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Dec 31, 2022, 11:07 AM
The German carmaker's management and works council struck an agreement on restructuring the site in southwestern Germany, which also foresees a 20% reduction in fixed costs by 2025 compared with 2019 and workforce cuts, the report said, citing company sources.
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Reuters | Dec 31, 2022South Korean Truckers' Strike Cost $1.2 Billion In Lost ShipmentsDisruptions to the country's supply chain expanded on Thursday, the eighth day of the nationwide strike by more than 20,000 truckers, as the government prepares to order more of them back to work.2 mins read
Reuters | Dec 31, 2022Analysis: Retailers Turn To Robots In Cost Inflation FightWhile retail has been slower to adopt automation than sectors such as autos and electronics, it has been picking-up the pace - from the introduction of basic self check-out tills in stores to the use of robots and AI in supply chains.5 mins read
Reuters | Dec 31, 2022Tesla Plans To Ramp Up Model Y Production From Giga Texas In 2023: ReportThe electric-vehicle manufacturer is currently preparing to roll out 75,000 Model Y vehicles from Gigafactory Texas in the first quarter of 2023, according to the report.1 min read
Reuters | Dec 31, 2022Oil Slides Over 3% On Russian Price Cap Talks, U.S. Gasoline BuildOil prices fell more than 3% continuing a streak of volatile trading, as the Group of Seven (G7) nations considered a price cap on Russian oil above the current market level.2 mins read
Reuters | Dec 31, 2022Proposed G7 Oil Price Cap To Have Little Immediate Impact On Russian RevenueG7's proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow's revenues, as it is broadly in line with what Asian buyers are already paying.2 mins read
Reuters | Dec 31, 2022Turkish Strikes Hit Oil Installations In Northern Syria - ReportTurkish drones are targeting key oil installations run by the Kurdish-led Syrian Democratic Forces (SDF) in northeast Syria.2 mins read
Reuters | Dec 31, 2022Russia Says It Won't Accept Oil Price Cap And Is Preparing ResponseRussia "will not accept" a price cap on its oil and is analysing how to respond, the Kremlin said.2 mins read
Reuters | Dec 31, 2022Bosch To Beat Forecasts, Double Down On India - ReportBosch is set to earn more than 87 billion euros in revenues in 20221 min read
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Car News
car&bike Team | May 23, 2023Citroën Launches C3 Hatchback In NepalThe C3 hatchback is being exported to Nepal from India.2 mins read
Sidharth Nambiar | May 22, 2023Mercedes-AMG SL55 India Launch Confirmed For June 22The SL range is one of Mercedes-Benz’s most acclaimed range of open-top sportscars and gained quite a fan-following in India when it was sold here.2 mins read
Jafar Rizvi | May 22, 2023Tata Altroz iCNG Launched In India; Prices Start At Rs 7.55 LakhIntroductory prices for the Altroz iCNG start at Rs 7.55 lakh and go up to Rs 10.55 lakh (ex-showroom, India).3 mins read
Sidharth Nambiar | May 22, 2023Maruti Suzuki Jimny Fuel Efficiency Figures RevealedThe Jimny will be sold from Maruti's Nexa outlets, and is expected to go on sale early in June 2023.1 min read
car&bike Team | May 22, 2023Tesla Unveils Model S Plaid Track PackagePlaid Track Package for its Model S sedan, which claims to unlock a top speed of 200 mph at $20,0001 min read
Electric Mobility
Seshan Vijayraghvan | Oct 22, 2020Piaggio Launches The Ape E-City Electric Auto In Thiruvananthapuram And KozhikodePiaggio India has launched its all-electric three-wheeler, the Ape E-City, in Thiruvananthapuram and Kozhikode, in Kerala.1 min read
car&bike Team | Oct 22, 2020Tesla CyberTruck To Get "Lots Of Improvements" Says MuskTesla has been making many improvements to the original design since the CyberTruck broke cover last November1 min read
car&bike Team | Oct 22, 2020LG Chem Working On Triple Cylindrical Cell BatteriesIt is considered to be something of a necessity for competitiveness in terms of range.1 min read
car&bike Team | Oct 22, 2020Cruise, GM To Seek U.S. Okay For Self-Driving Vehicle Without Pedal, Steering WheelUnder current law, companies can seek an exemption from motor vehicle safety standards for up to 2,500 vehicles for up to two years that do not meet existing federal rules.1 min read
Sameer Contractor | Oct 21, 2020Hero Electric Nyx-HX Commercial Electric Scooter Launched With A Range Of 210 KmThe Hero Electric Nyx-HX e-scooter series has been designed for commercial applications and can be customised to suit different applications. The entry-level variants offer a range of 82 km on a single charge, which can be extended to 210 km on the higher variants of the e-scooter.1 min read
Auto Industry
Ameya Naik | Jun 27, 2021Uber CEO Makes Deliveries For Uber Eats In San Francisco; Twitteratis Slam It As A PR StuntWhile it was great to see the CEO of the company getting into the groove and making deliveries, Twitter absolutely erupted calling this a 'PR stunt'.1 min read
Reuters | Jun 27, 2021Toyota-Backed Self-Driving Startup Pony.ai Considers Going PublicThe startup, active in the United States and China, plans to install its technology in hundreds of vehicles next year, rising to tens of thousands in 2024-2025.1 min read
Reuters | Jun 27, 2021Oil Settles Up Near 3-Year Highs On Signs Of Demand GrowthData from Germany showed the largest upward leap in retail conditions since German reunification more than three decades ago, stoking expectations European fuel demand will recover.1 min read
Charanpreet Singh | Jun 27, 2021MG Motor India To Launch Second Electric Vehicle In Next 2 Years: ReportMG Motor India is likely to launch a new affordable electric vehicle in the country over the next two years, which would be priced under Rs. 20 lakh.1 min read
Sameer Contractor | Jun 27, 2021BharatBenz Introduces 'BSafe' Features On Bus Range To Prevent COVID-19 InfectionThe BharatBenz buses will get hands-free doors, sanitisers, and temperature sensors, which the company says will help revive the demand for passenger buses.1 min read
Reuters | Jun 27, 2021India Again Urges OPEC To Phase Out Oil Output CutsEarlier this year New Delhi repeatedly blamed oil output cuts by Saudi Arabia and other major producers for driving up crude prices as its economy tries to recover from the pandemic.1 min read
Charanpreet Singh | Jun 27, 2021Fuel Prices Hiked For Second Straight Day; Diesel Crosses Rs. 100/Litre Mark In AnuppurPetrol and diesel prices have touched all-time highs across the country. In Anuppur district of Madhya Pradesh, petrol and diesel have crossed Rs. 109-mark and Rs. 100-mark. Currently, petrol is priced at Rs. 109.29 a litre while diesel stood at Rs. 100.02 a litre.1 min read
Ameya Naik | Jun 27, 2021Local Motors And Protean Electric Extend Strategic Partnership For Adoption of Olli Electric Autonomous VehiclesUnder this significant new order, Protean Electric will deliver thousands of its ProteanDrive in-wheel motors (IWMs) to power Local Motors' Olli 2.0 electric autonomous shuttles, accelerating the rollout of the state-of-the-art vehicles around the world.1 min read
Charanpreet Singh | Jun 26, 2021FAME II Scheme For Electric Vehicles Extended Till March 2024The Indian government has decided to further extend the second phase of the FAME India scheme for two years till March 2024.1 min read