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AUTOMOTIVE INDUSTRY CUTS
Porsche to cut another 5,000 jobsPorsche will eliminate another five thousand jobs by the year 2035. This decision follows previous job cuts and is part of restructuring me...- Volkswagen scraps revenue growth forecast as tariffs, China weighVolkswagen now expects sales revenue to decline by up to three percent this year. The company announced a radical overhaul to counter costl...
- ET Prime Special Series: Multibagger or IBC - Part 68: Is this company, part of a southern group, getting simpler, or more complicated?A business can trace its manufacturing history to 1962, yet sit inside a listed company incorporated only in 2017. That is only the first c...
- Maruti Suzuki's no-frills cars once ruled India. Then buyers demanded frills as market share drops to near all-time lowFor years, Suzuki reigned supreme in India's automotive landscape, but changing buyer interests are challenging this status. As consumers i...
- ET Prime Special Series: Multibagger or IBC - Part 67: Can this auto ancillary close the gap between old mobility and EV revenue?The market may see this as another diversified auto component manufacturer. The deeper story is one of capital reallocation. The group is c...
- Have metal stocks’ dependence moved from Chinese apartments to world's power grid? 5 metal stocks with upside potential of up to 34%Weak Chinese growth has traditionally been a warning signal for metal stocks. Yet, the latest disappointing data from China has caused only...
- Volvo Cars sees stronger second half despite steep China decline, rising costsVolvo Cars anticipates improved profitability in the second half of the year. Rising raw material costs and a severe China slowdown are imp...
- India-UK FTA: Rolls-Royce, Range Rover cars to get cheaper by crores in IndiaImported British luxury car prices will significantly decrease starting July fifteenth. Customs duty on eligible vehicles will fall from 11...
- Tata Elxsi shares slide 6% after weak Q1 results. Why Motilal Oswal sees 16% downside from current levels?Tata Elxsi shares fell despite reporting a strong June quarter, with net profit rising 18.2% YoY to Rs 170.6 crore and revenue increasing 1...
- Chip toolmaker ASML expected to shine light on capacity and China challengesThe Netherlands-based business is Europe's most valuable listed company with a market capitalisation of €610 billion ($696 billion) after t...
- Voice AI goes mainstream as enterprises move beyond pilotsVoice AI goes mainstream as enterprises move beyond pilots, with large language models enabling natural conversations and driving demand fo...
- Car crisis takes toll on Germany's young engineersGerman engineers like Max Peil struggle to find employment despite qualifications. The nation's automotive sector faces painful adjustments...
- Want a Rolls-Royce or Land Rover? Premium cars to go cheaper by Rs 1-3 crore thanks to UK FTALuxury car prices in India are set to decrease significantly soon. This change follows the India-UK free trade pact taking effect July fift...
- Bankruptcy boom: Businesses going broke in Europe's biggest economyGermany faces a widespread corporate insolvency crisis impacting numerous sectors. High energy costs and industrial decline are major contr...
- Volkswagen rescue plan 'short on specifics' after tense stakeholder talksVolkswagen management showed little progress from stakeholder talks on Thursday. The company repeated known targets for streamlining operat...
- Arvind Kejriwal to address media at 4 PM over fuel pricingArvind Kejriwal will address fuel pricing concerns at a press conference today. He alleges petrol should cost 82 rupees per liter but is so...
- China's car slump has a new escape route — the rest of the worldChina's auto sales decline prompts manufacturers to boost overseas exports. Domestic demand has fallen significantly, pushing companies to ...
- Insects in your fuel tank? ISMA responds to claims of E20-led car damage & sugarcane mixing claimsE20 petrol is safe and scientifically validated, ISMA said, dismissing claims that it damages vehicles, attracts insects, voids insurance o...
- Mercedes India urges phased shift to higher ethanol blendsMercedes-Benz requests a gradual shift to higher ethanol fuel blends. Automakers need sufficient time to adapt their vehicles for these cha...
- Rainmatter leads Rs 40 crore funding in sustainable packaging startup EconovusEconovus Packaging has secured Rs 40 crore in a funding round led by Rainmatter. This capital will establish a manufacturing facility and a...
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