Category: US Motoring Press

Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio

A view of the Jeep Plant where United Auto Workers members are picketing on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty Images DETROIT — Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio. The company, which has been… Continue reading Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio

Foreign automaker stocks slide on Trump tariff fears

Republican presidential nominee and former U.S. President Donald Trump speaks during a campaign town hall meeting, moderated by Arkansas Governor Sarah Huckabee Sanders, in Flint, Michigan, U.S., September 17, 2024.  Brian Snyder | Reuters DETROIT — Stock prices of foreign automakers, including Chinese and German manufacturers, fell sharply on Wednesday amid concerns the U.S. will… Continue reading Foreign automaker stocks slide on Trump tariff fears

What Trump’s election to the White House could mean for EVs

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

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