Automotive industry
Elon Musk has demonstrated his commitment to Tesla by purchasing nearly $1 billion worth of stock, a move that is expected to give him greater control over the electric vehicle maker. The large purchase comes as the company is seeking to transition from solely an electric vehicle maker to a
Automotive industry
Tesla CEO Elon Musk's stock purchase of over 2.5 million shares worth $1 billion has sent the electric vehicle maker's shares soaring 3.6% to $410.04 each. Musk's move may be seen as a vote of confidence in the company's
Tariffs
The Tariff Policy Board (TPB), led by Commerce Minister Jam Kamal Khan, has approved the proposal to allow the commercial import of five-year-old used vehicles with an additional duty of 40%. The decision, which needs final approval from the Economic Coordination Committee (ECC), comes despite strong objections from Pakistan'
Automotive industry
More than 10 million drivers in the UK may be at risk of losing their license and facing fines of up to £1,000 due to undisclosed medical conditions. Online used car retailer cinch has revealed the five most common health conditions that motorists need to inform the DVLA about,
Automotive industry
The Indian government has rolled out a 20% ethanol-blended petrol (E20) across the country, meeting the target set in July. Union Road Transport and Highways Minister Nitin Gadkari has defended the policy, citing its benefits, including being an import substitute, cost-effective, pollution-free, and indigenous. Critics, however, have expressed concerns that
Automotive industry
The Jaguar Land Rover cyber crisis continues to intensify, with all production shut down across the firm's international sites for over two weeks. The crisis is not only affecting directly employed JLR workers but also thousands of workers in the JLR supply chain, who are at risk of
Automotive industry
India has achieved the target of mixing 20% ethanol with petrol sold at stations across the country, marking a significant milestone in the country's fuel-blending programme. While many car-owners had expressed concerns over the move, citing reduced fuel efficiency and potential damage to engine parts, Union Road Transport
Automotive industry
Hyundai Motor Group's head, Euisun Chung, has committed to increasing the company's contribution to the US economy despite a recent immigration raid that delayed the launch of a battery plant in Georgia. Chung emphasized that the US is Hyundai's most significant market and expressed
Automotive industry
Hyundai Motor Group has reaffirmed its commitment to investing in the US market, despite the delay in the launch of a battery plant in Georgia following an immigration raid on workers at the site. Euisun Chung, executive chair of the Korean auto giant, stated that the US is Hyundai'
Automotive industry
Jaguar Land Rover (JLR) has acknowledged that some data has been accessed in a cyber attack that prompted the company to halt production. The incident, which was first reported on August 31, has led to the shutdown of operations at several sites, including its engine manufacturing facility in Shropshire, Solihull,
Automotive industry
Jaguar Land Rover (JLR), a UK-based car manufacturer, has fallen victim to a major cyber attack that has severely disrupted its global operations. The company shut down its systems on August 31 after becoming aware of issues affecting its production and sales. JLR, owned by India's Tata Motors,
Automotive industry
PACCAR Inc. is a leading American automotive company specializing in the design and production of heavy, medium, and light-duty trucks under the DAF, Peterbilt, and Kenworth brand names. The company has recently expanded its tech ecosystem through various digital transformation strategies, innovation programs, and technology initiatives. ResearchAndMarkets.com's
