July 26, 2017

Car companies, Ola approach state governments to introduce...

Taxi aggregators, auto makers and component companies are betting big on India’s electric vehicle market, with ambitious plans to fit battery-powered systems in taxis, auto-rickshaws and buses with attractive funding"...

Read More >
July 25, 2017

Mercedes commits to Formula E, to leave DTM

Mercedes will leave the German Touring Car (DTM) championship at the end of next year and enter the electric Formula E series in the 2019/20 season, the carmaker announced on Monday. Mercedes, whose Formula One team have been world champions for the past three seasons, said in a statement that it was carrying out a 'strategic repositioning of its motorsport activities'. 'This new approach will see Mercedes-Benz competing at both ends of the motorsport spectrum,' it added. 'In Formula One, the pinnacle of motorsport......

Read More >
July 24, 2017

Grand tourer Ferrari GTC4Lusso India launch on August 2

Ferrari is going to launch its four-seater grand tourer, the GTC4Lusso, in India on August 2. The car made its global debut at the Geneva Motor Show last year. The grand tourer segment is defined by performance, luxury cars capable of relaxed long-distance driving. Along with a comfortable seating for four, the Ferrari GTC4Lusso offers a boot space of 450-litre. Powered by a naturally aspirated 6.3-litre, V12 engine, the Italian supercar offers a power of 690PS and 697Nm of torque. The motor comes mated to a seven-speed dual-clutch transmission......

Read More >
July 23, 2017

Porsche may ditch diesel engines: CEO

Porsche will decide at the end of the decade whether its latest generation of diesel engines will be its last, Chief Executive Oliver Blume told Reuters, the first time a German carmaker has said in public it could discontinue diesel. Volkswagen's cheating on diesel emissions tests has cast a shadow over its Porsche division and the sports car brand, which first introduced diesel in its Cayenne sports utility vehicle (SUV) in 2009, is considering its options. 'Of course we are looking into this issue,' CEO Blume said in an......

Read More >
July 22, 2017

Uber could one day end up like Yahoo

Yahoo started as a pioneer and wound up a mere holding company. Uber Technologies could be embarking on the same path. In the heady days of 1999, Yahoo's market value soared beyond $100 billion. Last month, the company offloaded the last vestiges of its online business to Verizon Communications for $4.5 billion. What's left under the rebranded $56 billion Altaba is stakes acquired long ago in Jack Ma's Chinese e-commerce goliath Alibaba and Yahoo Japan, along with about $11 billion of net cash. Meanwhile, legal and regulatory......

Read More >
July 20, 2017

Together for Safer Roads Names David Braunstein As President ...

(ME NewsWire)-- Together for Safer Roads (TSR), a coalition of global private sector companies, announced today that David Braunstein will join TSR as president on July 24. Braunstein is a seasoned business leader with deep global and emerging"...

Read More >
July 18, 2017

GM extends shutdown at Chevy Bolt plant as inventories swell...

General Motors Co has extended a shutdown at the Michigan factory that builds the new Chevrolet Bolt electric car as part of a broader effort to get control of bulging inventories of unsold vehicles in the United"...

Read More >
July 17, 2017

Will GST Change Automakers’ Interest in Tax Free Zones...

Around 2007-08, states like Uttarakhand and Himachal Pradesh had granted complete excise tax exemptions to companies for establishing their manufacturing bases there. The aim was to develop these regions that were largely untapped. Consequently, thousands of crore of investments flowed into these states as companies flocked to avail the 10 year tax breaks. Among those who joined this melee, were commercial vehicle manufacturer Ashok Leyland as well as Tata Motors who set up their plants in Pantnagar in Uttarakhand. Similarly, Mahindra......

Read More >
July 17, 2017

New BORGWARD Manufacturing Facility in Germany to Benefit...

BORGWARD Group AG, the global automotive manufacturer, has unveiled details of its new production facility in Germany that, in the future, will supply automobiles to key global markets including the Middle East.

The"...

Read More >
July 16, 2017

Petronas extends Mercedes title sponsorship

Malaysian state oil and gas firm Petronas has signed a multi-year extension to its title sponsorship of Formula One champions Mercedes despite Malaysia dropping off the race calendar after this season, the team said on Saturday. The deal was signed at the end of last year but kept under wraps by both parties. 'We intend to stay the course,' Petronas president and group chief executive Wan Zulkiflee Wan Ariffin said in a statement at the British Grand Prix. 'With new rules and regulations for this year, and many new things......

Read More >
Found articles: - Pages