US Motoring Press – Page 3174 – I wish I had more to offer

Stellantis to invest $300M in Moroccan plant

Stellantis NV is investing more than $300 million (300 million euro) into its Kenitra plant in Morrocco, to more than double production there and and create nearly 2,000 jobs. The investment is a sign of the transatlantic automaker’s ambitions in the region. It’s looking for places of growth beyond the fairly stable North American and… Continue reading Stellantis to invest $300M in Moroccan plant

Elon Musk sells $3.95 billion worth of Tesla stock

Twitter’s new owner and Tesla CEO Elon Musk has sold nearly $4 billion worth of Tesla shares, according to regulatory filings. Musk, who bought Twitter for $44 billion, sold 19.5 million shares of the electric car company from Nov. 4 to Nov. 8, according to Tuesday’s filings with the Securities and Exchange Commission. He sold… Continue reading Elon Musk sells $3.95 billion worth of Tesla stock

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Tata Motors’ 300,000-strong order book to see demand momentum continuing

Tata Motors, India’s largest automobile company by revenues, is sitting on a record order book of 300,000 vehicles for both Jaguar Land Rover and Tata Motors passenger vehicle (PV) business combined at the end of the September-ending third quarter. This translates into robust Rs 90,000 crore of revenues or $11 billion. With semiconductor supplies improving… Continue reading Tata Motors’ 300,000-strong order book to see demand momentum continuing

Toyota India enters CNG market with Glanza, Urban Cruiser Hyryder

Toyota Kirloskar Motor has announced its entry into India’s CNG (compressed natural gas) passenger vehicle market with two products across different segments. The Glanza hatchback and the Urban Cruiser Hyryder SUV are the first Toyotas in India to get the factory-fitted CNG treatment. The Urban Cruiser Hyryder becomes the first SUV in India to get… Continue reading Toyota India enters CNG market with Glanza, Urban Cruiser Hyryder

New Volvo EX90 brings 360-mile range for £96,255

The interior is finished in Nordico upholstery, a textile made from recycled materials including PET bottles and corks. There’s also four-zone climate control, and a three-year Care Offer package that includes three years of servicing. Owners will be able to use their smartphone as a key for the car, with the firm’s app also designed… Continue reading New Volvo EX90 brings 360-mile range for £96,255

India’s construction equipment industry rocked by illegal exports: Dimitrov Krishnan, MD, Volvo CE (India) and President, ICEMA

India’s construction equipment industry rocked by illegal exports: Dimitrov Krishnan, MD, Volvo CE (India) and President, ICEMA It’s a serious charge that needs attention. About 5-15 percent of the total construction equipment sold in India are now allegedly finding their way into several Middle Eastern and African countries where they are being sold for huge profits,… Continue reading India’s construction equipment industry rocked by illegal exports: Dimitrov Krishnan, MD, Volvo CE (India) and President, ICEMA

India’s construction equipment industry rocked by illegal exports: Dimitrov Krishnan, MD, Volvo CE (India) and President, ICEMA

Quantron to sell last-mile BEVs in Saudi Arabia

Platform provider and sustainable mobility specialist firm Quantron AG has entered into a strategic partnership with Electromin, a turnkey e-mobility solutions company wholly owned by the Petromin Corporation, a leading mobility solutions provider in Saudi Arabia. Electromin is a technology-driven e-mobility solutions provider offering complete turnkey solutions which includes in-depth consultation, ongoing network operation and… Continue reading Quantron to sell last-mile BEVs in Saudi Arabia