Mikael Sjoberg | Bloomberg | Getty Images Sweden-based automaker Volvo Cars on Tuesday announced cost-cutting plans of 18 billion Swedish kronor ($1.87 billion) and withdrew financial guidance as its operating profit fell sharply in the first three months of the year. Volvo Cars, which is owned by China’s Geely Holding, reported first-quarter operating profit of… Continue reading Volvo Cars shares plunge on earnings fall, withdrawn guidance and major cost-cutting drive
Category: US Motoring Press
General Motors beats Wall Street estimates, reassesses full-year guidance amid auto tariffs
DETROIT — General Motors beat Wall Street’s first-quarter expectations but is reassessing its 2025 financial guidance and suspending any additional stock buybacks amid expected cost increases and industry uncertainty regarding Donald Trump‘s ongoing auto tariffs. Here’s how the company performed in the first quarter, compared with average estimates compiled by LSEG: Earnings per share: $2.78… Continue reading General Motors beats Wall Street estimates, reassesses full-year guidance amid auto tariffs
CEAT Q4 FY25: Revenue Surges 14.3% to ₹3,420.6 Crore, Profit Dips 3.5% YoY
CEAT Limited, a leading tyre manufacturer under the RPG Group, reported a consolidated revenue from operations of ₹3,420.6 crore in Q4FY25, marking a 14.3% year-on-year (YoY) increase from ₹2,991.9 crore in Q4 FY24. On a quarter-on-quarter (QoQ) basis, revenue grew by 3.7% from ₹3,299.9 crore in Q3 FY25. This growth was fueled by healthy volume… Continue reading CEAT Q4 FY25: Revenue Surges 14.3% to ₹3,420.6 Crore, Profit Dips 3.5% YoY
Isuzu unveils D-Max EV at 2025 Commercial Vehicle Show
Isuzu has taken the covers off the new Isuzu D-Max EV today at the 2025 Commercial Vehicle Show (CV Show), at the NEC Birmingham, marking a historic moment as the first-ever fully electric, fully capable commercial pick-up truck enters the European automotive market. This is the production version, whose production has begun in Thailand. Earlier… Continue reading Isuzu unveils D-Max EV at 2025 Commercial Vehicle Show
CIE Automotive India Revenue, Profit Decline in Q4
CIE Automotive India Limited (formerly known as Mahindra CIE Automotive Limited) reported consolidated revenue from operations of ₹2,272.63 crores for Q4FY25, representing a 6.3% decline compared to ₹2,426.80 crores in Q4FY24. Despite the revenue dip, the company managed to contain the impact on profitability. The company’s profit after tax stood at ₹206.40 crores in Q4,… Continue reading CIE Automotive India Revenue, Profit Decline in Q4
Daewoo Eyes 20% Lubricant Exports From India
South Korean steel-making brand Daewoo is planning to make India a lubricant export hub by expanding on the manufacturing capacity in the country. The company is eyeing for 20% exports by financial year 2028, a senior official told Autocar Professional. In a strategic partnership with India’s petrochemical major Mangali Industries Ltd (MIL), the company will… Continue reading Daewoo Eyes 20% Lubricant Exports From India
Daewoo Eyes 20% Lubricant Exports From India
South Korean steel-making brand Daewoo is planning to make India a lubricant export hub by expanding on the manufacturing capacity in the country. The company is eyeing for 20% exports by financial year 2028, a senior official told Autocar Professional. In a strategic partnership with India’s petrochemical major Mangali Industries Ltd (MIL), the company will… Continue reading Daewoo Eyes 20% Lubricant Exports From India
Praj Industries and Thyssenkrupp Uhde Partner for Polylactic Acid Production
Praj Industries Limited (PIL) and Thyssenkrupp Uhde’s polymer specialists, Uhde Inventa-Fischer (UIF), have announced a strategic partnership to provide an integrated technology for the production of Polylactic Acid (PLA). The partnership combines PIL’s expertise in industrial biotechnology with UIF’s chemical engineering capabilities to ensure efficient, cost-effective, and sustainable PLA manufacturing. The collaboration addresses the environmental… Continue reading Praj Industries and Thyssenkrupp Uhde Partner for Polylactic Acid Production
Tata Elxsi Receives iF Design Award for Gaming and Sports Technology Solutions
Tata Elxsi has been recognized with the iF Design Award 2025 for VelocityOne Race, a racing simulation system developed for Turtle Beach Corporation, and GameSense, a digital sports companion platform created for broadcasters and operators. The awards were presented in the Product – Gaming Hardware/VR/AR and User Experience (UX) categories, respectively. The iF Design Award,… Continue reading Tata Elxsi Receives iF Design Award for Gaming and Sports Technology Solutions
Endurance Technologies Invests Rs. 473 Million in Lithium-Ion Battery Pack Manufacturing Facility
Endurance Technologies Limited has announced plans to establish a new manufacturing facility for Lithium-Ion Battery packs with a capital expenditure of approximately Rs. 473 million. The announcement was made through a regulatory filing to the BSE and National Stock Exchange of India. The new greenfield project will be located in Mindewadi, Taluka Maval, District Pune,… Continue reading Endurance Technologies Invests Rs. 473 Million in Lithium-Ion Battery Pack Manufacturing Facility