The MoU was signed at the Sahyadri Guest House in the presence of chief minister Eknath Shinde, who described the project as a ‘revolutionary step’ for the state’s motor manufacturing industry. (Representational photo) The Chhatrapati Sambhajinagar project will create approximately 16,000 jobs, both direct and indirect, and is projected to produce around 4,00,000 cars annually … Read more
General Motors revealed its most powerful Corvette ever — with a top speed of some 215 mph and an eye-watering price tag to match. The 2025 Corvette ZR1 will feature a twin-turbocharged, 5.5-liter, V8 engine capable of a whopping 1,064 horsepower — exceeding the 755 horsepower of the current model, the Detroit company said Thursday. … Read more
Ford plunged nearly 20% on Thursday after the company missed Wall Street’s profit estimates — leading to the worst single-day stock decline for the automotive giant in nearly two decades. The Detroit-based car manufactured revealed late Wednesday a second-quarter operating profit of $2.8 billion, down 26% from $3.8 billion in the second quarter of 2023, … Read more
“Bond King” Bill Gross is known for his aggressive bond investing strategies and is accredited with democratising the fixed-income securities market by making it accessible to all investors. He co-founded Pacific Investment Management Company (PIMCO) and worked to make it the biggest active fixed-income fund management firm globally. Before PIMCO, trading bonds were rare and … Read more
For the first time in years, car shoppers are having an easier time finding a deal as the auto industry bounces back from supply chain woes — and experts say the outlook could get even better. Sticker prices at dealerships have started to come down and affordability is improving, said Daniel Ross, senior manager of … Read more
Everyone’s favorite decade (and I do mean everyone) is the 1990s. It was a great time for music, fashion and, of course, cars. There’s just something about cars from that blessed decade. Just look at the BMW M3, the Lamborghini Diablo or the Dodge Viper — they’re smaller, sharper creatures than we have on our … Read more
KANGAR: A family of three narrowly escaped drowning after their car plunged into a river along Jalan Kangar-Alor Setar, Kampung Tok Pulau. Perlis Fire and Rescue Department director, Fire Chief I Mohd Zaidi Ma’at said the couple in their thirties, and their three-year-old child, were rescued by a team from the Simpang Empat fire station. … Read more
Manisha Rani is riding high on cloud nine following her triumph in Jhalak Dikhhla Jaa 11 earlier this year. Throughout the season, she captivated audiences with her breathtaking performances. Beyond her professional commitments, Manisha Rani is a devoted daughter, and her social media posts capturing family moments are proof. Recently, Manisha Rani decided to surprise … Read more
Car dealerships in North America continue to wrestle with major disruptions that started last week with cyberattacks on a software company used widely in the auto retail sales sector. CDK Global, a company that provides software for thousands of auto dealers in Canada and the U.S., was hit by back-to-back cyberattacks Wednesday. That led to … Read more
A cyber outage at retail technology and software provider CDK entered its second consecutive day on Thursday, impacting automobile dealers in Canada and the U.S., the affected companies said on Thursday. CDK briefly shut down all its systems on Wednesday, saying it was investigating a second breach that happened in the evening. CBC News reached out to the company … Read more
