Action Construction Equipment (ACE) has posted impressive second-quarter results for FY25, marking its best-ever July-September quarter performance. The construction equipment manufacturer reported a 14.5% year-over-year increase in revenue, accompanied by significant margin expansion. The company’s operational revenue climbed to Rs. 754.34 crores, showing a robust growth of 12.2% compared to the same period last year.… Continue reading ACE reports strong Q2 with 14.5% revenue growth, margin expansion
Category: US Motoring Press
Slow auto sales to hit growth, see pickup from next year, says Tata Autocomp
Tata Autocomp Systems, India’s leading auto component manufacturer, expects revenue growth to moderate to 10-12% in the current financial year due to a decline in auto sales, but expects demand to bounce back from the next year, according to Chairman Arvind Goel. Over the past five years, the company’s consolidated growth rate has ranged between… Continue reading Slow auto sales to hit growth, see pickup from next year, says Tata Autocomp
When multi-million pound classics get mistaken for kit cars
In a car park sits the oldest Porsche in the UK, just the 32nd ever made, worth the best part of £2.7 million. It’s a creamy yellow 356, from 1950, back when Porsches were still made in Gmünd, Austria. It has a brilliantly detailed history, has never been restored, would make a terrific bookend to… Continue reading When multi-million pound classics get mistaken for kit cars
Range Rover, Qashqai, Mini… The motoring greats Britain builds
It’s all bad news these days, isn’t it? Or it certainly feels like it if you dare to pay attention to global politics. Step away from the doom-mongering, though and you’ll find good news aplenty when it comes to UK automotive manufacturing. And much of that hinges on the eclectic crew of cars assembled here. These… Continue reading Range Rover, Qashqai, Mini… The motoring greats Britain builds
China premium car market under stress, JLR to keep close watch
Tata Motors Ltd, which owns Jaguar Land Rover, on Wednesday said China’s luxury car market is experiencing stress amid challenges related to the availability of finance to dealers. “On the Jaguar Land Rover Side, from a demand perspective, the market that we will watch like a hawk, is China where there is stress. Some of… Continue reading China premium car market under stress, JLR to keep close watch
Land Rover’s theft problems subside as stolen car numbers hit three-year low
JLR’s concerted response to its models being targeted by car crime gangs has seen thefts drop to their lowest level in more than three years, according to the firm’s Chief Executive Adrian Mardell. “August 2024 saw the lowest amount of thefts since May 2021,” he said. ”But we will keep working intensively to counter the… Continue reading Land Rover’s theft problems subside as stolen car numbers hit three-year low
Reveal of Jaguar’s ‘Reimagined’ future set for 2 December
Jaguar has confirmed the first step to its new luxury electric future will be taken on 2 December with the unveiling of a concept car at Miami Fashion Week in America. The complete overhaul has seen the brand recently end UK sales of its entire new-car offering for around 18 months before the arrival of… Continue reading Reveal of Jaguar’s ‘Reimagined’ future set for 2 December
Toyota says California-led EV mandates are ‘impossible’ as states fall short of goal
A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images DETROIT — Toyota Motor sounded the alarm Friday that California-led electric vehicle mandates that are set to start next year are “impossible” to meet and, if they’re not changed,… Continue reading Toyota says California-led EV mandates are ‘impossible’ as states fall short of goal
Nissan shares plunge over 10% after downbeat quarterly results, production-cut plans
The Nissan ARIYA on the EV test track at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC Shares of Japanese automaker Nissan tumbled as much as 10.12%, a day after the company posted downbeat quarterly results and said it would reduce global production capacity by 20%. Shares of the… Continue reading Nissan shares plunge over 10% after downbeat quarterly results, production-cut plans
Lotus cuts another 200 jobs citing lack of market demand
Lotus has confirmed a new wave of redundancies, with up to 200 jobs expected to be impacted. The move follows significant job cuts in July 2023 and January this year. The Norfolk-based sports car manufacturer says it is still focused on delivering customer cars and “fulfilling our order book”. In a statement made to Auto Express,… Continue reading Lotus cuts another 200 jobs citing lack of market demand