South Korean car major Kia India has reported its first year-on-year decline in profit and revenue since the COVID-19 pandemic, reflecting the impact of a slowing passenger vehicle market and intensifying competition in the Indian automotive sector. According to the company’s financial filing with the Ministry of Corporate Affairs, for the financial year that ended… Continue reading Kia India Enters a Phase of Correction, Revenues and Profits fall in FY-24
Tag: Tata
Jaguar Land Rover suspends exports to US as tariff fallout spreads
$75 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT… Continue reading Jaguar Land Rover suspends exports to US as tariff fallout spreads
German FAZ: EU Commission imposed millions of fines against 15 car manufacturers009093
The European Commission has imposed millions in terms of millions against 15 car manufacturers due to a cartel in connection with recycling, scrapped vehicles. The VW Group has to pay the highest fine with around 128 million euros, as the Commission announced on Tuesday. Mercedes had disclosed the cartel in Brussels and therefore escapes a… Continue reading German FAZ: EU Commission imposed millions of fines against 15 car manufacturers009093
Jaguar Land Rover pause US shipments to assess impact of Trump’s tariffs
JLR is said to have a supply of cars already in the US that are not subject to the tariffs that took effect on 3 April. Photograph: Bloomberg/Getty Images View image in fullscreen JLR is said to have a supply of cars already in the US that are not subject to the tariffs that took… Continue reading Jaguar Land Rover pause US shipments to assess impact of Trump’s tariffs
Jaguar Land Rover pauses US shipments over Trump tariffs
The British carmaker says it won’t ship to the US during the month of April. The British carmaker says it won’t ship to the US during the month of April. Wes Davis is a weekend editor who covers the latest in tech and entertainment. He has written news, reviews, and more as a tech journalist… Continue reading Jaguar Land Rover pauses US shipments over Trump tariffs
Exclusive: Tata AutoComp Eyes Aggressive Inorganic Growth as Global Expansion Accelerates
Tata AutoComp Systems Ltd. (TACO), a leading automotive components supplier under the Tata Group umbrella, is poised to scale new heights through an aggressive focus on inorganic growth while maintaining a strong trajectory in organic expansion. The company, which recently acquired two key automotive interior suppliers in Europe—Artifex Interior Systems in the UK and IAC… Continue reading Exclusive: Tata AutoComp Eyes Aggressive Inorganic Growth as Global Expansion Accelerates
Does it matter who runs the company you buy your car from?
‘Go woke, go broke’, goes a catchphrase beloved by below-the-line internet commenters when a company adopts a controversially progressive stance. And like so many clichés, its origins have some truth behind them. When Bud Light partnered a transgender influencer in 2023, it cost its brewer roughly a 28% drop in profits and itself its position… Continue reading Does it matter who runs the company you buy your car from?
German FAZ: EU Commission imposed millions of fines against 15 car manufacturer009087
The European Commission has imposed millions in terms of millions against 15 car manufacturers due to a cartel in connection with recycling, scrapped vehicles. The VW Group has to pay the highest fine with around 128 million euros, as the Commission announced on Tuesday. Mercedes had disclosed the cartel in Brussels and therefore escapes a… Continue reading German FAZ: EU Commission imposed millions of fines against 15 car manufacturer009087
‘It will kill Jaguar Land Rover’: town home to one of Britain’s largest car plants reacts to Trump’s tariffs
JLR, which people say defines the region’s industrial identity, produces cars that will be subject to a 25% tariff. Photograph: Fabio De Paola/The Guardian View image in fullscreen JLR, which people say defines the region’s industrial identity, produces cars that will be subject to a 25% tariff. Photograph: Fabio De Paola/The Guardian ‘It will kill… Continue reading ‘It will kill Jaguar Land Rover’: town home to one of Britain’s largest car plants reacts to Trump’s tariffs
More than 1m cars sold in UK each year too big to fit typical parking space
The Range Rover Sport is an example of the type of SUV that is only growing in popularity within the UK market. Photograph: Bloomberg/Getty Images View image in fullscreen The Range Rover Sport is an example of the type of SUV that is only growing in popularity within the UK market. Photograph: Bloomberg/Getty Images More… Continue reading More than 1m cars sold in UK each year too big to fit typical parking space