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Volkswagen Group is shelling out close to $1B in bonuses to lean down staff, compete with China
One day after posting a significant drop in Q1 profits, Volkswagen Group is looking to trim down its administrative staff ...

EV market share sags in California, though EV sales are up
It’s a complicated time for the nation’s largest EV market. California EV sales increased in the first quarter of 2024, ...
Hyundai Creta commands 50% of carmaker’s total order book of 70,000 units in India | Autocar Professional
Hyundai Motor India (HMI), which is the second-largest carmaker in the country and clocked sales of 50,201 units in April ...

Exide Industries Q4 Results: Firm beats profit view on higher demand – ET Auto
Exide’s standalone profit after tax rose 36.6% from a year ago to 2.84 billion rupees (USD 34 mn) in the ...

Pedego launches three new ‘groundbreaking’ e-bikes including Moto, Cargo, and Trike
Pedego, one of the earliest electric bike brands to enter the US market well over a decade ago, has announced ...

Toyota “hydrogen headquarters” will develop US fuel-cell products
Toyota has big hopes for hydrogen, and it’s backing that up with a braintrust. The automaker announced Wednesday that it’s ...

Toyota Establishes Hydrogen Headquarters to Accelerate Advancement of Fuel Cell Technology – Toyota USA Newsroom
All materials on this site are for editorial use only. The use of these materials for advertising, marketing or any ...

In the driver’s seat of driverless cars – ET Auto
Musk has been struggling to lay his hands on enormous amounts of data to feed AI in cars to be ...

Chipmaker AMD narrowly beats first-quarter revenue estimates – ET Auto
It reported revenue of USD 5.47 billion for the first quarter, compared to analysts’ average estimate of USD 5.46 billion. ...
VECV’s domestic wholesales drops by 20.3% YoY in April 2024 | Autocar Professional
The light and medium duty bus contributed 1,253 unit wholesales in April 2024, a 14.2% drop when compared with 1,461 ...