This move comes as both Britain and the EU grapple with challenges in the EV sector, and the EU aims to fortify its battery manufacturing …
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INDUSTRY NEWSLatest News
Renault unveils ambitious cost-cutting strategy and expansion plans
by Biplab Dasby Biplab DasRenault aims to achieve a substantial reduction in production costs per vehicle between the present and 2027.
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INDUSTRY NEWSLatest News
Ford’s Mustang Mach-E faces tax credit uncertainty
by Biplab Dasby Biplab DasFord is evaluating whether its F-150 Lightning EV truck will continue to qualify for tax credits post-January.
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INDUSTRY NEWSLatest News
PensionDanmark divests Tesla holdings over labour union dispute
by Biplab Dasby Biplab DasExpressing their limited influence over Tesla’s labour practices, PensionDanmark deems divestment as a strategic move.
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Featuring bespoke paintwork, the handcrafted Lamborghini celebrates the brand’s 60th anniversary. It will debut at Art Basel Miami Beach 2023 on 8th December.
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INDUSTRY NEWSLatest News
Volkswagen targets 20% reduction in administrative staff costs
by Biplab Dasby Biplab DasVW’s management revealed plans for a 20% reduction in administrative staff costs, emphasising a shift towards partial and early retirement instead of layoffs.
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INDUSTRY NEWSLatest News
Renault’s alliance with Nissan and Mitsubishi sees strategic investment in Ampere
by Biplab Dasby Biplab DasNissan and Mitsubishi have committed substantial investments in Ampere, with Nissan contributing up to 600 million euros and Mitsubishi allocating 200 million euros.
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The THK LSR-05 is a fully functioning electric vehicle prototype developed to showcase the company’s key technologies, such as in-wheel motors and wireless charging.
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The Revuelto is the much-awaited successor to Lamborghini’s outgoing V12 flagship, the Aventador, and it has made its India debut at an eye-watering price of …
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INDUSTRY NEWSLatest News
Indian auto sales surge in November 2023: a look at the numbers
by Biplab Dasby Biplab DasThe Indian automotive industry reported a year-on-year (YoY) growth of 18.46% in total vehicle sales, reaching a total of 28,54,242 units.