Employees of the State Archaeological Office have hung pictures of finds from a construction trailer during a main archaeological investigation on the Northvolt site. Picture Alliance | Picture Alliance | Getty Images Sweden’s Northvolt on Wednesday said the head of its main plant, Europe’s first homegrown gigafactory for lithium-ion battery cells, will step down with… Continue reading Swedish battery maker Northvolt says head of Europe’s first homegrown gigafactory to step down
Category: US Motoring Press
Here’s what investors need to know after GM’s capital markets day
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT — Wall Street reacted to General Motors’ investor day on Tuesday with a shrug. Executives used the Detroit automaker’s event to focus on broad, near-term updates to the company’s operations in… Continue reading Here’s what investors need to know after GM’s capital markets day
Sweden’s Volvo says deputy CEO to step down in management reshuffle as EV demand slows
The Volvo Cars Hill Country dealership on in Austin, Texas. Brandon Bell | Getty Images News | Getty Images Swedish automaker Volvo Cars on Wednesday announced deputy CEO Björn Annwall will step down from his current role as part of a management reshuffle designed to increase simplicity and collaboration in the organization. It comes shortly… Continue reading Sweden’s Volvo says deputy CEO to step down in management reshuffle as EV demand slows
CNBC Daily Open: Stocks’ choppiness in October can be an opportunity
A view from the Alaska Bootanical Park, fall, Halloween and harvest season themed version of the Alaska Botanical Park with special displays, inside the Far North Bicentennial Park, Alaska, United States on September 22, 2024. Hasan Akbas | Anadolu | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC… Continue reading CNBC Daily Open: Stocks’ choppiness in October can be an opportunity
Brazil lifts ban on X after Elon Musk complies with court orders
The Federal Supreme Court (STF) in Brazil suspends Elon Musk’s social network after it fails to comply with orders from Minister Alexandre de Moraes to block accounts of those being investigated by the Brazilian justice system. Cris Faga | Nurphoto | Getty Images Elon Musk’s X is getting back up and running in Brazil after… Continue reading Brazil lifts ban on X after Elon Musk complies with court orders
MHI seeks comments from ARAI on Ola Electric’s consumer issues
Following the Central Consumer Protection Authority’s show cause notice to Ola Electric for violation of consumer rights, misleading advertisement and unfair trade practices, the Ministry of Heavy Industries has sought comments from the Automotive Research Association of India (ARAI) on the issue, according to sources familiar with the matter. The ministry has stepped in, as… Continue reading MHI seeks comments from ARAI on Ola Electric’s consumer issues
MHI seeks comments from ARAI on Ola Electric’s consumer issues
Following the Central Consumer Protection Authority’s show cause notice to Ola Electric for violation of consumer rights, misleading advertisement and unfair trade practices, the Ministry of Heavy Industries has sought comments from the Automotive Research Association of India (ARAI) on the issue, according to sources familiar with the matter. The ministry has stepped in, as… Continue reading MHI seeks comments from ARAI on Ola Electric’s consumer issues
Mercedes to keep investing in separate ICE and EV platforms
Mercedes-Benz is prepared to invest in and develop different architectures for combustion and electric models for as long as there is demand for both, CEO Ola Källenius has confirmed. Speaking to Autocar, Källenius said that Mercedes must offer models “without compromise” on equipment levels, space, technology or performance – and the only way to do this is to… Continue reading Mercedes to keep investing in separate ICE and EV platforms
New Volkswagen Tayron is seven-seat Tiguan with diesel options
Volkswagen has unveiled the new Tayron as the replacement for the Tiguan Allspace, with extra practicality and more on-board technologies. It’s effectively a new-generation Tiguan that has been stretched by 231mm, bringing the option of a third row of seats and an extra 198 litres of boot space. The Tayron will be offered with four engines: a… Continue reading New Volkswagen Tayron is seven-seat Tiguan with diesel options
JLR encourages further talks in plea to avoid EU-China tariff war
JLR has called for “continued dialogue between the European Union and China” after the UK carmaker was dragged into the tariff war with the threat of increased duties on its EU-built Land Rover Defender sold in China. Chinese officials said this week the government was investigating raising tariffs on large combustion-engined cars imported from the… Continue reading JLR encourages further talks in plea to avoid EU-China tariff war