The move comes in response to a series of reports citing engine failures that allegedly result in a loss of motive power with no capacity …
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Author: Biplab Das
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INDUSTRY NEWSLatest News
Nordic investors urge Tesla to reconsider stance on labour unions amid growing concerns
by Biplab Dasby Biplab DasThe group of Nordic investors emphasized their concern over the conflict, highlighting the effectiveness of the Swedish labour market model that has facilitated the thriving …
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INDUSTRY NEWSLatest News
Tesla secures USD 153 mn incentives for Mexican factory in Nuevo Leon
by Biplab Dasby Biplab DasOne significant aspect of the incentives is a reduction in Tesla’s payroll tax, showcasing the state’s eagerness to facilitate the automaker’s investment in the region.
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INDUSTRY NEWSLatest News
Cruise implements restructuring with workforce reduction
by Biplab Dasby Biplab DasThis decision comes in the aftermath of operational challenges faced by Cruise, including a recent accident that prompted a suspension of testing in the U.S.
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INDUSTRY NEWSLatest News
GM announces layoffs at Michigan plants amidst production shifts
by Biplab Dasby Biplab DasGM’s disclosure in October about the delay in electric pickup truck production at the Orion plant has broader implications, leading to these layoffs.
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Latest NewsNEW LAUNCHES
Kia gives 2024 Sonet the Seltos treatment; gets ADAS and more safety features
by Biplab Dasby Biplab DasResponding to customer needs, Kia has reintroduced the Manual Transmission to all variants with Diesel powertrain.
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INDUSTRY NEWSLatest News
South Korea unveils USD 29 bn plan to bolster battery industry over next 5 years
by Biplab Dasby Biplab DasThe initiative aims to enhance the capabilities of the country’s battery industry and reduce dependence on foreign sources.
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INDUSTRY NEWSLatest News
Japan unveils 10-year tax incentives to supercharge key industries
by Biplab Dasby Biplab DasAt the forefront of the tax incentive plan is the electric vehicle (EV) production sector.
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INDUSTRY NEWSLatest News
Indonesia introduces tax incentives to boost EV manufacturing
by Biplab Dasby Biplab DasThe number of vehicles companies can import under these incentives will be contingent on the size of the investment and the developmental progress of the …
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INDUSTRY NEWSLatest News
EV charging companies engage in intense competition for prime locations
by Biplab Dasby Biplab DasAs the EV charging sector gains momentum, companies are strategically positioning themselves to secure the best locations for their charging stations.