Fourth Quarter 2024 Highlights Sales increased 2% to $10.6 billion, in-line with global light vehicle production Diluted earnings per share of $0.71 and Adjusted diluted earnings per share of $1.69, compared to $0.94 and $1.33, respectively Generated $1.9 billion in cash from operating activities Returned $335 million to shareholders through dividends and share repurchases Raised… Continue reading Magna Announces Fourth Quarter 2024 Results and 2025 Outlook
Tag: JLR
Peugeot 5008, e-5008 now available with five seats for bigger boot
Peugeot has launched five-seat versions of its 5008 and e-5008, trading the third row of seats for one of the biggest boots offered in the segment. The SUVs now offer 994 litres of cargo room behind the second row of seats, which is 78 litres more than in a seven-seat 5008 with the third row folded down.… Continue reading Peugeot 5008, e-5008 now available with five seats for bigger boot
DOW, JLR & Adient Develop Closed-Loop Polyurethane Foam Seats
Dow Inc. DOW recently announced that JLR has made a significant technical advance in the closed-loop recycling of polyurethane seat foam from used vehicles, successfully reintegrating it into the production of new seats. This is the first time closed-loop seat foam content has been effectively employed in car production, owing to a collaboration between Dow’s… Continue reading DOW, JLR & Adient Develop Closed-Loop Polyurethane Foam Seats
Interview | Balaje Rajan, Chief Strategy Officer, Tata Passenger Electric Mobility
As part of its Open Collaboration 2.0, Tata Motors is planning to add 500 EV fast chargers across India with a focus on key EV micro markets like Delhi, Bengaluru, Mumbai, and Pune, among others. EV market leader Tata Motors is optimistic about the country’s electric vehicle growth trajectory. The company expects India’s EV parc… Continue reading Interview | Balaje Rajan, Chief Strategy Officer, Tata Passenger Electric Mobility
Tata Technologies Launches ‘#Reignite2025’ to Help Women Engineers Restart Careers
Tata Technologies, a global product engineering and digital services company, announced the launch of ‘#Reignite2025”. The gender diversity-focused hiring campaign aims to help women engineers resume their careers after taking breaks through a comprehensive three-stage program offering specialized training and mentorship opportunities. The program addresses a significant challenge faced by women professionals who take career… Continue reading Tata Technologies Launches ‘#Reignite2025’ to Help Women Engineers Restart Careers
Magna Announces Fourth Quarter 2024 Results and 2025 Outlook
Fourth Quarter 2024 Highlights Sales increased 2% to $10.6 billion, in-line with global light vehicle production Diluted earnings per share of $0.71 and Adjusted diluted earnings per share of $1.69, compared to $0.94 and $1.33, respectively Generated $1.9 billion in cash from operating activities Returned $335 million to shareholders through dividends and share repurchases Raised… Continue reading Magna Announces Fourth Quarter 2024 Results and 2025 Outlook
IT Market in Germany to grow by USD 33.3 Billion from 2025 to 2029, Driven by increased adoption of IT solutions among SMEs, AI impact – Technavio
NEW YORK, Feb. 14, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The IT market in Germany and it is set to grow by USD 33.3 billion from 2025 to 2029. However, the growth momentum will progressing at a CAGR of almost 4.2% during the forecast period, according to Technavio. The IT… Continue reading IT Market in Germany to grow by USD 33.3 Billion from 2025 to 2029, Driven by increased adoption of IT solutions among SMEs, AI impact – Technavio
Car sales shift to first gear in Jan after demand bump
At Toyota Kirloskar Motor (TKM) too, sales grew 13% to 26,178 units. New Delhi: Sales of passenger cars, vans and utility vehicles grew in low single-digits in January, mainly because of a high base and continued tepid demand in the local market. Market leader Maruti Suzuki posted a 4% rise from a year earlier at… Continue reading Car sales shift to first gear in Jan after demand bump
Mahindra XUV300, 3XO sales cross 335,000 units, up 80% in FY2025
The Mahindra XUV300, reborn in a new avatar in April 2024 as the XUV 3XO, turns seven years old today. Launched on February 14 and Valentine’s Day in 2019, the popular compact SUV has, till end-January 2025, has sold a total of 335,017 units. Thanks to the XUV 3XO, this compact Mahindra SUV’s growth trajectory… Continue reading Mahindra XUV300, 3XO sales cross 335,000 units, up 80% in FY2025
Tata Elxsi and Garuda Aerospace Sign MoU at Aero India 2025 to Establish Centre of Excellence for Indigenised UAV (Unmanned Aerial Vehicle) Design and Development
The partnership focuses on developing indigenous UAV systems, including drones, sensors, AI-driven analytics, eVTOL Solutions, catering to defence, agriculture, and smart city applications. Key Highlights Integration of AI/ML-driven solutions to enhance drone efficiency, achieving a 20% reduction in energy consumption and over 20% cost savings. Establishing a 100% indigenous vendor ecosystem for UAV development and… Continue reading Tata Elxsi and Garuda Aerospace Sign MoU at Aero India 2025 to Establish Centre of Excellence for Indigenised UAV (Unmanned Aerial Vehicle) Design and Development