Auto Industry
car&bike Team
Aug 4, 2021, 11:02 PM
General Motors Co on Wednesday swung to a second-quarter profit from a loss last year when the COVID-19 pandemic shut operations and raised its full-year forecast despite an $800 million hit from the recalls of the Chevrolet Bolt electric vehicle.
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car&bike Team | Aug 4, 2021Toyota, Honda Beat Profit Estimates But Are Wary Of Extended Chip CrunchToyota Motor Corp posted a record quarterly profit on Wednesday and Honda Motor Co raised its annual profit estimate as pandemic-hit sales rebounded, but the automakers saw no end in sight to the global chip shortage.1 min read
car&bike Team | Aug 4, 2021Indian Carmakers Seek Extra Year To Meet Fuel Efficiency Rules: ReportIndian automakers are seeking an extra year to meet tighter rules on fuel efficiency, aimed at reducing carbon emissions, as the companies reel from the financial impact of COVID-19, sources told Reuters.1 min read
car&bike Team | Aug 4, 2021BMW Says Chip Shortage, Raw Material Prices To Hit Second HalfBMW raised its 2021 profit forecast on Tuesday after strong quarterly results, but said the global semiconductor chip shortage and rising raw materials prices would hurt its performance in the second half of the year.1 min read
Sameer Contractor | Aug 4, 2021India's Team Averera Wins The First Shell Eco-Marathon Virtual League ChampionshipTeam Averera from the Indian Institute of Technology BHU garnered 1498 points throughout the 2021 season beating over 200 teams to the title globally.1 min read
PTI | Aug 4, 2021E-Vehicles Exempted From Registration Certificate FeesThe Ministry of Road Transport and Highways on Tuesday said it has issued a notification to exempt battery operated vehicles from the payment of fees for issue or renewal of registration certificate.1 min read
car&bike Team | Aug 4, 2021China's Electric Vehicle Makers Report Strong July SalesElectric vehicle sales at China's Li Auto and Xpeng Inc more than tripled in July from a year ago, while they doubled at Nio Inc, helped by robust demand for new energy automobiles in the world's biggest auto market.1 min read
Seshan Vijayraghvan | Aug 3, 2021Stellantis Announces Multiple New Leadership Appointments in IndiaJust days after appointing new business heads for the Citroen and Jeep brands in India, Stellantis, the multinational automotive corporation formed with the merger of FCA and Groupe PSA, has now made several new leadership appointments in India.1 min read
Charanpreet Singh | Aug 3, 2021Omega Seiki Mobility Signs MoU To Set Up EV Manufacturing Facility In Uttar PradeshAs a part of this collaboration, the Omega Seiki Mobility will invest Rs. 100 crore in the state, and will also be creating 10,000 jobs in the next two years in Ghazipur.1 min read
