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ELECTRIC CARS WRITEDOWN
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...- Doug Field, Apple and Tesla veteran, quits as Ford’s EV, tech chiefDoug Field, a former Tesla and Apple executive leading Ford’s EV and tech efforts, will leave next month after nearly five years. Hired to ...
- Honda to build ‘O Alpha’ EV at Rajasthan plant with Rs 1,200 crore investmentHonda Cars India is set to launch its cutting-edge electric vehicle, the 'O Alpha', from its state-of-the-art Tapukara plant in Rajasthan. ...
- Global EV sales fall again in February as China records steep dropThe electric vehicle market experienced a notable 11% reduction in sales globally this past February. China, in particular, faced its most ...
- Honda's $15.7 billion EV writedown is painful, but China challenges loom down the roadHonda faces a massive financial hit and strategic shift in its electric vehicle business. The Japanese automaker is writing down billions d...
- Renault plans half of sales overseas by 2030, eyes 23% volume growthRenault has its eyes set on a bold future, targeting substantial international expansion by 2030. The iconic French car manufacturer is set...
- Global EV sales hampered by China, US slowdown in JanuaryGlobal carmakers with large exposure to the U.S. market have booked some $55 billion in writedowns in the past year as they scale back elec...
- US EV slowdown drives $55 billion hit for carmakersIn a turbulent turn of events, major global car manufacturers are grappling with heavy financial losses. Brands like Stellantis, Ford, Gene...
- When the plug gets pulled: Policy, demand drag EVsElectric vehicles face growing uncertainty as regulatory shifts and slowing demand test global strategies. Auto companies are now stretchin...
- Ford's EV retreat highlights industry dilemma: Build for the US or the world?In a significant shake-up, Ford has announced the slashing of thousands of electric vehicle positions, resulting in a staggering $19.5 bill...
- Ford retreats from EVs, takes $19.5 billion charge as Trump policies grip industryFord announced a significant $19.5 billion writedown and is discontinuing several electric vehicle models, including the F-150 Lightning su...
- Leasing model behind Europe's EV drive at risk of breakdownEurope's auto leasing firms have doubled their prices for electric cars due to low resale values. Cuts in subsidies for new EVs in key mark...
- General Motors shares jump 9% as CEO Barra promises shareholders more cashBarra highlighted moves to return cash to shareholders, including $12 billion in 2023 through a $10 billion share buyback and a 33% dividen...
- Renault hands Russian assets to Moscow in nationalisation firstRenault controlled 68 percent of AvtoVAZ, the largest carmaker in Russia with the country's top brand Lada, but was under pressure to pull ...
- Wall Street tumbles as renewed tariff threat adds to uncertaintiesAll three major U.S. stock averages closed down well over 2%, and for the week they all lost ground. May is often marked by sell-offs, and ...
- Tatas Group begins hunt for a partner for Jaguar, approaches Geely & BMWTata Group has said it’s open to finding partners for JLR to save costs & share burden of investing in e-cars.
- Global car markets in reverse gear; Trump tariffs only making things worseThe persisting gloom in China, the engine room for growth over the past decade, leaves automakers with few places to go.
- The wheels have come off at Jaguar Land Rover for Tata MotorsJLR’s writedown signals that previous spending splurges won’t deliver the financial returns.
- Ratan Tata-Cyrus Mistry divorce settlement might cost $16 billionAs for Mistry, at $16 billion, he would walk away with 4.5% return on the $200 million loan the Tata family took from outsiders 91 years ag...
- Ratan Tata needs to explain these five charges that Mistry brought against himRatan Tata won't get off so easily. If nothing else, candidates for the next group chairman's job will want to know the truth behind Mistry...
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