The warning comes a day after the Tesla CEO doubled down on his support for the far-right Alternative for Germany (AfD) party in an opinion piece in the German newspaper Welt am Sonntag. He argued that the AfD was the “last spark of hope” for the country. While the conservative Christian Democratic Union is leading the … Read more
Asked what makes Nissan Motor Co. a strong business partner, Honda Motor Co. Chief Executive Officer Toshihiro Mibe struggled to find the right words.“That’s a difficult one,” Mibe, having just announced plans to bring the two firms together under a single holding company, mused earlier this week before a packed room of journalists. His remark … Read more
Volkswagen said the deal would allow savings of €15 billion annually in the medium term and saw no significant impact on its 2024 guidance. While there were no immediate closures, the company said it was looking into options for its Dresden plant and repurposing the Osnabrück site, including looking for a buyer. Some production would … Read more
Germany’s Gerhardi Kunststofftechnik GmbH weathered Napoleon’s invasion, the Great Depression and two world wars. But Europe’s current auto slump has brought the plastics manufacturer to its knees. Founded in 1796, Gerhardi started out making metal products before riding Germany’s postwar automotive boom. Its mastery of injection molding and hot stamping made it a trusted supplier … Read more
Last Updated:December 18, 2024, 13:34 IST With seven stations already operational and 12 more on the way, this partnership aims to enhance last-mile connectivity and sustainable urban mobility. Bangalore Metro. (File photo) Bangalore Metro Rail Corporation has partnered with SUN Mobility, an electric vehicle energy services company, to provide EV battery-swapping facility for the vehicles … Read more
MUMBAI: Roaring SUV sales are driving the share of diesel with nine out of ten diesel-powered vehicles sold in the country this year being SUVs. This has helped boost the share of diesel in the domestic passenger vehicle market for only the second time in 13 years at a time when the auto fuel is … Read more
Last Updated:December 16, 2024, 17:20 IST Magenta’s recent interstate services include key routes such as Rajasthan-Haryana-Delhi (180 km) and Delhi-Haryana-UP (140 km). Magenta Mobility to add 10,000 EVs, expand to new cities, and boost interstate logistics with 150 km range four-wheelers, transforming urban and intercity deliveries. (Image: Shutterstock) Electric mobility firm Magenta Mobility on Monday … Read more
The Environmental Protection Agency is awarding $144 million in grants to fund 13 projects in California to help the state wean off fossil fuels and phase out big rigs that run on diesel. The money will go to the state transportation department, cities and school districts, among others, to purchase some 480 zero-emission vehicles to … Read more
Hangzhou-based Uniview on Tuesday was added to the so-called Entity List for enabling “human rights violations, including high-technology surveillance targeted at the general population, Uygurs, and members of other ethnic and religious minority groups”, the US Department of Commerce, which oversees the country’s trade policy, said in a filing. In a statement on Wednesday, Uniview … Read more
New Delhi: There is a potential $40 billion investment opportunity for the development of electric vehicles (EVs) and ancillary industries in India over the next 5-6 years, a report showed on Wednesday. About two-thirds of the planned investments can potentially materialise in the lithium-ion battery segment alone, said the report by Colliers, a professional services … Read more
