The New York Stock Exchange welcomes Reddit, Inc. (NYSE: RDDT) to celebrate its initial public offering. To honor the occasion, Snoo, rings the Opening Bell®. NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where… Continue reading CNBC Daily Open: Everyone gave Reddit an upvote
Category: US Motoring Press
China’s Xiaomi delivers 20,000 EVs in October, just months after launching its first car
Chinese smartphone company Xiaomi on Tuesday announced a sports car version of its SU7 electric sedan would begin preorders for the equivalent of more than $110,000. Luna Lin | Afp | Getty Images BEIJING — China’s Xiaomi said Tuesday that it had delivered more than 20,000 SU7 EVs in October as it ramps up production… Continue reading China’s Xiaomi delivers 20,000 EVs in October, just months after launching its first car
Its bumper Diwali for carmakers in 2024, amid a slow year
Carmakers’ decision to build up inventory ahead of the festive season is paying off, with passenger vehicle registrations reaching a record 425,000 units as of October 29, according to Vahan data. The record marks a 27% increase from last year’s daily registration rate in October, with the potential to approach 450,000 units by the month’s… Continue reading Its bumper Diwali for carmakers in 2024, amid a slow year
Fuel duty frozen but ICE car buyers face big VED hike
Fuel duty has been frozen for another year, chancellor Rachel Reeves has announced in the Autumn Budget. The current rate of 52.95p per litre will be retained through 2025-2026. Reeves said: “I have concluded that in these difficult circumstances, while the cost of living remains high, and with the backdrop of global uncertainty, increasing fuel duty would… Continue reading Fuel duty frozen but ICE car buyers face big VED hike
Stellantis announces organisational changes under CEO Carlos Tavares
Leading global automaker and provider of innovative mobility solutions Stellantis has announced several leadership changes to drive performance and simplify the organisation. Antonio Filosa who succeeded Carlos Zarlenga has been appointed North America Chief Operating Officer in addition to his role as Jeep® brand CEO, Jean-Philippe Imparato has been appointed Chief Operating Officer Enlarged Europe… Continue reading Stellantis announces organisational changes under CEO Carlos Tavares
Stellantis announces organisational changes under CEO Carlos Tavares
Leading global automaker and provider of innovative mobility solutions Stellantis has announced several leadership changes to drive performance and simplify the organisation. Antonio Filosa who succeeded Carlos Zarlenga has been appointed North America Chief Operating Officer in addition to his role as Jeep® brand CEO, Jean-Philippe Imparato has been appointed Chief Operating Officer Enlarged Europe… Continue reading Stellantis announces organisational changes under CEO Carlos Tavares
Greaves Retail’s ambitious push to rival automotive parts giants, become ‘Grainger of India’
Greaves Retail, a modest but highly profitable arm of the 165-year-old Greaves Cotton, is steadily making its mark in India’s organized automotive and industrial spare parts chain market. Amidst limited competition, the company harbors ambitions to rival global distribution giants such as Grainger Inc., a NYSE-listed parts supply business leader in the U.S, Japan and UK. As a multi-brand,… Continue reading Greaves Retail’s ambitious push to rival automotive parts giants, become ‘Grainger of India’
Festive demand propels electric two-wheeler sales to an all-time high in FY25
Rising consumer preference for green mobility, combined with lower total cost of ownership of electric two-wheelers, is driving the demand for e-2W in the major metro cities as well as tier-2 and tier-3 markets in the country. This has resulted in the electric two-wheeler market reaching its highest ever sales level this fiscal year. India’s… Continue reading Festive demand propels electric two-wheeler sales to an all-time high in FY25
Festive demand propels electric two-wheeler sales to an all-time high in FY25
Rising consumer preference for green mobility, combined with lower total cost of ownership of electric two-wheelers, is driving the demand for e-2W in the major metro cities as well as tier-2 and tier-3 markets in the country. This has resulted in the electric two-wheeler market reaching its highest ever sales level this fiscal year. India’s… Continue reading Festive demand propels electric two-wheeler sales to an all-time high in FY25
Greaves Cotton appoints Ramachandra Puttanna as Business Head – EV Solutions & New Businesses for Greaves Retail division
Greaves Cotton has appointed Ramachandra Puttanna as the new Business Head for EV Solutions and New Businesses within Greaves Retail. He will be responsible for driving the strategic growth plan for Greaves Retail’s electric vehicle (EV) components and new verticals and report to Narasimha Jayakumar, CEO of Greaves Retail. Ramachandra joins Greaves Retail with over… Continue reading Greaves Cotton appoints Ramachandra Puttanna as Business Head – EV Solutions & New Businesses for Greaves Retail division