A week after it launched brake pads for electric passenger vehicles, TVS Group company Brakes India has introduced Platinum brake pads for the luxury cars in the Indian market. Launched by TVS Apache, Brakes India’s friction brand, they are equipped with a unique abrasive film for higher performance and for both front and rear fitment.… Continue reading Brakes India launches brake pads for luxury cars
Category: US Motoring Press
Lidar maker Ouster dips as quarterly losses widen, but CEO sees savings in Velodyne merger
The New York Stock Exchange welcomes Ouster Inc. (NYSE: OUST), today, Friday, March 12, 2021, in celebration of its Initial Listing. To honor the occasion, Ouster CEO Angus Pacala, joined by Chris Taylor, Vice President, NYSE Listings and Services, rings The Opening Bell®. NYSE Lidar maker Ouster said on Thursday that it remains on track… Continue reading Lidar maker Ouster dips as quarterly losses widen, but CEO sees savings in Velodyne merger
Apple, Ford and Estee Lauder are in the news Thursday. Here are our takes
Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023. Rebecca Cook | Reuters Go to Source
How Ford plans to turn a profit on EVs in under four years
John Lawler, Chief Financial Officer of Ford, rings the opening bell at the New York Stock Exchange (NYSE), March 23, 2023. Brendan McDermid | Reuters Ford Motor disclosed Thursday that its electric vehicle unit, called Ford Model e, lost $2.1 billion in 2022 — and could lose as much as $3 billion in 2023. But… Continue reading How Ford plans to turn a profit on EVs in under four years
Ford’s EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units
The badge of a Ford Motor Co. E-Transit electric vehicle during a presentation in Washington, D.C., U.S., on Wednesday, July 28, 2021. Al Drago | Bloomberg | Getty Images Ford Motor said Thursday its electric vehicle business lost $2.1 billion last year on an operating basis, a loss that was more than offset by $10… Continue reading Ford’s EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units
Cruise robotaxis blocked a road in San Francisco after a storm downed trees and wires
General Motors‘ self-driving vehicle unit Cruise acknowledged that some of its cars stalled out on city streets in San Francisco following rainstorms that downed trees there on Tuesday night. A witness to the Cruise robotaxi failures, John-Phillip Bettencourt, shared photos of the stalled vehicles on Twitter. He told CNBC that around 1:45 p.m. on March… Continue reading Cruise robotaxis blocked a road in San Francisco after a storm downed trees and wires
Chevy Camaro RIP, but a successor may be in the works
And then there was one. Detroit’s muscle car lineup shrank to the Ford Mustang on Wednesday as Chevrolet announced the end of Camaro production after the 2024 model year. The Camaro’s demise follows the discontinuation of Dodge’s popular Challenger coupe at the end of this year. V8-powered cars like the Camaro are under intense regulatory… Continue reading Chevy Camaro RIP, but a successor may be in the works
Payne: Affordable Hornet GT brings Dodge sting to compact SUVs
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Park outside: Hyundai, Kia recall vehicles due to fire risk
Detroit – Hyundai and Kia are telling the owners of more than 571,000 SUVs and minivans in the U.S. to park them outdoors because the tow hitch harnesses can catch fire while they are parked or being driven. The affiliated Korean automakers are recalling the vehicles and warning people to park them away from structures… Continue reading Park outside: Hyundai, Kia recall vehicles due to fire risk
Ford reveals EV losses as it rolls out new financial reporting
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