Action Construction Equipment Ltd. (ACE), the Faridabad-headquartered construction and material handling equipment manufacturer, is charting a focused and multi-pronged roadmap to double its revenues to Rs 6,000–6,300 crore by financial year 2030, a senior official told Autocar Professional. At the core of its strategy is a deliberate pivot to derisk its heavy dependence on the… Continue reading ACE Construction Eyes Doubling Revenues by FY30 with Diversified Play Across Infra, Agri, Exports and Defence
Category: US Motoring Press
Stellantis Says Profit Plunged as Tariffs Began to Bite
The company, which owns Jeep, Peugeot, Fiat and other brands, said it might soon have to begin raising prices. Go to Source
Chinese Car Giants Rush Into Brazil With Dreams of Dominating a Continent
As the likes of Ford and Mercedes retreat, Great Wall Motor and BYD are building factories and bringing affordable EVs and hybrids to one of the world’s biggest markets. Go to Source
The Secretive Mechanic Who Keeps the Rare McLaren F1 on the Road
The company made only 106 of these supercars, and service can take weeks. Go to Source
U.S. Proposes Steep Tariffs on Critical E.V. Battery Material
The Commerce Department plans to impose a 93.5 percent levy on Chinese graphite, an essential ingredient in the batteries that power electric vehicles. Go to Source
Jeep maker Stellantis warns of a shock $2.7 billion loss as tariffs bite
New Ram vehicles sit on a Dodge Chrysler-Jeep Ram dealership’s lot in Miami, Florida. Joe Raedle | Getty Images Auto giant Stellantis expects a net loss of 2.3 billion euros ($2.68 billion) in the first half of the year amid pre-tax net charges and early effects of U.S. tariffs, the company said Monday in its… Continue reading Jeep maker Stellantis warns of a shock $2.7 billion loss as tariffs bite
Chinese companies are waging fierce price wars — but the consumer isn’t always the winner
A store in a shopping mall in Beijing on Aug. 7, 2024. Pedro Pardo | Afp | Getty Images Fierce price wars in China are hitting industries from cars to food deliveries to solar panels, squeezing profits and worsening the country’s deflationary slide. Though consumers may be lured by ultra-cheap deals, the trade-offs for them… Continue reading Chinese companies are waging fierce price wars — but the consumer isn’t always the winner
Mercedes-Benz A-Class to remain on sale until 2028
The future of the B-Class remains uncertain, but Autocar understands Mercedes will stick to its original plan and cease production of the BMW 2 Series Active Tourer rival at the end of 2025. The extension of the A-Class hatchback’s model cycle coincides with a broader reshuffle of Mercedes’ compact car line-up. Following the launch of the… Continue reading Mercedes-Benz A-Class to remain on sale until 2028
New discount makes GWM Ora 03 one of UK’s cheapest EVs
The GWM Ora 03 has become one of the UK’s cheapest electric cars at £21,245, after the Chinese brand cut the model’s price by £3750 to match the UK government’s new Electric Car Grant. The ECG, announced last week, will discount new EVs (priced below £37,000) by either £3750 or £1500. These bandings will, however,… Continue reading New discount makes GWM Ora 03 one of UK’s cheapest EVs
Isuzu D-Max EV brings 163-mile range for £59,995
The new Isuzu D-Max EV will be priced from £59,995 (excluding VAT) when it arrives in UK showrooms next February. The Japanese brand’s first EV – and one of the UK’s first electric pick-up trucks – swaps the existing D-Max’s diesel engine for a pair of electric motors. One is mounted on each axle, giving… Continue reading Isuzu D-Max EV brings 163-mile range for £59,995