VE Commercial Vehicles (VECV) has inaugurated a dedicated manufacturing facility for its Eicher Pro X range of small trucks at its Bhopal plant and commenced customer deliveries. The facility, featuring an all-women final assembly line, was inaugurated by Volvo Group CEO Martin Lundstedt and Eicher Motors Chairman Siddhartha Lal on February 13. The first batch… Continue reading VECV Launches New Manufacturing Line for Eicher Pro X Small Trucks in Bhopal
Category: US Motoring Press
‘India Auto Inc is opening up to new tech like giga stampings’: Antonio Lopez, CEO – Asia Division, Gestamp
Where does India stand in Gestamp’s automotive business in Asia? What are the company’s expectations from the Indian market?We have been established in India since 2007 and, throughout all these years, we have been growing our business in the country steadily. The Indian market has been growing at a rapid pace in the recent years, and… Continue reading ‘India Auto Inc is opening up to new tech like giga stampings’: Antonio Lopez, CEO – Asia Division, Gestamp
Kia to show £25k EV2, EV4 and ID Buzz rival on 27 February
Kia will reveal the production versions of the EV4 and PV5 and a concept version of the EV2 later this month. The trio will make their debuts at Kia EV Day, the Korean brand’s annual showcase event that takes place this year on 27 February. Ahead of the event, the three new models have been previewed by images that showcase aesthetics… Continue reading Kia to show £25k EV2, EV4 and ID Buzz rival on 27 February
Trump’s Mexico and Canada tariffs could add nearly $6,000 to the average cost of a car, by one estimate
In an aerial view, Chevrolet cars and trucks are on display at Novato Chevrolet on Jan. 28, 2025 in Novato, California. Justin Sullivan | Getty Images Americans shopping for cars may need to fork over thousands more if President Donald Trump’s proposed tariffs go into effect, according to data from investment bank Benchmark Co. Analyst… Continue reading Trump’s Mexico and Canada tariffs could add nearly $6,000 to the average cost of a car, by one estimate
Lyft shares sink nearly 8% on underwhelming fourth-quarter results
Cheng Xin | Getty Images Lyft shares shed about 7.9% after the ride-sharing app reported lackluster fourth-quarter results and offered weak bookings guidance as it lowers prices to keep up with competition. The company reported revenue of $1.55 billion, versus the $1.56 billion expected by analysts polled by LSEG. Revenue grew 27% from $1.22 billion… Continue reading Lyft shares sink nearly 8% on underwhelming fourth-quarter results
Tesla drops 6% after BYD partners with DeepSeek, Musk adds to DOGE distractions with OpenAI bid
Tesla and SpaceX CEO Elon Musk joins U.S. President Donald Trump during an executive order signing in the Oval Office at the White House on Feb. 11, 2025 in Washington, DC. Andrew Harnik | Getty Images Tesla shares dropped 6% on Tuesday after Chinese rival BYD announced plans to develop autonomous vehicle technology with DeepSeek,… Continue reading Tesla drops 6% after BYD partners with DeepSeek, Musk adds to DOGE distractions with OpenAI bid
Luxury car tax could curb EV growth as four in five cost £40k-plus
Four out of five electric company cars could be hit by an £850 ‘luxury tax’ levy from 1 April, pushing some models out of drivers’ budgets and hindering fleet uptake, leasing firm Alphabet has warned, while stressing that promised reforms are already overdue. Changes to the vehicle excise duty (VED, or ‘road tax’) system were… Continue reading Luxury car tax could curb EV growth as four in five cost £40k-plus
Hyundai to unveil solid-state battery next month
Hyundai will unveil its first solid-state battery next month, promising longer range and faster charging from packs that are sized similarly to today’s offerings. On 9 March, the Korean firm will open its new Uiwang Research Center in Gyeonggi, where the next-generation batteries will be tested on a pilot production line. There Hyundai will show the… Continue reading Hyundai to unveil solid-state battery next month
Private car park rule change to eliminate ‘five-minute fines’
Drivers who park in ANPR camera-controlled private car parks will no longer be penalised for taking too long to pay. Law changes to elimate so-called ‘five-minute fines’ are set to come in from Monday, following a review from the Private Parking Scrutiny and Advice Panel (PPSAP). Previously, drivers who used private parking sites had to pay within… Continue reading Private car park rule change to eliminate ‘five-minute fines’
Future Renault models could swap steering wheels for yokes
Renault is considering offering a steering yoke in future cars – but will pursue the technology only once buyers have sufficient trust in its reliability. The company is using its new one-off Filante streamliner to test the technology, with a two-spoke yoke fitted around a central instrument screen. This controls the wheels through an electronic connection, rather than… Continue reading Future Renault models could swap steering wheels for yokes