US Motoring Press – Page 2648 – I wish I had more to offer

Volkswagen posts drop in quarterly profit, says it must speed up to catch Chinese EV market rivals

First-quarter sales revenue rose by 22% to 76 billion euros, Volkswagen said, primarily driven by a recovery in sales volumes in Europe and North America. Bloomberg | Bloomberg | Getty Images German giant Volkswagen on Thursday reported a drop in first-quarter profit, saying weaker sales in China reaffirms the need for the carmaker to close… Continue reading Volkswagen posts drop in quarterly profit, says it must speed up to catch Chinese EV market rivals

Auto giants are setting their sights on a new growth market for EVs: India

The NH48 highway in India. The country’s electric car sector is small compared to other major economies like China and the U.S. Sw Photography | Digitalvision | Getty Images With a huge population, military and economy, India is viewed by many as country whose influence could grow significantly as the 21st century progresses. When it… Continue reading Auto giants are setting their sights on a new growth market for EVs: India

Waymo robotaxis make more inroads in Phoenix, San Francisco

Self-driving car pioneer Waymo announced Thursday that its robotaxis will be able to carry passengers through most of the Phoenix area for the first time. The company’s cars will also start to pick up more volunteers for testing the autonomous vehicles traversing the more challenging conditions in San Francisco. The expansion marks the next leg… Continue reading Waymo robotaxis make more inroads in Phoenix, San Francisco

BMW: Don’t drive older models with Takata air bag inflators

Detroit – BMW is warning the owners of about 90,000 older vehicles in the U.S. not to drive them due to an increasing threat that the air bags might explode in a crash. The warning covers vehicles from the 2000 through 2006 model years that previously had been recalled to replace faulty and dangerous air… Continue reading BMW: Don’t drive older models with Takata air bag inflators

Payne: Remixed Chevy Trax thinx outside the breadbox

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 Payne: Remixed Chevy Trax thinx outside the breadbox

Automakers move cautiously even after robust Q1 results

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 Automakers move cautiously even after robust Q1 results

Thompson: UAW creates blueprint for accountability

Sundram Fasteners’ consolidated revenue touches Rs 5,000 crore

netSundram Fasteners (SFL) has reported a standalone net profit of Rs 116.41 crore during the quarter ended March 31, 2023 as against net profit of Rs 71.41 crore during the same period in the previous year, posting an increase of 63.20 per cent. The company achieved the twin milestones of crossing consolidated revenues of Rs… Continue reading Sundram Fasteners’ consolidated revenue touches Rs 5,000 crore

CEAT reports net profit of Rs 132 crore in Q4

Tyre maker CEAT, a part of the RPG Group, reported a net profit of Rs 132 crore in the fourth quarter, aided by higher revenue and lower raw material cost. The company’s consolidated net revenue from operations stood at Rs 2,874.8 crore in Q4FY23 versus Rs 2,592 crore in the corresponding period last year. The… Continue reading CEAT reports net profit of Rs 132 crore in Q4

Volkswagen previews new Golf R 333 Limited Edition

Volkswagen has previewed a new special edition of the Golf R, which will be fully revealed on 31 May. Through the R-devoted YouTube channel, the German firm has revealed the name of the hot hatch: the Volkswagen Golf R 333 Limited Edition. It has also given drivers a hint of what to expect, revealing an Akrapovic exhaust, a… Continue reading Volkswagen previews new Golf R 333 Limited Edition