Schaeffler AG made an unsolicited tender offer for Vitesco Technologies Group AG, valuing the company at €91 per share.
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Volkswagen’s CEO Oliver Blume believes that a sub-20,000 euros electric car can come to the market by the second half of this decade.
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French automobile manufacturer Renault is targeting sales one million electric vehicles by 2031, translating to a revenue of 25 billion euros.
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Ferrari announces workforce expansion and employee-centric initiatives for 2024
Ferrari plans to bolster its workforce with the recruitment of 250 new employees in the initial six months of 2024.
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INDUSTRY NEWSLatest News
UAW announces resolution as Mack Truck workers approve new five-year contract
by Biplab Dasby Biplab DasThe resolution follows the rejection of an earlier tentative deal and marks a significant development in the ongoing negotiations between the UAW and Mack Trucks.
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It’s been 41 years since F1 last raced in Las Vegas! So, to celebrate the comeback of this iconic venue to the F1 calendar, the …
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Vatican City partners with Volkswagen for green transition
by Biplab Dasby Biplab DasAs part of the agreement, the Vatican intends to establish a comprehensive network of electric charging stations within its confines and Rome-based properties.
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Labour strife in Sweden amplifies pressure on Tesla
by Biplab Dasby Biplab DasGrowing demands for collective bargaining echo across Tesla’s service network in Sweden.
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Hyundai has revealed its first all-electric N performance model — the Ioniq 5 N. Sharing underpinnings with the Ioniq 5, the N brings a new …
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Tesla prevails in Appeals Court ruling on employee dress code
by Biplab Dasby Biplab DasThe court argued that Tesla’s requirement for all employees to wear company-issued shirts, while allowing union stickers, made its uniform policy lawful.