India’s Sona Comstar has signed a technology licensing agreement with Equipmake, the UK-based technology company that has developed high-performance electric powertrains. Equipmake’s patented technology offers high power density and efficiency with high performance, and as per the company, is “ideal for electric cars, buses, and commercial vehicles”. Under the agreement, Equipmake will license certain patented spoke… Continue reading Sona Comstar to make electric powertrains for cars, buses and CVs in India, key South Asian markets
Category: US Motoring Press
Power-to-heat tech at BMW’s Dingolfing plant slashes 300 tonnes of CO2 a year
For the first time, chassis and drive component production in Plant 02.10 at the BMW Group site in Dingolfing is operating an electrically heated ring hearth furnace. Compared with its conventional gas-powered equivalent, the latest electric furnace currently saves some 300 tonnes of CO2 a year. “The new furnace has a planned service life of over… Continue reading Power-to-heat tech at BMW’s Dingolfing plant slashes 300 tonnes of CO2 a year
Power-to-heat tech at BMW’s Dingolfing plant slashes 300 tonnes of CO2 a year
For the first time, chassis and drive component production in Plant 02.10 at the BMW Group site in Dingolfing is operating an electrically heated ring hearth furnace. Compared with its conventional gas-powered equivalent, the latest electric furnace currently saves some 300 tonnes of CO2 a year. “The new furnace has a planned service life of over… Continue reading Power-to-heat tech at BMW’s Dingolfing plant slashes 300 tonnes of CO2 a year
Mahindra XUV300 sells over 200,000 units since launch
The Mahindra XUV300 has driven past the 200,000-unit sales milestone in the India market. Launched on Valentine’s Day in 2019, it is estimated that Mahindra & Mahindra’s compact SUV has sold a total of 199,363 units till end-April 2023. The remaining 637 units needed to clock 200,000 units would have come in the first week… Continue reading Mahindra XUV300 sells over 200,000 units since launch
Suzuki Motor Corp optimistic India will outperform despite slowing global sales in FY2024
Suzuki Motor Corporation (SMC) expects India to continue to outpace the global markets in FY2023 – which is fiscal year 2023-24 (in India) – and help offset the slowdown in some of its key geographies around the world. Announcing its FY2023 earnings in Japan on Monday, the small car specialist has issued a guidance for… Continue reading Suzuki Motor Corp optimistic India will outperform despite slowing global sales in FY2024
Petrol drops below 145p per litre amid fuel price discrepancy
The price of petrol has dropped to 145p per litre for the first time in 18 months – but the RAC, which has praised the news, claims it should be 3p lower. One litre of unleaded costs 144.95p as of 14 May, which stands as the fuel’s lowest price since 3 November 2021, when the average price was… Continue reading Petrol drops below 145p per litre amid fuel price discrepancy
Stellantis, Canadian government in dispute over battery plant commitments
Unifor, the union representing Canadian autoworkers, is pressing for swift government action after Jeep- and Chrysler-parent Stellantis said it had halted construction at an electric vehicle battery plant in Windsor over a dispute related to subsidies for the almost $4 billion project. Unifor National President Lana Payne painted the situation in stark terms in a… Continue reading Stellantis, Canadian government in dispute over battery plant commitments
Cramer says Club portfolio is positioned to buy market dips. Here’s where investors can look
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Be ready to buy Wall Street was mixed to flat in late-morning trading Monday. President Joe Biden seems optimistic about a debt ceiling deal. He called congressional leaders back… Continue reading Cramer says Club portfolio is positioned to buy market dips. Here’s where investors can look
Elon Musk still needs ‘Twitter sitter,’ judges rule
SpaceX owner and Tesla CEO Elon Musk at the E3 gaming convention in Los Angeles, California, June 13, 2019. Mike Blake | Reuters Tesla CEO Elon Musk lost an appeal to unwind parts of a consent decree that he and the automaker struck with the Securities and Exchange Commission to settle civil securities fraud charges… Continue reading Elon Musk still needs ‘Twitter sitter,’ judges rule
Americans are keeping their cars longer amid sky-high prices, rising interest rates
Cars, trucks, SUVs, and other vehicles drive in traffic on the 405 freeway through the Sepulveda Pass in Los Angeles, California, on August 25, 2022. Patrick T. Fallon | AFP | Getty Images DETROIT — The average age of passenger vehicles on U.S. roadways climbed to a record this year, as car owners hold on… Continue reading Americans are keeping their cars longer amid sky-high prices, rising interest rates