Chuck and Deena Vollman look over a look over a 1949 Studebaker Champion Regal Deluxe, owned by John Scobie at the 23rd Annual Rockin Rods n’ Rochester, with proceeds to benefit the Leader Dogs for the Blind and other Lions Club charities, in Downtown Rochester, Michigan on August 13, 2023. Daniel Mears,… Continue reading 23rd Annual Rockin Rods n’ Rochester
Sunil Kant Munjal exits Hero MotoCorp as Joint MD, as company discloses family agreement
Hero MotoCorp stated in a BSE filing that Sunil Kant Munjal will exit the firm as the Joint Managing Director after disclosing its family settlement agreement from the promoters. “The Management and Control of Listed Entity vested with the Family Group and Mr. Sunil Kant Munjal resigned as Joint Managing Director in the listed entity,”… Continue reading Sunil Kant Munjal exits Hero MotoCorp as Joint MD, as company discloses family agreement
Toyota Kirloskar FY23 profits jump 2.7X to a record Rs 1404 crore
Having delivered its best-ever sales performance in a decade, Toyota Kirloskar, the Indian subsidiary of the world’s largest car maker Toyota Motor Corporation has posted its best operating performance with the highest ever profits and revenues in the country in FY23, twenty-five years since its inception. Toyota Kirloskar Motor recorded a profit of Rs 1404… Continue reading Toyota Kirloskar FY23 profits jump 2.7X to a record Rs 1404 crore
Ford hires former Apple executive Peter Stern to head software services group
Ford today named Apple veteran Peter Stern to lead the newly formed Ford Integrated Services, which will create and market valuable software-enabled customer experiences across Ford Blue, Model e and Ford Pro. Stern served as vice president of Services at Apple for more than six years through January 2023 and was a driving force behind… Continue reading Ford hires former Apple executive Peter Stern to head software services group
Ashok Leyland to invest Rs 300 crore in EV arm OHM, transfer existing e-MaaS contracts
Ashok Leyland, the Indian flagship of the Hinduja Group, today announced that its Board has approved the acquisition of 100% of Ohm Global Mobility Private Ltd (OHM) from OHM International Mobility Ltd for a nominal consideration of Rs 1 lakh. As the company is yet to become operational the consideration was nominal. With this move,… Continue reading Ashok Leyland to invest Rs 300 crore in EV arm OHM, transfer existing e-MaaS contracts
Amara Raja Batteries report 45.55% jump in net profit in 1QFY24
Amara Raja Batteries, one of India’s leading industrial and automotive battery majors, reported a 45.55% increase in consolidated profit after tax at Rs 192.14 crore in the first quarter ended June 30, 2023. The company had posted a consolidated profit after tax of Rs 132.01 crore in the same quarter last fiscal. Consolidated revenue from operations… Continue reading Amara Raja Batteries report 45.55% jump in net profit in 1QFY24
Maharashtra government keen to clear path for Hyundai’s Rs 5,000 crore investment in GM’s Talegaon plant
The Maharashtra State Government has pledged its full support to Hyundai Motor India’s plans for a Rs 5000 crore investment commitment to the state over the next five years, even as it attempts to resolve the grievances of almost 1000 protesting workers. The Maharashtra government’s two key ministers, Labour Minister Suresh Khade and Industries Minister… Continue reading Maharashtra government keen to clear path for Hyundai’s Rs 5,000 crore investment in GM’s Talegaon plant
Maharashtra Govt looks to iron out the GM Union’s labour issues to seal Hyundai’s Rs 5000 crore investment in the Talegon facility
The Maharashtra State Government has pledged its full support to Hyundai Motor India’s plans for a Rs 5000 crore investment commitment to the state over the next five years, even as it attempts to resolve the grievances of almost 1000 protesting workers. The Maharashtra government’s two key ministers, Labour Minister Suresh Khade and Industries Minister… Continue reading Maharashtra Govt looks to iron out the GM Union’s labour issues to seal Hyundai’s Rs 5000 crore investment in the Talegon facility