September 25, 2017

Volvo Cars electrification strategy recognised by UN

Volvo Cars, the premium car maker, has been recognised by the UN for its ground-breaking electrification strategy in the latest report from the UN’s Global Compact, the world’s largest corporate sustainability initiative.

The report, launched at the Global Compact’s"...

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September 23, 2017

Volkswagen chairman doesn't rule out outsider as next CEO...

Volkswagen has not ruled out breaking with company tradition and appointing an outsider as its next chief executive, Chairman Hans Dieter Poetsch said. Current CEO Matthias Mueller, whose contract runs through 2020, has been with the Volkswagen (VW) group for nearly 40 years, including in senior roles at premium divisions Audi and Porsche. Several investors criticised his appointment, which came at the height of the German carmaker's diesel emissions scandal in September 2015, saying it should have hired a new leader from outside the......

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September 23, 2017

Tesla denies claims that it tried to block unionizing effort...

Tesla Inc. is denying claims that it threatened to fire pro-union workers at its Fremont, California, factory and tried to prevent them from passing out union literature. The National Labor Relations Board filed a complaint against Tesla earlier this month, citing multiple incidents in which Tesla security guards allegedly refused to let off-duty employees hand out leaflets about the United Auto Workers union near the doors of the company's factory. Tesla workers further allege that they were prohibited from discussing worker safety......

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September 20, 2017

Tata Sons buys big chunk of shares in group firms

Tata Sons held 22.64 per cent in Tata Global Beverages as on June 30, 2017. With this acquisition, Tata Sons' stake in Tata Global has risen to 29.48 per cent. Tata Sons, the holding company of the Tata Group, has pumped in around Rs 5,383 crore in various group companies such as Tata Motors, Tata Global Beverages and Tata Steel as it seeks to disentangle cross-holdings of group companies and simplify structures. The removal of crossholdings, a part of the Tata Sons chairman N Chandrasekaran's initial strategy, will give cash......

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September 20, 2017

Tesla shares fall from record high after warning from analyst...

Shares of Tesla fell from record highs on Tuesday after an analyst warned that the electric car maker may take longer than expected to become profitable. Jefferies analyst Philippe Houchois launched coverage of Tesla with an 'underperform' rating, helping send shares of the company headed by entrepreneur billionaire Elon Musk down 2.17 percent to $376.74 after closing at a record high the day before. 'Achievements to-date and vision are impressive, but we don't think Tesla's vertically integrated business model can......

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September 19, 2017

Hyundai discontinues its seven-seater SUV Santa Fe

Indian arm of South Korean carmaker Hyundai Motor Indian (HMIL) has discontinued its sole seven-seater SUV Santa Fe due to low sales from the Indian market.

The industry experts believe that the recent change in GST cess on SUVs has strongly contributed to the decision. The"...

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September 18, 2017

Five trends at the Frankfurt auto show

At this year’s Frankfurt International Motor Show (IAA), automakers are pulling out all the stops to dazzle visitors with cars that are greener, smarter and faster than ever.

Here are some of the highlights"...

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September 18, 2017

Renault-Nissan-Mitsubishi alliance aims new launches from...

Franco Japanese auto alliance Renault Nissan Mitsubishi on Friday announced an ambitious six-year plan under which it aims to double annual benefit from synergies to 10 billion euros by 2022. Under its Alliance 2022 plan, the three member companies aim to collectively launch 12 electric vehicle (EV) models and 40 other vehicles with different levels of autonomous driving (AD) technologies. 'Today marks a new milestone for our member companies. By the end of our strategic plan Alliance 2022, we aim to double our annual synergies to 10 billion euros,' Carlos Ghosn, chairman and CEO of the Alliance, said in a statement. He further said......

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September 17, 2017

MAXION Flexible Wheel with MICHELIN ACORUS Technology

(AETOS Wire)-- Innovation has always been part of Michelin’s genetic code – driving mobility and tire developments for more than 100 years. Now with MICHELIN ACORUS Technology, in partnership with Maxion Wheels, Michelin is reinventing"...

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September 14, 2017

Ford self-driving test van 'talks' to pedestrians via light...

Ford Motor Co and Virginia Tech Transportation Institute are testing a way to enable self-driving vehicles to communicate their movements visually to pedestrians, cyclists and to human drivers, the researchers said on Wednesday. The new communications method, which uses simple light signals to depict whether a self-driving vehicle is slowing or accelerating, has the potential to become a universal industry standard in all countries, Ford and VTTI researchers said. The automaker set out to find 'a way to replace the head nod or hand......

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