Skoda Auto has manufactured 500,000 battery systems at its main plant in Mladá Boleslav. The advanced MEB (Modular Electrification Toolkit) battery systems are important components fitted in MEB vehicles and models with a plug-in hybrid drivetrain across Volkswagen Group brands. Since September 2019, high-voltage traction batteries for models with plug-in hybrid drive have been produced at… Continue reading Skoda produces 500,000 battery systems for VW Group vehicles
Category: US Motoring Press
TVS NTorq crosses 1.45 million sales since launch, records best-ever fiscal sales in FY2023
TVS Motor Co, which sold a total of 12,45,993 scooters in FY2023 and recorded 44% year-on-year growth, also saw its scooter market share expand to 24% from 21% in FY2022. The key drivers of this growth are its flagship Jupiter and the NTorq, which together contribute the bulk of its scooter sales. In FY2023, total… Continue reading TVS NTorq crosses 1.45 million sales since launch, records best-ever fiscal sales in FY2023
Rane Madras sees a turnaround with consolidated PAT of Rs 9.5 crore in Q4FY23
Rane Madras, a manufacturer of steering and suspension products and light metal casting components, has reported consolidated Profit After Tax (PAT) of Rs 9.5 crore, compared with a net loss of Rs 2.5 crore in the year-ago period. The company reported consolidated revenues of Rs 630.1 crore in Q4FY23 compared to Rs 510.3 crore in… Continue reading Rane Madras sees a turnaround with consolidated PAT of Rs 9.5 crore in Q4FY23
GM’s new Hummer Omega Edition designed to be out of this world starting at $140,000
General Motors is offering a limited edition 2024 GMC Hummer electric pickup and SUV — called the Omega Edition — that it says will send demand into orbit. The price tag is certainly out of this world. The Omega Edition pickup starts at $149,995 for a 24-module battery and the SUV, with a 20-module battery, will… Continue reading GM’s new Hummer Omega Edition designed to be out of this world starting at $140,000
Safety advocates push feds, automakers to do more to prevent hot car deaths
In a matter of hours, Laura Beck’s life changed forever. In June, she lost her son and husband in a manner that almost defies understanding. Her son, Anderson, died of heatstroke after being left in a vehicle, and her husband, Aaron, took his own life in response. Aaron didn’t realize until getting a frantic call… Continue reading Safety advocates push feds, automakers to do more to prevent hot car deaths
UAW isn’t ready to endorse Biden for another term yet, UAW president says. Here’s why
The UAW isn’t ready to make an endorsement in the 2024 presidential election in what appears to be an effort to push for commitments from the Biden administration on concerns about electric vehicles and other issues, according to a letter this week from union President Shawn Fain. The letter to members, dated Tuesday, noted that… Continue reading UAW isn’t ready to endorse Biden for another term yet, UAW president says. Here’s why
The UAW has a problem with GM’s new joint venture that the union wants addressed now
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. Subscribe Now Your subscription supports: Exclusive investigative reporting that fights for the truth, exposes corruption and gives voice to the voiceless all across Michigan. Comprehensive coverage of Michigan’s auto industry, including in-depth analysis of Ford, GM, and Stellantis’… Continue reading The UAW has a problem with GM’s new joint venture that the union wants addressed now
Used vehicle prices fell last month for the first time in 2023
A used car dealership is seen in Annapolis, Maryland on May 27, 2021, as many car dealerships across the country are running low on new vehicles as a computer chip shortage has caused production at many vehicle manufactures to nearly stop. Jim Watson | AFP | Getty Images DETROIT – Wholesale used vehicle prices declined… Continue reading Used vehicle prices fell last month for the first time in 2023
Why Porsche is investing $100 million on eFuels to keep its cars on the road
Porsche’s best selling cars today are SUVs, a far cry from what the luxury brand built its reputation on — small, nimble and, above all, unique rear-engine sports cars like the 911. Now the famous German automaker is faced with the challenge of how to maintain a connection to its illustrious heritage, and its distinct… Continue reading Why Porsche is investing $100 million on eFuels to keep its cars on the road
Tesla hikes price of high-end Model S and Model X in China by roughly $2,750
Tesla has enacted a series of price cuts on its cars. But it has recently begun raising the prices again. Chukrut Budrul | Sopa Images | Lightrocket | Getty Images Tesla raised the price of its more expensive Model S and Model X cars in China, its website showed Friday, following other hikes to its… Continue reading Tesla hikes price of high-end Model S and Model X in China by roughly $2,750