Tata Motors Finance has partnered with PASCO to offer a digital credit line for an array of maintenance and servicing needs of Commercial Vehicles. The development was jointly announced by Sanjay Passi, Chairman, PASCO Group, and Samrat Gupta, MD and CEO, Tata Motors Finance. The facility will help fleet owners and commercial vehicle users to… Continue reading Tata Motors Finance partners with PASCO to introduce digital credit facility for commercial vehicle servicing and maintenance
Category: US Motoring Press
GlobalFoundries collaborates with STMicroelectronics for semiconductor manufacturing facility in France
GlobalFoundries, a semiconductor manufacturer, and STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, have announced the conclusion of an agreement to create a new, jointly-operated, high-volume semiconductor manufacturing facility in Crolles, France. Speaking on the collaboration, Thomas Caulfield, President and CEO of GlobalFoundries. “In partnership with STMicroelectronics in Crolles, we are further… Continue reading GlobalFoundries collaborates with STMicroelectronics for semiconductor manufacturing facility in France
FAME subsidy: In third petition, CBITA talks about effectiveness of MHI EV policy and purpose of subsidies
In a third petition, the Centre for Business, Industry and Trade Advocacy has written to the Parliamentary Standing Committee on Industry, saying that the move to cut subsidies serves to feed the fuel-based ICE scooter lobby. The body goes on to add that the fuel-based ICE scooter lobby has constantly complained about the price equivalence… Continue reading FAME subsidy: In third petition, CBITA talks about effectiveness of MHI EV policy and purpose of subsidies
Tata Motors Finance extends Rs 125 crore limit in partnership with CJ Darcl Logistics
Tata Motors Finance has entered into a strategic partnership with CJ Darcl Logistics, to extend the Rs 125 crore limit for various facilities, including vehicle operating lease, invoice financing, and fuel financing. The operating lease facility will enable CJ Darcl Logistics to strengthen its fleet capacity, enabling it to deploy Tata Motors Vehicles under its… Continue reading Tata Motors Finance extends Rs 125 crore limit in partnership with CJ Darcl Logistics
Revfin secures US$ 5 million from DFC
Revfin has secured US$ 5 million from the United States International Development Finance Corporation. The company will use the funds to introduce new products by diversifying into two-wheelers for last-mile deliveries, four-wheelers for mid-mile cargo delivery, and ride-share taxis, as per a company press release. Sameer Aggarwal, the Founder and CEO of the Delhi-based EV… Continue reading Revfin secures US$ 5 million from DFC
Toyota reveals hydrogen-combustion prototype for Le Mans 2026
Toyota will race a hydrogen-engined prototype at the 2026 Le Mans 24 Hours – and it has pledged to continue development of hydrogen-combustion powertrains for road cars as it doubles down on its belief that it is a potential route to zero-emissions mobility. To highlight its decision, the company has unveiled the Toyota GR H2… Continue reading Toyota reveals hydrogen-combustion prototype for Le Mans 2026
Why ‘deproduction’ is the future of automotive salvage
‘Deproduction’ sounds like a mis-spelling in a biology lesson, but it’s what one vehicle salvaging company has started doing in Poole, Dorset. Think of it as car production in reverse. Mounted on wheeled carriers, end-of-life cars travel along steel tracks, pausing at a series of four work stations where technicians dismantle them, placing their components… Continue reading Why ‘deproduction’ is the future of automotive salvage
Munro Mk1 first ride: off-roading in Scotland’s Defender
Should the Mk1 – and Munro, by extension – prove itself, then eventual global expansion is on the cards. Peterson says: “The likes of Gleneagles quite like the look of it, but then equally we get people ringing up from St Lucia that want one, so commercially and product-wise we’re concentrated on the fleet market… Continue reading Munro Mk1 first ride: off-roading in Scotland’s Defender
Toyota to expand EV development capability with new battery lab in the US
Toyota Motor North America has announced that it will invest nearly $50 million to construct a new laboratory facility at its North American R&D headquarters in York Township, Mich. to evaluate batteries for electric and electrified vehicles in North America. As part of its evaluation process, the new Michigan battery lab will ensure that Toyota’s… Continue reading Toyota to expand EV development capability with new battery lab in the US
Toyota to expand EV development capability with new battery lab in the US
Toyota Motor North America has announced that it will invest nearly $50 million to construct a new laboratory facility at its North American R&D headquarters in York Township, Mich. to evaluate batteries for electric and electrified vehicles in North America. As part of its evaluation process, the new Michigan battery lab will ensure that Toyota’s… Continue reading Toyota to expand EV development capability with new battery lab in the US