🏢 Industry
Share of loans, deposits with higher interest rates grows
With the rise in the benchmark policy rates, the share of loans carrying 8% interest rate came down from 53% in March 2022 to 18% in June 2023, while the share of bank credit with interest rate of over 10% increased from 22% to 34%, the Reserve Bank of India’s (RBI) monthly bulletin said on Monday.
After lithium in Kashmir, rare metal vanadium, key for batteries, found off Gujarat coast
Vanadium, a critical raw material for many industrial applications, has been found in sediment samples collected from Gulf of Khambhat, which opens into the Arabian Sea off Alang in Gujarat. What makes this find a significant one is that the war mineral, used to strengthen steel and make batteries, is scarce in India.
2023 MotoGP Bharat: All you need to know about Grand Prix of India
The upcoming chapter of MotoGP marks a great significance for Indian motorsport history with the championship being hosted by the country for the first time. It also marks the return of the Buddha International Circuit (BIC) which hasn’t seen a major motorsport competition ever since Formula One withdrew the Indian chapter for the international calendar.
Tata to invest INR 200 crore to set up semiconductor unit in Karnataka
Tata is planning to invest INR 200 crore and offer 155 new jobs for a semiconductor testing and packing unit at Narasapura in Kolar district, about 70km from here.
F R Singhvi is new president of ASDC, Vinkesh Gulati vice president
Singhvi's appointment as president follows the successful tenure of Vinod Aggarwal (President SIAM and MD & CEO, Volvo Eicher Commercial Vehicles Ltd), who has played a pivotal role in steering ASDC's growth over the past two years. During his tenure, ASDC's notable achievements include the launching of the National Automotive Olympiad, facilitating over 1 lakh apprenticeships through NAPS, and increasing ASDC's outreach to all corners of India by organizing job fairs for communities in remote areas. ASDC has also expanded its perspective to span CSR initiatives, electric mobility programs, and leveraging prestigious industry events.
Rajasthan govt approves hydrogen policy
Rajasthan Chief Minister Ashok Gehlot has approved the draft of 'Rajasthan Green Hydrogen Policy-2023' and a notification in this regard will be issued soon. The state government has taken the decision keeping in mind clean energy production, future needs and climate change, according to a release.
Auto sector to see 70-80% demand surge in apprenticeship
One of the significant factor contributing to this growth is the extension of the Production-Linked Incentive (PLI) scheme for the automotive sector. Originally scheduled to run from 2022-23 to 2027-28, this scheme's extension promises to usher in a new era of growth and increased employment opportunities within the sector.
India's rise as a global manufacturing hub: Role of software in ensuring quality
New Delhi: India is at the cusp of becoming a dominant force in the global manufacturing landscape, and at the heart of this transformation is the pivotal role played by software technologies to ensure consistency and quality, the panel of experts on the sidelines of the Hexagon user conference said
Mahender Singh to lead Fluiconnecto in India as Country Head
New Delhi: Fluiconnecto (Manuli-RYCO and Fluiconnecto), a global organisation focused on fluid conveyance systems and solutions, has appointed Mahender Singh as its new General Manager/Country head –India. Fluiconnecto has a worldwide presence and its customers are in such diverse sectors as Commercial, Industrial, Offroad machine, Construction, Marine, Mining and Oil & gas.
Bharat NCAP: Nitin Gadkari inaugurates command and control center in Pune
Minister of Road Transport & Highways, Nitin Gadkari recently inaugurated the Command and Control Center of Bharat NCAP at the Central Institute of Road Transport (CIRT) in Pune. The Bharat NCAP centre will be the administrative setup for awarding star ratings for cars tested under the BNCAP Vehicle Safety Regime, launched on August 22, 2023.
Auto companies up, but investors must be cautious: Analysts
Mumbai: Shares of automobile makers rose on Monday, bucking the weak overall market trend, as expectations of a pick-up in demand amid the upcoming festive season cheered investors. The BSE Auto Index gained 0.8% to hit an all-time closing high in Monday's trading, while the benchmark Sensex declined close to 0.4%. Analysts said investors must be wary of committing money to most auto stocks for the longer period following the recent gains, but the bullish momentum still makes them good trading bets.
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🎤 Interviews & Features
Toyota 48V mild-hybrid diesel engine: How does it work?
There is a certain question mark over the future of diesel engines globally, and with rumours of higher taxation in markets like India, the future of oil burners looks bleak. The gulf between the internal combustion engines (ICE) and cleaner battery-powered sources has been bridged by hybrid powertrains in the last few years.
How real-time machine learning can make the self-driving cars more smart
Real-time machine learning and compression techniques are at the forefront of propelling self-driving technology into the future, whether it's for personal transportation or last-mile deliveries. In this rapidly evolving field of self-driving vehicles, real-time machine learning can prove to be a game-changer, enabling vehicles to make split-second decisions on the road.
MotoGP Bharat: When, where and how to watch
MotoGP makes its debut in India, showcasing rising popularity in the country. Francesco Bagnaia leads the championship, while legends like Giacomo Agostini, Valentino Rossi, and Marc Marquez are celebrated. The event runs from September 22 to 24, with tickets available on BookMyShow.
Gadkari’s diesel tax gaffe underscores need to focus on outcomes, not process
Minister for Road Transport and Highways Nitin Gadkari is undoubtedly a man in a hurry. His go-getter attitude has undoubtedly transformed highway construction in India. Under his remit, the pace of road construction in India has leapfrogged from around 3 km per day to around 37 km per day.
79% of businesses harness technology to enhance last-mile efficiency
Locus, a dispatch management SaaS company, released a new research report, Decoding Asia’s Last-Mile Maturity, uncovering valuable insights about the current state of last-mile logistics in India, Indonesia, the UAE, and other Asian countries. It also shows progress and gaps in the ecosystem and the pivotal role of technology in driving business success.
Citroen C3 Aircross vs Hyundai Creta: Engine, features, price and Specifications comparison
In terms of design, the C3 Aircross takes inspiration from the C3. The logo has been integrated into the front grille. It gets a two-layer design replete with chrome and piano black inserts. Similar to the C3 it gets Y-Shaped LED DRLs with the headlamps below. It gets bigger air vents surrounded by round fog lamps. At the back, the C3 Aircross has a large tailgate with square taillamps. In this article, let’s take a quick comparison between the C3 Aircross and Hyundai Creta.
2023 Hyundai i20 what’s new: No turbo petrol, price, variants
Hyundai launched the 2023 i20 facelift which starts from Rs 6.99 lakh, ex-showroom. The facelift version comes with new variants, and features, but is now only available with single-engine petrol options.
2023 Tata Nexon facelift: Variant-wise features explained
Here is a variant-wise features list of the 2023 Tata Nexon facelift.
CDIL to expand chip ATMP; fab plans later
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🚗 Cars / SUVs
Jeep finalising EV strategy for India, aims over 90% localisation for Compass SUV
Speaking about the electrification strategy, he said that electrification with Jeep in India is a focal point, which will eventually happen. He also said at this point the company is still finalising the EV strategy. "Options for electrification (of vehicles) is something we are studying right now because the customer is at the centre and his (customer's) needs have to be satisfied. Globally, we have a vast expansion of the EV portfolio. So, we are evaluating different options for India," Jairaj reportedly added.
Toyota Kirloskar Motor opens new dealership in Tezpur, Assam
New Delhi: Toyota Kirloskar Motor (TKM) Monday opened new customer touchpoint, Aditya Toyota, in Tezpur Assam, in the North-East region of the country. It spans an expansive 37,000 sq.ft and encompasses sales, service and spares. TKM has an all-India dealer network of 600 customer touchpoints. The company aims to deliver “Mass Happiness to All” by driving Quality, Reliability and Durability (QDR).
Another SUV for Mohammed Siraj? Here's what Anand Mahindra has to say
Mahindra took to X, formerly called Twitter, to congratulate Siraj and Team India for the performance on the field in Colombo. Known for his admiration of sporting excellence, Mahindra was typically creative with his congratulatory message for the cricketer and the team. “I don’t think I have EVER before felt my heart weep for our opponents….It’s as if we have unleashed a supernatural force upon them… @mdsirajofficial you are a Marvel Avenger…" he wrote.
Top 5 best-selling hatchbacks in August 2023
Although SUVs are gaining popularity, hatchbacks do have their market and the sales data for August 2023 proves that. The top three best-selling vehicles in August 2023 were hatchbacks made by Maruti Suzuki. Hatchbacks are ideal for city commutes and occasional weekend getaways, as they are small and easy to manoeuvre and park.
Mahindra Thar 5-door, new XUV300 spotted testing together in Ladakh. Check what is new
The XUV300 facelift SUV test mule gives almost nothing away, except the taillights. Mahindra is likely to tweak the light set-up at the rear. The SUV could also get a connected LED light bar too along with a tweaked bumper. The overall proportion of the rear section is likely to remain similar to the existing model. Mahindra has seen testing the new XUV300 SUV a number of times. The SUV is expected to get several tweaks on the outside. These may include a redesigned grille, bonnet and bumper. The SUV is also likely to get a new C-shaped LED DRL besides redesigned alloy wheels.
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Electric-Cars / SUVs
Tata Nexon EV's loan EMI & down payment: All details here
The Nexon EV, now stylised as Nexon.ev, was recently refurbished by Tata Motors with a new design, more features, and a little longer range. The company is currently working on developing EV-only showrooms, and the Mahindra XUV400 will now be offered under the new Tata.ev subbrand.
Tata Nexon EV long-range review: Prices start from Rs 18.19 lakh, still value for money?
On September 1, Tata Motors unveiled the all-new Nexon petrol and diesel to the world and not even a week later, we got the chance to get up close with the new Nexon EV and drive it. While other manufacturers sometimes take a while before bringing out the electric version of an all-new model, Tata Motors has not wasted time and completely revamped the Nexon line-up in just a matter of days. The blitzkrieg revamp across the Nexon range makes sense as well, it has been the market leader in the electric four-wheeler segment for a while and commands over 80 percent share, with the all-new model, Tata has ensured that its new customers continue to have adequate incentive to consider the Nexon EV as their first electric car. We recently headed to Pune, to test out the new Nexon EV and here is what the electric SUV felt like.
It’s better as an EV:
Tata Nexon EV facelift on-road prices in top Indian cities
Source Credit: The Economic Times
The Nexon EV, now stylised as Nexon.ev, was recently refurbished by Tata Motors with a new design, more features, and a little longer range.The 2023 Nexon EV facelift is available in two versions - MR (Mid Range) and LR (Long Range) with prices starting from Rs 14.74 lakh, going up to Rs 19.94 lakh (ex-showroom).
Here'a a look at the on-road prices of the Nexon.ev base-spec Creative+ variant and the top-of-the-line Empowered+ variant in the top cities in India:
2023 Tata Nexon EV facelift vs MG ZS EV: Price and specification comparison
Here is a price and specification comparison between the Tata Nexon EV facelift and MG ZS EV.
Tata Motors targets 10 electric vehicles in portfolio by 2025
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🚗 Luxury Cars
How SUVs are topping the list in the pre-owned luxury car segment
The unfettered love for SUVs can be deciphered from the way they are clocking demand in the market. With customers being amazed by the high-end features and performance of the car, the fondness for SUVs is penetrating the pre-owned luxury car segment as well. Stirring excitement in people, masses are flocking to purchase pre-owned luxury sports utility vehicles to experience extravagance within budget.
BMW iX1 electric SUV launch in Oct– to offer 475 km range
The luxury electric vehicle (EV) space is booming in India with BMW commanding over 50% of market share in this segment. The German marque intends to expand this space by adding more EVs in its lineup. The company currently offers three EVs in India including the i4 sedan, the iX SUV and the i7 limousine.
Audi India launches limited edition Q5 priced at INR 69.72 lakh
New Delhi: Audi, the German luxury car manufacturer, Monday launched a limited edition Audi Q5 for the festive season priced at INR 69,72,000 (Ex-Showroom).
Price of EQE is at par with ICE SUV: Mercedes-Benz India MD & CEO
Mercedes-Benz extended its electric vehicle portfolio with the launch of the EQE 500 4Matic SUV at an introductory price of Rs 1.39 crore, ex-showroom. Following its top-down mantra, the German luxury automobile manufacturer has introduced the EV SUV only in one fully loaded variant which enters the Indian market via the complete built unit (CBU). Arup Das catches up with Santosh Iyer, MD and CEO, of Mercedes-Benz India, who speaks about the electric vehicle’s ecosystem, technology like Chap GPT and his take on what is next for diesel-powered vehicles in India.
Taapsee Pannu buys Mercedes-Maybach GLS 600 worth Rs 2.9 crore: Why it costs a bomb
Bollywood actress Taapsee Pannu has brought home a brand-new Mercedes-Maybach GLS 600 worth a whopping Rs 2.92 crore (ex-showroom), finished in the Mojave Silver single-tone paint scheme. In a post on Instagram, Mercedes-Benz Landmark Cars, Mumbai posted an image of the actress with her new ride, the swanky GLS 600 with a large red ribbon on the bonnet.
Mercedes-Benz reveals EV strategy for India, to offer its charging outlets to other electric cars too
Among the luxury electric car manufacturers operating in India, Mercedes Benz has the highest number of EV charging outlets on offer. The carmaker has tied up with operators to offer EV charging solutions. Its charging network offers ultra fast charging up to 180 kWh as well as regular fast chargers with capacity of up to 60 kWh. Globally, Mercedes Benz has more than 2,000 EV charging outlets. In India, Mercedes has around 140 EV chargers available in more than 25 cities.
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⛟ Commercial Vehicles
Tata Motors to hike CV prices by 3%
Tata Motors announced on Monday that it will implement a price increase of up to 3% on its commercial vehicles, marking the third price adjustment within the current calendar year.
Rising ownership costs to hurt India's commercial vehicle volume growth: Fitch
Growth in India's commercial vehicle sales volume will slow down to low-to-mid-single digits due to rising ownership costs, Fitch Ratings said in a report on Monday.
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🏍 2/3 Wheelers
Ganesh Chaturthi 2023: Yamaha launches attractive deals on FZ-S, RayZR and Fascino till September 30
The Yamaha FZ-S motorcycle and the RayZR 125 scooter are being offered with the cashback and low down payment offer in Mumbai only. The FZ-S is also carrying the offer in the rest of Maharashtra, however, the Fascino 125 is included in the offer for the rest of Maharashtra and not in Mumbai. Similarly, the offer is valid for RayZR buyers in Mumbai only and not in the rest of Maharashtra.
2024 KTM 390 Duke first ride review — The sophisticated pocket rocket
The KTM 390 Duke set high performance standards when it was first introduced in 2013. The motorcycle offered performance no one had ever seen in the segment and over the years, the 390 Duke has only been raising its performance benchmarks.
Bajaj Auto looks at disrupting 100 cc segment with CNG bikes
Bajaj Auto is looking at disrupting the entry-level two-wheeler segment by launching CNG motorcylces, which would drive down the fuel prices for customers by around 50%.
India's entry-level bike buyers unlikely to return soon, says Bajaj Auto MD
Bajaj Auto does not see entry-level customers returning "in the near future", its managing director told broadcaster CNBC-TV18 on Monday, signalling a dull festive season for the traditional fuel based-segment as buyers weigh electric options.
Yamaha India offers cashback on FZ motorcycles and 125 Fi scooters in this state
The special offers and finance schemes will be valid till the end of this month. The cashback and finance offers are currently applicable in Yamaha's 150 cc FZ model range and RayZR 125 Fi Hybrid in Mumbai. For the rest of Maharashtra, the offers are available on Yamaha's 150 cc FZ range and Fascino 125 Fi Hybrid.
Bajaj set to launch its 'biggest ever' Pulsar by March, says MD Rajiv Bajaj
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🚲 Electric 2/3 Wheelers
Ather readies new models and exports after subsidy cuts
Indian electric scooter maker Ather Energy will accelerate new model launches at home and test export markets, its chief executive told Reuters, raising new money to boost growth after the government lowered subsidies for the vehicles.
E-scooter maker Ather Energy readies new models and exports after subsidy cuts
Indian electric scooter maker Ather Energy will accelerate new model launches at home and test export markets, its chief executive told Reuters, raising new money to boost growth after the government lowered subsidies for the vehicles.
Ather Energy set for exports, bats for FAME-III
Electric two-wheeler major Ather Energy expects to commence exports over the next few months, the company’s chief business officer Ravneet Phokela told FE.
Haryana CM Khattar announces INR 50,000 for industrial workers' daughters to buy electric two-wheelers
Daughters of industrial workers pursuing higher education will be granted INR 50,000 to purchase electric two-wheelers, Haryana Chief Minister Manohar Lal Khattar announced on Sunday. Speaking at an event at the Shri Vishwakarma Skill University in Palwal district, Khattar said the move will promote mobility and enable the daughters of industrial workers to be independent.
Ola MoveOS 4 update in beta version rolled out with new navigation feature. Check what else it offers
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⚙ Components
Manav Kapur of Steelbird takes charge as chairperson of ACMA-YBLF
New Delhi: Manav Kapur, Executive Director, Steelbird International, is appointed as the Chairperson of the ACMA-Young Business Leaders’ Forum (YBLF) for the 2023-2025 chapter. He was nominated Co-Chair in 2022. Sunjay Kapur (Sona Comstar), is the Chief Mentor of ACMA-YBLF.
US auto strike puts Indian ancillary hubs on the edge
New Delhi: Automotive component manufacturing hubs in India are feeling the heat of the strike call by the American automotive workers’ union, United Auto Workers (UAW), against the Big Three—Ford, General Motors and Stellantis—in distant Detroit.
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🌇 Allied Industries
TVS Supply Chain Solutions bets big on Europe, UK and US, expects high-teens growth in ISCS
TVS Supply Chain Solutions (TVS SCS), an end-to-end supply chain solutions provider with capabilities across the value chain, expects a year-on-year revenue growth in the high-teens in the integrated supply chain solutions (ISCS) segment for FY 24 on the back of robust demand in sectors such as utilities, defence, energy, auto and farm equipment in its key markets such as Europe, UK and the US.
Steelbird introduces SBA-8 flip-up helmet
Steelbird has announced the SBA-8 flip-up helmet, which the company claims is lightweight, stylish, comfortable and provides superior protection to riders.
India's NTPC mining arm to explore battery minerals overseas
New Delhi: Indian power producer NTPC's mining arm will explore overseas sourcing of battery minerals such as lithium, cobalt and nickel, three sources told Reuters on Monday.
Genesys International to provide advanced mapping service to Saudi Arabia
Mumbai-headquartered Genesys International a leading provider of advanced mapping, survey and geospatial services has bagged an order worth Rs 67 crore from Saudi Arabia to provide advanced mapping services to the country.
From war to business to economy, why NavIC is the tech for a rising India
The desi GPS: From war to business
India poised to become leader in sustainable technologies: Honeywell Chief Scientist
"There are some parts of India, some regions in India now that actually have very high levels of renewable power, and very low levels of fossil fuel intensity. I think India is poised to become much more of a leader in sustainable technologies," Towler said on the sidelines of a company event.
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🌢 Fuels, Lubricants & Charging Stations
Petromin, HPCL to invest USD 700 mn in fuel stations, multi-brand vehicle service workshops & EV charging stations
Saudi mobility solutions player Petromin Corporation KSA in partnership with Hindustan Petroleum Corporation Limited (HPCL) will invest USD 700 million in three strategic areas-- fuel stations, multi-brand vehicle service workshops and EV charging stations.
ENSO Global, Gazpromneft-Lubricants forge partnership for South Asian lubricant expansion
ENSO Oils & Lubricants, a subsidiary of ENSO Global Trading Trading recently announced a strategic partnership with Gazpromneft-Lubricants to expand the distribution of lubricant assets across the South Asian region. Under this agreement, ENSO Oils & Lubricants will focus on importing and distributing Gazpromneft-Lubricants' diverse range of oils, lubricants, and technical fluids designed to meet the needs of various industries.
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📖 Magazines News
Feature: Vredestein tyre experience – Getting a grip
Ultrac Vorti tyres a brand for luxury sedans
The Honda Motocompacto mini-scooter does 19km and fits in your car
Powering the Motocompacto is a 490-watt, 16Nm electric motor that gives you a top speed of 24kph. It draws its power from a 6.8Ah battery pack, which Honda says is good enough for 19km of range. This should make this quite a handy little tool. Once dead, Honda says it’ll take 3.5 hours to have the battery fully juiced up again, using the on-board charger plugged into a 15-amp outlet.
Nexon EV facelift sits between Gen 1 and Gen 2 EVs: Tata Motors EV head
Source Credit: Autocar India
With the recently launched Nexon EV facelift, Tata Motors further demonstrated how it is continuously evolving its electric vehicles. The updated SUV uses an entirely new electric motor, which is likely the same one that will propel its upcoming Gen 2 EVs. And it’s the inherently more adaptable nature of EVs, compared to ICE cars, that’s allowed the brand to do this, according to Anand Kulkarni, chief products officer and head of HV programs, Tata Passenger Electric Mobility.
Harley X440 vs Triumph Speed 400 vs RE Classic 350: comparison review
Source Credit: Autocar India
The Harley-Davidson X440 and Triumph Speed 400 certainly aren’t the first challengers to Royal Enfield’s domination of the middleweight segment. But it wouldn’t be wrong to say that they are the strongest. The prestige of long-standing, big-name global bikemakers, combined with the manufacturing might and local know-how of domestic specialists is not a blend to be discounted. But the very fact that the competition has had to resort to such amalgamations speaks volumes of RE’s stranglehold over this market. And representing the company’s interests in this comparison is what we believe to be its finest single-cylinder motorcycle – the Classic 350.
Tata Nexon facelift price, variants explained
Source Credit: Autocar India
Tata Motors has launched the Nexon facelift, with the prices ranging between Rs 8.10 lakh-15.50 lakh (ex-showroom, India). The Nexon facelift gets a turbo-petrol and diesel engine like before but now it gets four core trims – Smart, Pure, Creative and Fearless. Over and above these, they also get optional packages bundled with several features with a ‘+’ suffix and a sunroof package denoted by S.
Single-cylinder Ducati Hypermotard spotted testing
Source Credit: Autocar India
Multiple spy shots have emerged of a test mule on Italian roads that appear very similar to a single-cylinder Ducati Hypermotard. This is likely to be one of Ducati’s more affordable models once it debuts, which could happen in 2024.
Audi Q5 limited edition launched at Rs 69.72 lakh
Source Credit: Autocar India
Audi has launched a limited edition version of the Q5 SUV at Rs 69.72 lakh (ex-showroom, India). This special edition Q5 costs Rs 1.5 lakh more than the Technology trim (Rs 68.22 lakh) it is based on, and will be available in limited numbers.
“We were doubtful about electrification, not anymore": Mercedes India MD
Source Credit: Autocar India
Mercedes-Benz, the country's largest luxury carmaker is on course to sell over 1,000 electric vehicles in 2023, accounting for almost 5 percent of its total sales in the current year. This would be over a 100 percent growth in sales for Mercedes EVs, albeit on a low base.
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📰 International News
Vinfast's second-quarter deliveries jump over fivefold sequentially
Vietnamese electric-vehicle manufacturer Vinfast revealed a significant surge in vehicle deliveries for the second quarter, marking a remarkable increase of over five times compared to the preceding quarter.
Chip startup UltraSense enters deal with Korean automotive supplier
UltraSense Systems, a Silicon Valley startup that makes a chip that can replace mechanical buttons, said on Monday that it has signed a deal with South Korea's Mobase Electronics to supply chips in cars due to hit the market next year.
Turkish President Erdogan asks Musk to build Tesla factory in Turkey
Turkish President Recep Tayyip Erdogan asked Tesla CEO Elon Musk to build a Tesla factory in Turkey, Anadolu Agency posted on social media platform X on Sunday.
How Ford, GM and Stellantis misread UAW triggering historic strike against Detroit's Big Three
The walkout led by United Auto Workers President Shawn Fain at three General Motors Co., Ford Motor Co. and Stellantis NV factories is no ordinary labor-versus-industry clash. The 54-year-old former Chrysler electrician is pushing for a dramatic reset of the wage scales and working conditions that would meaningfully change the economics of car manufacturing. He’s taken aback executives with eye-watering demands for 40% pay increases over the next four years and a 32-hour work week — unheard of in American manufacturing.
UAW strike against Detroit Three automakers enters third day
The United Auto Workers strike against the Detroit Three automakers entered its third day on Sunday with no immediate resolution on the horizon.
UAW to resume Stellantis bargaining talks on Monday morning
The United Auto Workers and Chrysler-parent Stellantis are set to resume bargaining talks Monday morning as a strike against the Detroit Three automakers enters its fourth day.
BMW Vision Neue Klasse-based M3 EV confirmed for 2027, will coexist with ICE sibling
The report also claims that the next-generation BMW M3 could come powered by a 1,341bhp peak power generating electric powertrain that will consist of four different electric motors, each powering one wheel. BMW has reportedly hinted that the quad-motor powered M3 EV won't be any less performer than its turbocharged petrol engine-powered sibling. Interestingly, BMW has already previewed a quad-motor EV concept, with development continuing on a zero-emission i4-based and M3-faced prototype.
EU reticent to postpone Brexit tariffs on EVs, says UK auto body
The European Union is reticent about agreeing to Britain's plea to postpone looming tariffs on the sale of electric vehicles (EVs) but carmakers remain optimistic a delay can be agreed, Britain's auto industry body said on Monday.
Porsche Taycan Cross Turismo sets world record for greatest altitude change by an electric car
The electric Porsche's journey along the Xinjiang-Tibet route features desolate regions with extreme weather and road conditions.
Tesla, Saudi Arabia in early talks for EV factory
Saudi Arabia is in early talks with U.S. electric automaker Tesla to set up a manufacturing facility in the kingdom, the Wall Street Journal reported on Monday, citing sources familiar with the matter.
American Battery Factory to integrate Honeywell tech in gigafactory in Arizona.
New Delhi: Honeywell Monday announced that American Battery Factory (ABF), a Lithium Iron Phosphate (LFP) battery cell manufacturer, is fully integrating Honeywell’s automation and process safety solutions in its new gigafactory in Tucson, Arizona.
Mercedes-Benz threatened with recalls over defeat devices
Mercedes-Benz could face another wave of recalls after German transport authority KBA deemed inadmissible defeat devices installed in some of its vehicles, in a letter leaked by a whistleblower to environmental NGO Deutsche Umwelthilfe (DUH).
Tesla Gigafactory in Turkey? Turkish President invites Elon Musk to build EV manufacturing facility
It cited Musk as saying that many Turkish suppliers are already working with Tesla and that Turkey was among the most important candidates for its next factory. Tesla did not immediately respond to requests for comment. Erdogan and Musk were speaking during a meeting at Turkish House, a skyscraper near the United Nations in New York, Turkey's state-owned Anadolu news agency reported.
Refrigerated trucks may give Singapore startup edge into China EV market
Fully electric refrigerated trucks for delivering food and pharmaceuticals are expected to give a Singapore-based startup the edge to crack into the crowded Chinese electric vehicle (EV) market.
France to allow loss-making petrol sales to bust fuel inflation
France will lift a ban on below-cost sales to bring down fuel prices, Finance and Economy Minister Bruno Le Maire said Monday, hoping to soothe consumers' inflation anxieties.
China's diesel exports surge in August, have nearly tripled so far in 2023
China's diesel exports in August surged from a year earlier and have nearly tripled so far in 2023 compared to the same time a year ago, data showed on Monday, as refiners take advantage of strong regional refining margins to ship fuel overseas. Exports of diesel, the biggest fuel by share of refinery output, last month totalled 1.26 million metric tons, up 51.5% from last year's 830,000 tons, data from the General Administration of Customs showed. Total diesel exports for the first eight months of the year are up 197.2% versus the same period in 2022.
China EV adviser sees tech tie-ups resolving EU trade conflicts
China's auto industry should seek solutions to trade conflicts by deepening ties with European peers via technology partnerships, a Chinese policy adviser said after the European Commission started a probe into China's electric vehicle subsidies.
What's at stake as 13,000 workers go on strike at major US auto makers
About 13,000 auto workers have walked off the job at three targeted factories after their union leaders couldn't reach a deal with Detroit's automakers.
Startups with electric vans race to fill demand for zero-emissions delivery
A clutch of European and U.S. delivery company startups is racing to serve the growing market for offering zero-emission, electric last-mile deliveries in cities to retailers and consumers before giant shippers do the same.
📝 Ford faces strike in Canada if a deal is not reached with union
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