Harley-Davidson beat profit expectations for the fourth quarter as it focused on selling fewer bikes at higher prices to boost margins.
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INDUSTRY NEWSLatest News
Biden administration mulls import restrictions on Chinese smart cars
by Biplab Dasby Biplab DasThe contemplated import restrictions are aimed at bolstering data security measures concerning smart cars entering the United States.
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Euler Motors will manufacture the units at its production hub at Palwal, Haryana and deliver them within the next 18 months.
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The contract will build on General Motors plan to create a strong, sustainable battery electric vehicle or EV supply chain to support its EV production …
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Tesla initiates internal review of employee roles, fueling speculation of layoffs as CEO Elon Musk warns of slowing sales growth.
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INDUSTRY NEWSLatest News
Uber forecasts strong core profit amidst increased ride share and food delivery demand
Uber Technologies reports strong financial results for the holiday quarter, including its first annual net profit.
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Following a recent collision with an autonomous driving unit, various unions and safety advocates have called for industry-wide probes into driverless vehicles.
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INDUSTRY NEWSLatest News
India to lead global oil demand growth by 2030: IEA report
by Biplab Dasby Biplab DasThe IEA anticipates that India will witness a substantial increase in oil demand, with a projected rise of nearly 1.2 million barrels per day (bpd) …
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INDUSTRY NEWSLatest News
China’s new energy vehicle sales experience sharp decline amidst market shifts
by Biplab Dasby Biplab DasChina’s new energy vehicle (NEV) sales witnessed a significant drop of 38.8% compared to the previous month, marking the first decline since August 2023.
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INDUSTRY NEWSLatest News
Ford shares surge on increased cash returns to shareholders
by Biplab Dasby Biplab DasFord forecasted a pretax profit of USD 10 billion to USD 12 billion for 2024, building on its previous year’s earnings of USD 10.4 billion …