FADA President CS Vigneshwar told ETAuto that cess, meant to be borne by the end user, is currently carried by dealers before being passed on to customers. Commerce and Industry Minister Piyush Goyal on Wednesday said he will consider taking up with the Finance Ministry the issue of supporting dealers on the utilisation of the… Continue reading Will look into cess issue, but OEMs also have a responsibility: Piyush Goyal
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Sermatec Unveils 835kWh Modular Energy Storage System: Scalable, Reliable, and Grid-Ready
Modular Design, Scalable Flexibility: Hitting the Sweet Spot for Industrial and Grid-Scale Applications SHANGHAI, Sept. 11, 2025 /PRNewswire/ — SERMATEC has launched an innovative 835kWh Modular Energy Storage System. At the core of Sermatec’s innovation is a 1P104S large-pack architecture paired with an 835kWh “sweet spot” capacity — precisely engineered to meet the demands of mid-… Continue reading Sermatec Unveils 835kWh Modular Energy Storage System: Scalable, Reliable, and Grid-Ready
Pelican Transaction Values 80 Mile’s 30% Jameson Interest at US$92M
LONDON, Sept. 11, 2025 /PRNewswire/ — 80 Mile PLC (’80 Mile’ or the ‘Company’) notes the 09 September 2025 announcement by Pelican Acquisition Corporation (‘Pelican’), a company formed as a special purpose acquisition company, regarding its Definitive Agreement and Plan of Merger with Greenland Exploration Limited (“GEL”), 100% owned subsidiary of March GL Company. GEL has an… Continue reading Pelican Transaction Values 80 Mile’s 30% Jameson Interest at US$92M
VW vows to defend Europe crown in fightback against Chinese EVs
Premium Digital Complete coverage $75 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. Global news & analysis Expert opinion FT App on Android & iOS FT Edit: Access on iOS and web FirstFT: the day’s biggest stories 20+ curated newsletters Follow… Continue reading VW vows to defend Europe crown in fightback against Chinese EVs
India’s Auto Dealers Warn of ‘Big Pain’ from Inventory Glut
India’s automobile retail segment enters the festive season weighing growth opportunities against operational challenges. Traditionally, automakers ramp up dispatches to dealerships ahead of Navratri and Diwali to capture a surge in consumer demand. Dealers, in turn, take on higher volumes in the expectation of rapid turnover and healthy cash flows. But this year is different:… Continue reading India’s Auto Dealers Warn of ‘Big Pain’ from Inventory Glut
Piyush Goyal Stresses Need for Structured Legal Framework for Vehicle Dealers
Commerce and Industry Minister Piyush Goyal has called upon India’s automotive sector to work collectively towards a formal framework or charter that would ensure foreign companies operating in India remain accountable to local consumers, even if they choose to exit the market. Addressing dealers at the 7th Auto Retail Conclave of the Federation of Automobile… Continue reading Piyush Goyal Stresses Need for Structured Legal Framework for Vehicle Dealers
Brose Sitech Acquires Proseat Group to Expand Vehicle Seating Portfolio
Brose Sitech has announced the successful completion of the acquisition of the Proseat Group, which produces and develops polyurethane foam, interior, and lightweight components for the automotive sector. Proseat, based in Morfelden-Walldorf near Frankfurt am Main, is one of Europe’s leading manufacturers of foam and lightweight car seat components made of expanded polypropylene (EPP). The… Continue reading Brose Sitech Acquires Proseat Group to Expand Vehicle Seating Portfolio
PRIVACY ALERT: Retina Group of Florida Under Investigation for Data Breach of 152,691 Patient Records
SAN FRANCISCO, Sept. 11, 2025 /PRNewswire/ — Schubert Jonckheer & Kolbe LLP is investigating a data breach that led to unauthorized access to the sensitive information of 152,691 patients of Retina Group of Florida. Retina Group of Florida is an ophthalmology practice that operates 23 retina clinics in East, South and Southwest Gulf Coast Florida. Continue Reading… Continue reading PRIVACY ALERT: Retina Group of Florida Under Investigation for Data Breach of 152,691 Patient Records
Ecovyst Announces Agreement to Sell its Advanced Materials & Catalyst Segment to Technip Energies
WAYNE, Pa., Sept. 11, 2025 /PRNewswire/ — Ecovyst Inc. (NYSE: ECVT) (“Ecovyst” or the “Company”), a leading integrated and innovative global provider of advanced materials, specialty catalysts, virgin sulfuric acid and sulfuric acid regeneration services , announced today that it entered into a definitive agreement to sell its Advanced Materials & Catalysts segment to Technip… Continue reading Ecovyst Announces Agreement to Sell its Advanced Materials & Catalyst Segment to Technip Energies
PLATINUM EQUITY TO ACQUIRE EUROPEAN CUSTOM-BRANDED MERCHANDISE SPECIALIST XD CONNECTS
Envisioned combination with Solo will provide added scale, expanded product portfolio, and enhanced geographical reach, positioning both companies for growth in Europe’s custom-branded merchandise industry LOS ANGELES, Sept. 11, 2025 /PRNewswire/ — Platinum Equity announced today that it has signed a definitive agreement to acquire XD Connects, a leading designer and value-added supplier of corporate… Continue reading PLATINUM EQUITY TO ACQUIRE EUROPEAN CUSTOM-BRANDED MERCHANDISE SPECIALIST XD CONNECTS