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TVS Jupiter launches its all new Grande edition
short by Roshan Gupta / on 03 Nov 2018,Saturday
TVS Motor Company has recently launched a special edition TVS Jupiter Grande. Available in a unique starlight blue colour at a starting price of ₹59,000, the scooter is equipped with best-in-class features including LED Tech headlamps, adjustable shock absorbers, digital-analogue speedometer and machined rim diamond cut alloy wheels.
short by Roshan Gupta / 01:12 pm on 03 Nov
Skoda introduces the L&K variant of the Kodiaq in India
short by Roshan Gupta / on 12 Nov 2018,Monday
Skoda has introduced the Laurin and Klement variant of Kodiaq in India, starting at ₹34,83,995. Powered by 2.0-litre diesel unit, the SUV generates 150PS power and 340Nm of torque. It comes with all-new Virtual Cockpit all-digital instrument cluster, nine airbags, rain-sensing wipers and 'Power Nap Package', which includes variable headrests for second row outer seats along with two blankets.
short by Roshan Gupta / 06:00 pm on 12 Nov
Nissan Chairman used firm’s assets for personal use, held: Report
short by Pragya Swastik / on 19 Nov 2018,Monday
Japanese carmaker Nissan's Chairman Carlos Ghosn was reportedly arrested on Monday after an investigation found that he used the company's assets for personal use. Carlos was also found to have committed several other "significant acts of misconduct", Nissan said. Ghosn and Representative Director Greg Kelly also under-reported their salary amounts in the Tokyo Stock Exchange securities report, the company added.
short by Pragya Swastik / 04:53 pm on 19 Nov
Volkswagen introduces the Connect edition on Polo, Ameo and Vento
short by Roshan Gupta / on 12 Nov 2018,Monday
Volkswagen recently launched Volkswagen Connect, an intelligent connected vehicle assistance system across its popular carlines – Polo, Ameo and Vento. The Volkswagen Connect enables an enhanced driving experience with road side assistance, parking locator, fuel monitor, driving statistics, and trip logbook. In a new Lapiz Blue colour, the Connect edition will be available to customers at no additional cost.
short by Roshan Gupta / 06:23 pm on 12 Nov
Musk replaced as Tesla's Chairman by Robyn with immediate effect
short by Pragya Swastik / on 08 Nov 2018,Thursday
Electric carmaker Tesla has announced Robyn Denholm will replace Elon Musk as the Chairman of the company's board of directors with immediate effect. Robyn will leave her Chief Financial Officer (CFO) post at Telstra and take over Musk's position, which he's been holding for 14 years. However, Musk will remain on the board as a director and Tesla CEO.
short by Pragya Swastik / 02:16 pm on 08 Nov
Indian who worked at Tesla charged for stealing ₹67 cr from company
short by Krishna Veera Vanamali / on 13 Nov 2018,Tuesday
Salil Parulekar, a 32-year-old Indian and a former Tesla employee, has been charged for allegedly stealing $9.3 million (₹67.5 crore) from the carmaker. He allegedly used his role to send money owed to one supplier to another supplier by posing as an employee of a Taiwanese supplier. It's not clear how or whether Parulekar benefitted from the alleged scheme.
short by Krishna Veera Vanamali / 08:29 pm on 13 Nov
Total workforce at Royal Enfield plant report to work, strike ends
short by Krishna Veera Vanamali / on 13 Nov 2018,Tuesday
Eicher Motors' two-wheeler brand Royal Enfield has said that entire workforce at its Oragadam facility, near Chennai, reported to work on Tuesday, bringing an end to the 50-day strike. Some workers had gone on strike demanding better wages, job security and a right to form unions. Royal Enfield suffered a production loss of 28,000 motorcycles due to the strike.
short by Krishna Veera Vanamali / 07:55 pm on 13 Nov
There is a 'good chance' Ford doesn't survive next recession: Musk
short by Krishna Veera Vanamali / on 03 Nov 2018,Saturday
Tesla CEO Elon Musk in an interview said that there is "good chance" Ford doesn't survive the next recession. Calling the car business "monumentally difficult", the 47-year-old added that Tesla and Ford were the only US automakers to stay out of bankruptcy during the last recession. "It is absurd that Tesla is alive. Absurd! Absurd," Musk further said.
short by Krishna Veera Vanamali / 04:59 pm on 03 Nov
Ford makes a profit in India for the first time in 10 years
short by Krishna Veera Vanamali / on 07 Nov 2018,Wednesday
Ford Motor Company has made a profit in India for the first time in a decade in the last financial year. Ford India, the US carmaker's unlisted Indian subsidiary, made a profit of ₹526 crore in 2017-18 compared with a loss of ₹521 crore a year ago. Ford accounts for less than 3% of total passenger vehicle sales in India.
short by Krishna Veera Vanamali / 05:37 pm on 07 Nov
Who is Tesla's new Chairman Robyn Denholm?
short by Krishna Veera Vanamali / on 08 Nov 2018,Thursday
US carmaker Tesla's new Chairman Robyn Denholm is currently the CFO of Australia's largest telco Telstra. Prior to joining Telstra in 2017, she had been Executive Vice President, and Chief Financial and Operations Officer of networking equipment maker Juniper Networks for 9 years. An Australian, Denholm has also worked for Sun Microsystems and held numerous finance management roles at Toyota.
short by Krishna Veera Vanamali / 05:35 pm on 08 Nov
Ashok Leyland CEO Vinod Dasari resigns from company after 14 yrs
short by Krishna Veera Vanamali / on 13 Nov 2018,Tuesday
India's second-largest heavy truck maker Ashok Leyland on Tuesday announced the resignation of its Managing Director and CEO Vinod K Dasari effective March 31 next year. He has worked at Leyland for nearly 14 years, first as Chief Operating Officer and then as CEO and MD. Dasari said he wished to pursue his personal interests and continue the "learning journey".
short by Krishna Veera Vanamali / 08:39 pm on 13 Nov
I don't believe in self-driving cars: Apple Co-founder Wozniak
short by Shifa Naseer / on 14 Nov 2018,Wednesday
Apple Co-founder Steve Wozniak in an interview on Tuesday said he doesn't believe in self-driving cars, while adding that, "I don't really believe it's quite possible yet". He further said he kept upgrading his Tesla car and then "gave up" on the idea of autonomous driving. "I said...it's really not going to happen," he added.
short by Shifa Naseer / 06:53 pm on 14 Nov
Tesla bought trucking companies to speed up deliveries: Musk
short by Mahi Chauhan / on 16 Nov 2018,Friday
Tesla bought trucking companies and secured contracts with "major haulers" to speed up deliveries of its Model 3 vehicles and avoid "trucking shortage mistake of last quarter", the electric carmaker's CEO Elon Musk said on Thursday. Musk added that Model 3 vehicles ordered in the US by the end of this month will be delivered by December 31.
short by Mahi Chauhan / 04:38 pm on 16 Nov
Aston Martin shows official images of its Valkyrie hypercar
short by Shifa Naseer / on 04 Nov 2018,Sunday
Automaker Aston Martin has revealed official images of its Formula 1-inspired Valkyrie hypercar which is said to be at around $3 million. Weighing at around 1130 kg, the hypercar comes with a 6.5-litre V12 engine that can give over 1,000 horsepower. The car reportedly aims to be the world's fastest production car and is scheduled for delivery in 2019.
short by Shifa Naseer / 06:21 pm on 04 Nov
Tesla will never make scooters as it lacks dignity: CEO Musk
short by Mahi Chauhan / on 03 Nov 2018,Saturday
Talking about Tesla's plans for upcoming products, the company's CEO Elon Musk has said that Tesla would never make a scooter as "It lacks dignity". "There was some people in the studio who wanted to make a scooter, but I was like, 'Uh, no'," he added. The electric carmaker's CEO further said that Tesla might make electric bikes.
short by Mahi Chauhan / 04:47 pm on 03 Nov
Aston Martin begins testing its first SUV prototype 'DBX'
short by Mahi Chauhan / on 14 Nov 2018,Wednesday
British luxury carmaker Aston Martin has begun 'real world' testing of the prototype of its first SUV in Wales, the company said on Wednesday. It also confirmed that the SUV has officially been named 'DBX'. "DBX is a very different kind of Aston Martin, but we'll be testing it in all conditions and...terrains," Matt Becker, the company's Chief Engineer said.
short by Mahi Chauhan / 08:08 pm on 14 Nov
Volkswagen being prepared to produce 50 million EVs: CEO
short by Shifa Naseer / on 12 Nov 2018,Monday
German automaker Volkswagen's CEO Herbert Diess on Monday said its electric vehicle platform and battery procurement plans are being prepared to handle production of 50 million vehicles. "We have bought batteries for 50 million vehicles," Diess added. However, a Volkswagen spokesperson said the number mentioned by Diess amounted to a theoretical long-term goal for its electric car platform.
short by Shifa Naseer / 08:41 pm on 12 Nov
Danish bike designer unveils electric vehicle concept
short by Mahi Chauhan / on 09 Nov 2018,Friday
Danish bikes and e-bicycle maker Biomega has unveiled its first electric car concept named 'SIN'. The car, which is designed as a crossover utility vehicle (CUV), weighs 950 kilograms and can reach 0-100 kmph in 13 seconds. Powered by a 200-kilogram battery, the vehicle can achieve a top speed of 130 kmph.
short by Mahi Chauhan / 10:39 pm on 09 Nov
Could build up to 15 million electric cars: Volkswagen
short by Mahi Chauhan / on 16 Nov 2018,Friday
German carmaker Volkswagen on Friday said that it could build up to 15 million electric cars over several years on its new electric vehicle production platform. Earlier, Volkswagen CEO Herbert Diess had said that the company could build 50 million electric cars. "Diess meant to say 15 million, not 50 million cars," a company spokesperson said.
short by Mahi Chauhan / 09:42 pm on 16 Nov
Google's self-driving unit Waymo ahead of us: Volkswagen CEO
short by Shifa Naseer / on 18 Nov 2018,Sunday
Talking about the development of self-driving cars, Volkswagen CEO Herbert Diess has said, "We have to admit that Waymo, the Google business, is ahead of us, arguably by one or two years." Adding that the automaker is "determined to catch up", Diess further said, "The game is not yet lost. A lot depends also on regulation."
short by Shifa Naseer / 04:49 pm on 18 Nov
Jaguar Land Rover backs UK-based electric-bike startup Arc
short by Mahi Chauhan / on 08 Nov 2018,Thursday
UK-based electric motorcycle startup Arc has raised an undisclosed amount of funding from InMotion Ventures, British carmaker Jaguar Land Rover's venture capital fund. Investors including Mercia Fund Managers, the Proof of Concept and Early Stage Fund also participated in the funding round. The funding came before the launch of the startup's first fully-electric motorcycle Vector.
short by Mahi Chauhan / 05:52 pm on 08 Nov
Ford acquires US electric scooter startup Spin
short by Shifa Naseer / on 08 Nov 2018,Thursday
Automaker company Ford on Thursday announced that it has acquired US-based electric scooter startup Spin to provide first and last mile transport solution. "Spin is an important step towards realising our ambitious vision for the future of urban mobility," the automaker said in a statement. While Ford didn't reveal the terms, the deal was reportedly pegged close to $100 million.
short by Shifa Naseer / 02:32 pm on 08 Nov
Ashok Leyland stock falls 10% after CEO Vinod Dasari quits
short by Krishna Veera Vanamali / on 14 Nov 2018,Wednesday
India's second-largest commercial vehicle maker Ashok Leyland's shares fell about 10.5% on Wednesday after CEO and MD Vinod Dasari announced his resignation. Dasari had joined the Hinduja Group company as Chief Operating Officer fourteen years ago and took over as the MD in 2011. The company on Tuesday posted a lower-than-expected 37.5% rise in second-quarter profit at ₹460 crore.
short by Krishna Veera Vanamali / 08:11 pm on 14 Nov
NGT asks Volkswagen to submit ₹100 crore over cheat devices
short by Mahi Chauhan / on 16 Nov 2018,Friday
The National Green Tribunal (NGT) on Friday ordered Volkswagen to deposit an interim amount of ₹100 crore with the Central Pollution Control Board of India for allegedly using cheat device in emission tests of its diesel vehicles. A school teacher and a few other people had filed a plea against the German carmaker for alleged violation of emission norms.
short by Mahi Chauhan / 11:18 pm on 16 Nov
Tesla cars to park on their own by 2019: Elon Musk
short by Mahi Chauhan / on 01 Nov 2018,Thursday
Tesla cars will be able to park on their own by 2019, the electric carmaker's CEO Elon Musk has said. An upgrade to Tesla's self-parking feature 'Summon' would allow the cars to drive around a parking lot, find an empty spot, read parking signs and park. The feature currently allows drivers to park their cars from outside the vehicle.
short by Mahi Chauhan / 06:57 pm on 01 Nov
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