Tata Motors-owned Jaguar Land Rover aims to cross Rs 3 lakh crore or £30 billion in turnover by FY26 in the next three years. The luxury carmaker is eyeing a 30% growth in revenues as part of its mid-term ‘Reimagine Strategy’. The new plan which is focussed on revenue and value over volumes at JLR,… Continue reading JLR targets Rs 3 lakh crore in turnover by FY26 and 10% EBIT margin
Category: US Motoring Press
GM to invest $632 million in next-gen pickup production in Indiana
In its fourth investment announcement this month, General Motors said Monday it will spend $632 million on Fort Wayne Assembly to upgrade the plant to build future gasoline-powered full-size light-duty pickups. GM builds the Chevrolet Silverado and GMC Sierra light-duty pickups at Fort Wayne. The trucks are big sellers that deliver fat profits, which are… Continue reading GM to invest $632 million in next-gen pickup production in Indiana
GM to invest $632 million to produce next-generation pickups in Indiana
Trucks come off the assembly line at GM’s Chevrolet Silverado and GMC Sierra pickup truck plant in Fort Wayne, Indiana, July 25, 2018. John Gress | Reuters DETROIT – General Motors announced plans Monday to invest $632 million for production of its next-generation full-size pickup trucks at a plant in Indiana. The investment is the… Continue reading GM to invest $632 million to produce next-generation pickups in Indiana
Nio cuts prices for its cars — and delays business expansion plans
Nio co-founder William Li poses inside a Nio EC7 at the Shanghai auto show on April 19, 2023. Hector Retamal | Afp | Getty Images BEIJING — Chinese electric car brand Nio said Monday it is cutting prices for its cars by the equivalent of $4,200 effective immediately, and ending free battery swaps for new… Continue reading Nio cuts prices for its cars — and delays business expansion plans
Tesla chargers win more backers as its plug becomes American standard
Tesla’s charging technology won more backers as a handful of players in the electric-vehicle power industry said they would offer compatible equipment, further solidifying the automaker’s system as the U.S. standard. ChargePoint, Blink Charging and Wallbox each said Monday they will have chargers capable of working with Tesla Inc.’s North American Charging Standard, which is… Continue reading Tesla chargers win more backers as its plug becomes American standard
EVs are offering foreign automakers a second chance in India
This content is only available to subscribers. Get unlimited digital access. $1 a week for the first 52 weeks. 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… Continue reading EVs are offering foreign automakers a second chance in India
GM to invest $632 million at its Fort Wayne, Indiana, truck plant
General Motors Co. plans to invest $632 million at its Fort Wayne Assembly Plant for production of the next-generation internal combustion engine light-duty trucks, the company said Monday. The Fort Wayne announcement comes after GM made investments at its heavy-duty truck plant in Flint, the full-size SUV plant in Arlington, Texas, and another truck plant… Continue reading GM to invest $632 million at its Fort Wayne, Indiana, truck plant
JLR targets Rs 3 lakh in turnover by FY26 and 10% EBIT margin
Tata Motors owned Jaguar Land Rover aims to cross Rs 3 lakh crore or £30 billion in turnover by FY26 in the next three years eyeing a 30% growth in revenues – as part of its mid-term ‘Reimagine Strategy’. The new plan which is focused on revenue and value over volumes at JLR, the company… Continue reading JLR targets Rs 3 lakh in turnover by FY26 and 10% EBIT margin
New Toyota C-HR to be unveiled 26 June
Toyota has given us our first official teaser of the new Toyota C-HR, with the popular crossover apparently retaining the angular and eye-catching design of the original model. We’ve already got a good idea as to how the second-generation C-HR will look, thanks to a series of spy imagery but also the C-HR Prologue model… Continue reading New Toyota C-HR to be unveiled 26 June
Hilo One smart e-scooter launches with AI tech
A new e-scooter has been launched by former Aston Martin and Nissan boss Andy Palmer. The Hilo One has been partly developed by Lotus Engineering and features AI technology to alert the rider and pedestrians to potential dangers. The Hilo One’s unique scooter design features a 12.5-inch front wheel that is said to aid stability… Continue reading Hilo One smart e-scooter launches with AI tech