Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – President-elect Donald Trump’s victory over Vice President Kamala… Continue reading What Trump’s election to the White House could mean for EVs
Category: US Motoring Press
CNBC Daily Open: Amid focus on elections, don’t neglect market moves
People stand in line at Honolulu Hale to cast their ballot to vote in this year’s general election in Honolulu, Hawaii, on November 5, 2024. Eugene Tanner | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they… Continue reading CNBC Daily Open: Amid focus on elections, don’t neglect market moves
Toyota posts nearly 20% drop in second-quarter operating profit, missing estimates
A Toyota bZ Compact SUV is pictured after a briefing on EV (electric vehicle) battery strategies at the companys showroom in Tokyo on December 14, 2021. Behrouz Mehri | Afp | Getty Images Japanese automaker Toyota Motor on Wednesday reported its first quarterly operating profit drop in about two years, as it strives to navigate… Continue reading Toyota posts nearly 20% drop in second-quarter operating profit, missing estimates
Pricol Q2FY25 net profit up 35.94%, revenue up 15.54%
Automotive technology and precision engineering company Pricol Ltd reported a 35.94% year-on-year increase in consolidated net profit after tax (PAT) at Rs 450.70 million during the second quarter. Pricol’s revenue from operations for the quarter stood at Rs 6,500.78 million, registering an on year growth of 15.54%. The company’s earnings before interest, taxes, depreciation, amortsation… Continue reading Pricol Q2FY25 net profit up 35.94%, revenue up 15.54%
Amara Raja to invest over Rs 1,000 crore for Li-ion cell biz in FY26
Battery major Amara Raja Energy & Mobility Ltd plans to invest over Rs 1,000 crore in its New Energy Business during the financial year 2026, as it continues to prioritize research and development, and manufacturing of lithium-ion (Li-ion) cells. Recognising the growing demand for Li-ion batteries, India’s largest lead acid battery manufacturer is setting up… Continue reading Amara Raja to invest over Rs 1,000 crore for Li-ion cell biz in FY26
Ultraviolette launches the F77 MACH 2 and new innovations at EICMA 2024
Ultraviolette has launched the F77 MACH 2 at the 110th edition of EICMA in Milan, marking a significant milestone in the company’s European expansion. The F77 MACH 2 is priced at 9,990 € and is approved for road use for all motorcycle license holders, including those with A1 and A2 licenses across Europe. In addition… Continue reading Ultraviolette launches the F77 MACH 2 and new innovations at EICMA 2024
Sharad Agarwal appointed Chief Business Officer at Classic Legends
Sharad Agarwal joins Classic Legends as Chief Business Officer, overseeing sales, network expansion, and service, Classic Legends has announced the appointment of Sharad Agarwal as its Chief Business Officer (CBO). With a strong background in scaling businesses, Sharad brings valuable strategic experience to help the company achieve its business objectives. In his new role, Sharad… Continue reading Sharad Agarwal appointed Chief Business Officer at Classic Legends
Ducati unveils the new Panigale V2 and Streetfighter V2 at EICMA 2024
Ducati has introduced new models in its twin-cylinder bike lineup, the Panigale V2 and Streetfighter V2, featuring the latest Ducati V2 engine. These models, unveiled at EICMA, highlight Ducati’s focus on performance, offering a combination of lightness, sporty track capabilities, and road-riding enjoyment. The Panigale V2 marks a significant step forward in Ducati’s sportbike development,… Continue reading Ducati unveils the new Panigale V2 and Streetfighter V2 at EICMA 2024
Tractor retail sales grows 3% in October; Escorts Kubota sees decline
Retail sales of tractors increased by 3% YoY in October 2024 on the back of robust market sentiments, supported by a better monsoon, the festival season, and increase in minimum support price, according to the Federation of Automobile Dealers Associations (FADA). The total retail tractor sales grew to 64,433 units in October 2024 from 62,507… Continue reading Tractor retail sales grows 3% in October; Escorts Kubota sees decline
Marelli joins Nissan Formula E Team as technical partner
Marelli has announced a new role as the technical partner for the Nissan Formula E Team, under an initial two-year agreement. With more than a century of experience as a technology partner in both the automotive and motorsport sectors, Marelli is focused on collaborating with customers and partners to advance mobility. This partnership allows the… Continue reading Marelli joins Nissan Formula E Team as technical partner