The revised forecast encompasses an estimated USD 1.7 billion in lost profits directly attributable to the strike.

The primary objective of the joint venture is to leverage strategic synergies, combining resources in the fields of automobiles and new technology.

Mercedes-Benz, a renowned German automaker, unveiled the ambitious plan, highlighting the establishment of at least 1,000 high-power charging stations in China.

The IPO, valued at 500 rupees, catapulted to a debut price of 1,200 rupees, reaching as high as 1,400 rupees.

According to the survey, hybrid vehicles exhibited fewer issues compared to gasoline-powered vehicles, while plug-in hybrids faced a notable 146% increase in problems.

Despite falling short of pre-pandemic levels exceeding 1.5 mn cars, the sector’s recovery is attributed to resolved supply chain issues and a swift transition to …

This potential investment follows a trend observed among manufacturers from allied nations, all looking to bolster their manufacturing capabilities in the U.S.

The initial tranche, concluding on February 20, will involve the auctioning of 20 blocks, representing the commencement of a larger plan encompassing 100 blocks.

The decision aligns with the backdrop of ongoing volatility in global financial markets, contributing to an uncertain IPO environment.

The move comes as GM adjusts its financial strategy following the recent auto workers’ strike and decreased profit expectations.