This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. 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 from… Continue reading Why the Detroit automakers are losing ground in the world’s largest auto market
Category: US Motoring Press
Ford plans to lay off 1,300 workers in China, local media reporting
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. 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 from… Continue reading Ford plans to lay off 1,300 workers in China, local media reporting
Elon Musk must still have his tweets approved by Tesla lawyer, federal appeals court rules
New York — Elon Musk cannot back out of a settlement with securities regulators that was reached after his 2018 tweets claiming he had secured funding to take Tesla private caused the electric vehicle maker’s share price to jump and led to a temporary halt in trading, an appeals court ruled Monday. The summary order… Continue reading Elon Musk must still have his tweets approved by Tesla lawyer, federal appeals court rules
Here’s how to keep your car on the road longer to avoid costly payments
Detroit – With the average new-vehicle price in the U.S. at nearly $48,000 and the cost of a used automobile averaging almost $29,000, many people are getting repairs done and keeping their vehicles longer. That’s boosted the average age of a vehicle on U.S. roads to a record 12.5 years this year, according to state… Continue reading Here’s how to keep your car on the road longer to avoid costly payments
Korea’s battery makers embrace LFP cells as China strides ahead
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. 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 from… Continue reading Korea’s battery makers embrace LFP cells as China strides ahead
LANXESS reports sales at Euro 1.899 billion in 1Q23
The specialty chemicals company LANXESS has achieved its forecast earnings for the first quarter of 2023: EBITDA pre exceptionals came to Euro 189 million, within the range of Euro 180 million to Euro 220 million forecast in March. Compared with the previous year’s figure of 262 million euros, earnings thus declined by 27.9 percent. Sales remained almost stable. They amounted to… Continue reading LANXESS reports sales at Euro 1.899 billion in 1Q23
SIAM supports zero duty on certain British car imports in trade deal: Report
Indian carmakers have agreed to eliminate import tax on a limited number of vehicles in a trade deal with Britain “if the need arises”, newswire Reuters reported. India at the moment imposes taxes to the tune of 70 percent and 100 percent on the import of cars, which will be whittled down over a period… Continue reading SIAM supports zero duty on certain British car imports in trade deal: Report
Council compensation could have repaired 340,000 potholes
An additional 340,000 potholes could have been repaired using compensation payments made by local authorities in England and Wales, the Annual Local Authority Road Maintenance survey has revealed. In the past year, £93.7 million has been spent by authorities fixing more than 1.4 million potholes across the UK, with the average cost standing at £66.93. Over… Continue reading Council compensation could have repaired 340,000 potholes
Tube Investments Q4 net profit up 74% at Rs 312 crore
The company posted Rs 220.72 crore in the same period a year ago. Tube Investments is engaged in the business of manufacturing precision steel tubes, steel strips, car door frames, automotive and industrial chains, and bicycles. Murugappa Group’s engineering firm Tube Investments of India (TII) on Monday reported a 74.4 percent jump year-on-year (YoY) in… Continue reading Tube Investments Q4 net profit up 74% at Rs 312 crore
Ashok Leyland CIO foresees AI tools like GPT revolutionising the auto sector
Ashok Leyland’s Chief Information Officer, Vinod G, believes that the latest artificial intelligence (AI) technologies such as generative pre trained transformers (GPT), have the potential to fundamentally transform the automotive sector. This will have an impact on every facet of the company’s operations, including production, sales, finances, the management of human resources, and safety, among… Continue reading Ashok Leyland CIO foresees AI tools like GPT revolutionising the auto sector