Category: US Motoring Press

South Indian Bank inks MoU with Maruti Suzuki for Dealer and Retail Car financing

South Indian Bank inks MoU with Maruti Suzuki for Dealer and Retail Car financing South Indian Bank has announced the signing of an MoU with Maruti Suzuk India (MSIL) for dealer and retail car financing to help dealer partners streamline vehicle inventory funding and offer comprehensive retail financing solutions to the customers of Maruti Suzuki. Murali… Continue reading South Indian Bank inks MoU with Maruti Suzuki for Dealer and Retail Car financing

Castrol India reports flat net profit as high forex and volatility in crude prices keeps company on toes

Castrol India reports flat net profit as high forex and volatility in crude prices keeps company on toes Castrol India reported a net profit of Rs 193 crore for Q4 CY22, a slight jump of 2.12 percent over the previous year’s net profit of Rs 189 crore. The company follows a calendar year basis (January… Continue reading Castrol India reports flat net profit as high forex and volatility in crude prices keeps company on toes

Shell introduces Helix HX8 0W20 engine oil for turbo-GDI engines

Shell Lubricants has rolled out its latest engine oil specifically designed for BS VI turbocharged gasoline direct injection (TGDI) engines which are increasingly becoming commonplace in modern-day cars owing to the stringent emission regulations.  The new Shell Helix HX8 SP OW20 engine oil is the latest addition in the company’s passenger vehicle lubricant portfolio and comes as a… Continue reading Shell introduces Helix HX8 0W20 engine oil for turbo-GDI engines

Ford reveals key details of 950-acre battery plant deal in Marshall

In announcing its official battery plant plans for Marshall, Ford Motor Co. touted its status Monday as the first automaker to commit to building both nickel cobalt manganese and lithium iron phosphate batteries in the U.S. as the 120-year-old automaker transitions from gasoline-powered vehicles to electric. This $3.5 billion project in Michigan for lithium iron… Continue reading Ford reveals key details of 950-acre battery plant deal in Marshall

GM tops the winners of the Super Bowl ads among automakers

The tens of millions of dollars that General Motors and Stellantis spent to advertise during Sunday night’s big game got attention from car shoppers, according to online car shopping resource Edmunds.com. The vehicles and brands featured by GM and Stellantis saw spikes in consumer traffic to Edmunds’ website following the splashy ads during the game.… Continue reading GM tops the winners of the Super Bowl ads among automakers

Magna to add jobs at Michigan plant after winning GM Silverado EV business

Giant auto supplier Magna International won the contract to supply battery enclosures on the 2024 Chevrolet Silverado electric pickup, work that is expected to create hundreds of new jobs in Michigan. On Monday, Magna announced it will produce the enclosures at its Magna Electric Vehicle Structures facility in St. Clair, where it already makes the battery… Continue reading Magna to add jobs at Michigan plant after winning GM Silverado EV business

Ford to move forward with $3.5 billion EV battery plant with Chinese company

watch now DETROIT – Ford Motor said Monday it will collaborate with a Chinese supplier on a new $3.5 billion battery plant for electric vehicles in Michigan, despite tensions between the U.S. and China. The anticipated announcement of the deal between Ford and Contemporary Amperex Technology Co., or CATL, follows Virginia Gov. Glenn Youngkin saying… Continue reading Ford to move forward with $3.5 billion EV battery plant with Chinese company

Lidar makers Ouster and Velodyne complete their merger, creating a sector powerhouse

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 makers Ouster and Velodyne said on Monday that they have… Continue reading Lidar makers Ouster and Velodyne complete their merger, creating a sector powerhouse

Chinese EV brand Zeekr is now worth more than Xpeng

Pictured here is a Zeekr electric vehicle charging station in Dongguan, Guangdong province of China, on Nov. 14, 2022. Vcg | Visual China Group | Getty Images BEIJING — Geely-backed electric car brand Zeekr said Monday it’s now valued at $13 billion after a $750 million raise from Chinese battery giant CATL and others. Zeekr… Continue reading Chinese EV brand Zeekr is now worth more than Xpeng