The revised forecast encompasses an estimated USD 1.7 billion in lost profits directly attributable to the strike.
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INDUSTRY NEWSLatest News
SAIC Motor, JSW Group forge strategic joint venture for MG Motor in India
by Biplab Dasby Biplab DasThe primary objective of the joint venture is to leverage strategic synergies, combining resources in the fields of automobiles and new technology.
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INDUSTRY NEWSLatest NewsLuxury Cars
Ford announces partnership with energy providers to enhance EV charging
Ford’s in-house research indicates that up to 87% of Mustang Mach-E drivers charge their vehicle at home and that the cost of energy used is …
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The world record was achieved by the 911 balloon for being the ‘largest inflatable vehicle’ on Earth. It measured almost 20 metres in length.
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General Motors plans significant reductions in EV production costs by 2024, emphasising higher-margin models for increased profitability, with a commitment to achieve mid single-digit earnings …
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Volvo has revised its goal to reach carbon neutrality. Under the revised program, the Swedish carmaker aims to reduce CO2 emissions per car by 75% …
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The first 911 Turbo was commissioned for Louise Piëch, daughter of Ferdinand Porsche, and given to her on her 70th birthday.
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INDUSTRY NEWSLatest News
Mercedes-Benz and BMW forge partnership to boost high-power charging network in China
by Biplab Dasby Biplab DasMercedes-Benz, a renowned German automaker, unveiled the ambitious plan, highlighting the establishment of at least 1,000 high-power charging stations in China.
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Texas-based Hennessey Performance has taken a standard 681bhp Cadillac Escalade-V and turned it up to 11!
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Mercedes-AMG has announced the dates for the Ice Experience program, which lets the participants slide the AMG models on a frozen lake and giggle like …