General Motors Co on Wednesday boosted its spending on electric and autonomous vehicles, pulled ahead plans for two U.S. battery plants and forecast stronger-than-expected second-quarter profits.
Future production at Melfi will be based on a single enhanced production line that will merge the two existing ones, the union said, adding the restructuring will leave production capacity at the site unchanged at around 400,000 units.
With the latest revision, petrol and diesel prices have touched new all-time highs across the country. In Bengaluru, petrol is inching towards Rs. 100 per litre mark, currently retailing at Rs. 99.89 per litre.
With multiple product launches planned including the much-awaited Skoda Kushaq, Skoda Auto India plans to expand its network to 150 outlets by the end of 2021.
Car makers Ford Motor Co and Nissan Motor Co Ltd, conglomerates LG Corp and Samsung, and start-ups Britishvolt and InoBat Auto are in talks with the British government or local authorities.
General Motors Co will supply electric batteries and hydrogen fuel cell systems for rail supplier Wabtec Corp's locomotives, in a move extending the No. 1 U.S. automaker's reach outside the automotive sector.
