Ford Motor Co. is set to lose $3 billion on its electric vehicle business this year — but it expects losses to reverse in the coming years as volumes of plug-in vehicles grow. In the meantime, billions of dollars in profits from internal-combustion engine and commercial vehicles are bolstering the Dearborn automaker’s financial results, according… Continue reading Ford reveals EV losses as it rolls out new financial reporting
Category: US Motoring Press
2 employees of Tennessee town near planned Ford EV complex indicted
Memphis, Tenn. — Two employees of a rural Tennessee town that resisted a takeover attempt by the state after Ford Motor Co. announced plans to build an electric truck plant nearby have been charged with the theft of town funds and official misconduct, officials said Wednesday. Reva Marshall, the former finance officer for the town… Continue reading 2 employees of Tennessee town near planned Ford EV complex indicted
Brakes India launches brake pads for luxury car range
TVS Apache, a friction brand of Chennai-based brake component manufacturer Brakes India, has launched platinum brake pads for the luxury car range, catering to both the front and rear requirements of premium vehicles. “We are unveiling Platinum brake pads with advanced friction technology and expanding our range to cater to the premium segment. In the… Continue reading Brakes India launches brake pads for luxury car range
Mercedes Benz India to double its EV portfolio to eight models in 8-12 months
Mercedes Benz India, the country’s largest luxury car maker aims to have a portfolio of eight electric vehicles within a year, as the demand for zero-emission vehicles in India gains momentum. With the sales mark almost breaching the 1000 units market, the maker of EQS is planning to double its portfolio by adding another… Continue reading Mercedes Benz India to double its EV portfolio to eight models in 8-12 months
Mercedes Benz India to double its EV portfolio to eight models in 8-12 months
Mercedes Benz India, the country’s largest luxury car maker aims to have a portfolio of eight electric vehicles within a year, as the demand for zero-emission vehicles in India gains momentum. With the sales mark almost breaching the 1000 units market, the maker of EQS is planning to double its portfolio by adding another… Continue reading Mercedes Benz India to double its EV portfolio to eight models in 8-12 months
Tata Hitachi launches ZX670H mining excavator
Tata Hitachi, the Bengaluru-based construction machinery company, has recently launched the all-new mining excavator ZX670H at the Kharagpur plant. This Made-in-India machine is powered by an environmentally friendly EPA Tier II engine. According to the company, the powerful 295 kW (400 PS) engine is designed to tackle the toughest jobs at any mining site with… Continue reading Tata Hitachi launches ZX670H mining excavator
Tata Motors to cut carbon emissions by 30% by 2030
Tata Motors has set 2045 as the date by which it will be free of carbon emissions and is therefore increasing the skew of its Rs 1500–2000 crore annual investments accordingly. Tata Motors, which plans to reduce its carbon emissions by at least 30% by 2030, anticipates that the adoption of hydrogen, which is considered… Continue reading Tata Motors to cut carbon emissions by 30% by 2030
BYD India delivers over 700 Atto 3 electric SUVs since January
BYD India, which launched its Atto 3 electric SUV at Rs 33.99 lakh in November 2022, has delivered over 700 units across multiple cities in the country. Though the EV brand made its debut in India in November 2021 with the five-seat E6 MPV, its first big salvo is the Atto 3 SUV. The Atto 3 targets premium customers who… Continue reading BYD India delivers over 700 Atto 3 electric SUVs since January
BYD India delivers over 700 Atto 3 electric SUVs since January
BYD India, which launched its Atto 3 electric SUV at Rs 33.99 lakh in November 2022, has delivered over 700 units across multiple cities in the country. Though the EV brand made its debut in India in November 2021 with the five-seat E6 MPV, its first big salvo is the Atto 3 SUV. The Atto 3 targets premium customers who… Continue reading BYD India delivers over 700 Atto 3 electric SUVs since January
In Conversation with Hyundai Motor India’s Tarun Garg
Despite the growing demand for SUVs the world over, sedans still continue to enjoy a sweet spot with car buyers in India where the said body type is often a representation of one’s status symbol, as well as lends a touch of sophistication to their lifestyle. Hyundai Motor India which is a strong player in… Continue reading In Conversation with Hyundai Motor India’s Tarun Garg