Employees opting for the voluntary departure package are expected to conclude their service by the end of December.
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INDUSTRY NEWSLatest News
Mixed verdict emerges as Ford workers divided on tentative labor agreement
by Biplab Dasby Biplab DasA notable 55% of production workers at Ford’s Louisville assembly and Kentucky truck plants voted against the tentative labor agreement.
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INDUSTRY NEWSLatest News
Hyundai follows suit, announces 25% wage hike at Alabama plant
by Biplab Dasby Biplab DasThis decision closely follows similar moves by other major players in the industry, including Toyota Motor and Honda Motor.
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INDUSTRY NEWSLatest News
Exxon Mobil unveils plans for Lithium production by 2027
by Biplab Dasby Biplab DasExxon’s strategic move into lithium production aligns with the global shift towards electric mobility.
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Volvo Cars India has silently pulled the plug on the XC40 petrol, leaving the XC40 Recharge on sale alongside the newly launched C40 Recharge.
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From new products and innovations to collaborations and technology developments, the inaugural Polestar Day had a lot in store for everyone. We take a look …
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Scania faced legal action from a German motor vehicle parts trade association, alleging the withholding of vehicle identification numbers violated EU privacy rules.
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INDUSTRY NEWSLatest News
Zeekr intelligent plans NY stock debut, reveals widened H1 losses
by Biplab Dasby Biplab DasZeekr’s parent, Geely, experienced a share drop of over 2.5% as news of the IPO filing circulated.
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Ashok Leyland has announced its plan to invest INR 1200 crore into its electric mobility arm — Switch Mobility. The funds will be used for …
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INDUSTRY NEWSLatest News
Waymo, Zoox under fire as unions demand driverless car investigation
by Biplab Dasby Biplab DasAccording to the unions, driverless vehicles are currently deemed to be unsafe and unsustainable.