Source : PTI | Hindustan Zinc Ltd has signed a deal to deploy GreenLine Mobility Solution Ltd’s LNG-powered fleet in its supply chain and transportation operations, India’s first and the only LNG-fueled heavy trucking logistics company said on Wednesday. In a statement, GreenLine said it will invest INR 200 crore for deploying LNG-powered trucks for Hindustan Zinc’s road logistics.

“Hindustan Zinc, India’s largest and only integrated producer of zinc, lead and silver, has chosen GreenLine Mobility Solutions Ltd (GreenLine), a part of Essar Group and a pioneer in green mobility solutions, as its sustainable logistics partner and is set to deploy GreenLine’s LNG-powered fleet in its supply chain and transportation operations,” it said. Continue reading “Hindustan Zinc signs deal to deploy GreenLine’s LNG-powered trucks”

Source : PTI | Home-grown battery materials manufacturer Epsilon on Wednesday said it has signed a pact to acquire Johnson Matthey’s LFP cathode technology centre in Germany. This acquisition serves as a catalyst for Epsilon’s ambitious plans to eventually cater to 100 GwH of demand and also allows it to go to markets with a proven high performance cathode active material produced at scale, the city-based company said.

Epsilon, however, did not disclose the financial details of the deal. Continue reading “Epsilon inks pact to acquire Johnson Matthey’s LFP cathode tech centre in Germany”

MEXICO CITY, Oct 4 (Reuters) – The U.S. and Mexico have resolved a labor complaint under a regional trade deal at a Grupo Yazaki auto parts factory in the central Mexican state of Guanajuato, both governments said on Wednesday.

Grupo Yazaki, part of Japan’s Yazaki Corp., agreed to issue a neutrality statement, and the Mexican government will ensure training for workers, union representatives and management about labor rights, the U.S. Trade Representative’s (USTR) office said in a statement. Continue reading “U.S., Mexico resolve labor probe at Grupo Yazaki auto parts plant in Mexico”

SINGAPORE/BRUSSELS, Oct 4 (Reuters) – China complained on Wednesday about the “very short” time provided by the European Union to engage in consultations for the bloc’s inquiry into subsidies for electric vehicles.

The remarks came as the European Commission formally launched the investigation into whether to set tariffs to shield EU producers from a “flood” of imports of cheaper Chinese electric vehicles (EV) it says benefit from state subsidies. Continue reading “China rebukes EU after formal launch of EV subsidy probe”

Oct 3 (Reuters) – Top global automakers on Tuesday reported a rise in U.S. new vehicle sales for the third quarter, buoyed by resilient demand for latest models and improved supplies.

General Motors (GM.N) extended a strong year as it posted an about 21% rise in U.S. sales to 674,336 vehicles, benefiting from demand for its pickup trucks, affordable crossover SUVs and electric vehicles. Continue reading “US new vehicle sales jump in third quarter as UAW strike casts shadow”

Oct 4 (Reuters) – Ford Motor (F.N) on Wednesday posted a near 8% rise in U.S. auto sales for the third-quarter, driven by continued demand for crossover SUVs and pickup trucks.

The automaker notched quarterly sales of 500,504 vehicles, up from 464,674 a year earlier. Continue reading “Ford’s third-quarter US auto sales rise on pickup, crossover SUV demand”

Oct 4 (Reuters) – Toyota Motor (7203.T) and LG Energy Solution (373220.KS) signed a supply agreement for lithium-ion batteries for use in the Japanese automaker’s U.S.-built electric vehicles starting in 2025, the companies said on Wednesday.

The Toyota-LGES announcement caps a tidal wave of investments in new EV battery plants in North America, spurred by the U.S. Inflation Reduction Act. The IRA and other U.S. legislation provide incentives aimed at boosting domestic production of EVs, batteries and raw materials. Continue reading “LGES to supply Toyota with batteries, invest $3 billion in US plant”

DETROIT, Oct 4 (Reuters) – Negotiators for the United Auto Workers and Ford Motor (F.N) have narrowed their differences on pay increases after a new offer from the automaker amid “really active” talks, people familiar with the bargaining among the Detroit Three automakers and the union said on Wednesday.

UAW President Shawn Fain plans to update the union’s 150,000 members at Ford, General Motors (GM.N) and Chrysler parent Stellantis (STLAM.MI) on Friday, a person briefed on the union’s plans said. It is not clear whether Fain will order a fresh round of walkouts, or declare sufficient progress has been made to delay strikes at additional plants. Continue reading “UAW, automakers signal progress after days of stalemate -sources”

Source : PTI | New Delhi, Union minister Nitin Gadkari on Monday reiterated India’s commitment to achieving global road safety targets set in the Stockholm Declaration, according to an official statement. Gadkari, while addressing the ministerial session focusing on road safety at the 27th World Road Congress in Prague, Czech Republic, emphasized on adopting a holistic approach to minimise road crashes and fatalities by stakeholders at all levels.

The road transport and highways minister reiterated the country’s special focus on spreading awareness to effect behavioral change and ensuring flawless enforcement of rules. Continue reading “India committed to achieving global road safety targets set in Stockholm Declaration: Gadkari”

MILAN, Oct 3 (Reuters) – Auto parts maker Marelli has paused the process of closing its Crevalcore plant in Italy, saying on Tuesday it had mandated an adviser to seek potential buyers for the site, which employs around 230 people.

Owned by private equity firm KKR (KKR.N), Marelli announced last month its intention to close down the facility, which produces components for internal combustion engines, arguing the business had become unsustainable due to the transition to electric mobility. Continue reading “Auto parts maker Marelli suspends Italian plant closure, to seek potential buyers”

DETROIT, Oct 3 (Reuters) – The United Auto Workers head into the 19th day of strikes with a bold strategy that places the Detroit Three automakers into a high-stakes game of “Survivor” with a weekly decision on which factories the strike will hit next, with layoffs mounting, suppliers hurting and harsh rhetoric from both sides.

UAW President Shawn Fain has transformed the rituals of contract talks with General Motors(GM.N), Ford(F.N) and Chrysler parent Stellantis (STLAM.MI) into a high-stakes, made-for-media game. The automakers will look for clues on how to survive in the agreement the union reached on Sunday with Volvo Group-owned (VOLVb.ST) Mack Trucks. Continue reading “Analysis: Detroit’s strikes become an industrial ‘Survivor’ game”

WASHINGTON, Oct 3 (Reuters) – U.S. and California officials said on Tuesday they are in discussions with General Motors’ (GM.N) self-driving unit Cruise about an accident in San Francisco involving a pedestrian hit by a vehicle into the path of a robot taxi.

A pedestrian was struck late Monday by a hit-and-run driver and thrown into an adjacent lane and hit a second time by the Cruise robotaxi, which was not able to stop in time, the company said. Continue reading “US agency, California gathering details of accident involving robot taxi and pedestrian”

Oct 3 (Reuters) – Ford Motor (F.N) said on Tuesday it had made a new comprehensive contract offer in an effort to resolve a 19-day old targeted strike by the United Auto Workers but said a dispute over battery plants remained unresolved.

The Dearborn, Michigan automaker said the new offer boosted wages for temporary workers, increased company 401(k) contributions and had further shrunk time needed to get to the top wage rate. Continue reading “Ford makes new offer in US labor dispute, GM furloughs more workers”

Automechanika Dubai is the premier networking hub for the automotive aftermarket in the UAE

 Key topics to be explored at the three-day show include Electric Vehicles (EVs), the future of mobility and the latest trends in the automotive aftermarket industry 

The event will feature the highest number of exhibitors and visitors to date

Dubai, UAE: Automechanika Dubai, the largest international trade exhibition for the automotive aftermarket industry in the Middle East, was officially opened today by H.E. Mattar Al Tayer, Commissioner General for Infrastructure, Urban Planning and Well-Being Pillar and Director General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) Dubai. Celebrating two decades of success, the 20^th edition of Automechanika Dubai takes place at Dubai World Trade Centre until 4 October and is expected to attract more than 45,000 visitors. Continue reading “H.E. Mattar Al Tayer opens landmark 20th edition of Automechanika Dubai”

Ahmed Hashem Bahrozyan, CEO of The Public Transport Agency, Roads and Transport Authority – Dubai (RTA), has been awarded the prestigious Special Recognition Award at this year’s Automechanika Dubai Awards

Dubai, UAE: Ahmed Hashem Bahrozyan, CEO of The Public Transport Agency, Roads and Transport Authority – Dubai (RTA), has received the Special Recognition Award at this year’s 20^th anniversary special edition of Automechanika Dubai for his outstanding contributions and commitment to innovative transport solutions and delivering world-class services in the emirate. Continue reading “RTA CEO receives Special Recognition Award at Automechanika Dubai 2023”

Source : PTI | Electronics industry body ELCINA has requested the government to come up with a production linked incentive scheme for non-semiconductor or computer chips sector which is dominated by imports, a senior official of the organisation said.

According to Electronic Industries Association of India (ELCINA) report, total electronic component market in the country was estimated to be around USD 39 billion, of which 68% requirement was met through imports in 2021-22. Continue reading “Electronics industry body seeks PLI scheme for non-semicondcutor sectors”

SOURCE : PTI | The UAE’s Special Envoy for Climate Change on Monday urged the oil and gas industry to rally around decarbonisation targets as part of the COP28 Presidency’s Action Agenda to fast-track the energy transition and limit global warming to 1.5 degrees C to avoid the worst impacts of climate change. Dr. Sultan Ahmed Al Jaber, who is also the COP28 President-Designate said this at the beginning of the 2023 Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) held from October 2-5 in Abu Dhabi.

The COP28 President-Designate’s call to implement a comprehensive energy transition plan is part of the COP28 Presidency’s Action Agenda which is based on four key pillars. Continue reading “ADIPEC 2023: COP28 president-designate rallies oil and gas industry to decarbonise”

SAN FRANCISCO, Oct 2 (Reuters) – Electric-vehicle maker Rivian Automotive (RIVN.O) on Monday reported third-quarter deliveries above market expectations, as it ramped up production to meet a sustained demand for its pickup trucks and sport-utility vehicles (SUVs).

The Irvine, California-based startup said it was on track to produce 52,000 vehicles in 2023 – a target it raised in August from 50,000 vehicles as supply-chain bottlenecks eased Continue reading “EV maker Rivian beats quarterly delivery estimates after raising production”

PARIS, Oct 2 (Reuters) – France is reluctant to delay post-Brexit tariffs that are set to hit electric vehicles traded between Britain and the European Union, French government sources said, in a move that could hit carmakers on both sides of the Channel.

Under the EU-UK post-Brexit trade deal, EVs need to have 45% of EU or British content from 2024, with a 50%-60% requirement for their battery cells and packs, or face British or EU import tariffs of 10%. Continue reading “France reluctant to delay Brexit tariffs on UK-EU electric cars – sources”

WASHINGTON, Oct 2 (Reuters) – The National Highway Traffic Safety Administration (NHTSA) said on Monday it was upgrading and expanding its investigation into 708,000 Ford Motor (F.N) sport utility vehicles and trucks over catastrophic engine failures tied to a faulty valve.

The agency says under normal driving conditions vehicles without warning may experience a loss of power due to catastrophic engine failure related to a potentially faulty valve in 2.7 L and 3.0 L EcoBoost engines. Continue reading “US expands, upgrades probe into 708,000 Ford SUVs, trucks over engine failures”

Oct 2 (Reuters) – Tesla (TSLA.O) missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories to roll out a newer version of the Model 3 mass-market sedan forced production halts.

Some analysts believe the upgrades could spark a rebound in deliveries in the fourth quarter by allowing Tesla to refresh its line-up with models that could compete better with offerings from U.S. rivals such as Ford and BYD in China.

Continue reading “Tesla misses estimates for quarterly deliveries; shares fall”

Oct 2 (Reuters) – In a victory for Tesla (TSLA.O), a judge has ruled that a group of vehicle owners must pursue claims that the company misled about its Autopilot features in individual arbitration rather than court.

The ruling means Tesla will not have to face class action claims on behalf of much larger groups of vehicle owners. Continue reading “Tesla scores Autopilot victory as judge rules owners must use arbitration”

Oct 2 (Reuters) – General Motors (GM.N) and Ford Motor (F.N) on Monday said they are laying off another 500 workers at four Midwestern plants because of the impact on some of the facilities of the United Auto Workers strike in its 18th day.

Separately, the UAW confirmed it presented a new contract offer to GM on Monday. GM said it received the counterproposal “but significant gaps remain.” The UAW also held a new round of bargaining with Chrysler-parent Stellantis. Continue reading “GM, Ford furlough another 500 workers due to UAW strike”

Source : PTI | The price of natural gas produced from difficult areas like deep sea KG-D6 block of Reliance Industries on Sunday was cut by a steep 18%, in line with softening of benchmark international gas prices, an official notification said. However, the price of gas that is largely used for making CNG for fueling automobiles or piping to households kitchens for cooking purposes will remain unchanged due to a price cap that is set at 30% less than market rates such as that paid to Reliance.

For the six-month period starting October 1, the price of gas from deep sea and high-pressure, high-temperature (HPTP) areas has been cut to USD 9.96 per million British thermal unit from USD 12.12, oil ministry’s Petroleum Planning and Analysis Cell (PPAC) said in a notification. Continue reading “Gas price for Reliance cut by 18% to USD 10; rate for gas that feed CNG, PNG supplies unchanged at USD 6.5”

Source : PTI | New Delhi: Popular Vehicles and Services Ltd, which is engaged in automotive dealerships, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share sale. This is the company’s second attempt to go public.

Earlier, the company filed draft papers with the Securities and Exchange Board of India (Sebi) in August 2021 for floating an Initial Public Offering (IPO) but deferred the maiden public issue amid uncertain market conditions. Continue reading “Popular Vehicles and Services files IPO papers with Sebi again”

Source : PTI | The Graded Response Action Plan, a set of anti-air pollution measures implemented in Delhi-NCR during the winter, came into effect on Sunday. The Commission for Air Quality Management (CAQM), an autonomous body tasked with improving the air quality in Delhi and its adjoining areas, made crucial changes to the Graded Response Action Plan (GRAP) last year and again in July.

The new changes include strict restrictions on the plying of overage vehicles and a complete ban on the use of coal and firewood in eateries, restaurants and hotels when the Air Quality Index (AQI) breaches the 200-mark. Continue reading “Centre’s action plan to check air pollution in Delhi takes effect”

Source : PTI | Tata Motors-owned Jaguar Land Rover (JLR) aims to launch eight battery electric vehicles (BEVs) in India by 2030, according to a senior company executive. The company currently sells one electric model — Jaguar I-Pace — in the country.

In an interaction with PTI, JLR Chief Commercial Officer Lennard Hoornik said the automaker will commence taking orders for the Range Rover BEV for the Indian market next year with deliveries expected to begin in 2025. Continue reading “JLR plans to roll out 8 battery electric vehicles in India by 2030”

TOKYO, Oct 2 (Reuters) – Japan’s move to bar most used-car sales to Russia slammed the brakes on a trade nearing $2 billion annually that had boomed in the shadow of sanctions over Ukraine elsewhere, according to trade data and market participants.

In early August, Japan’s government banned exports of all but subcompact cars to Russia, cutting off a lucrative backchannel in trade in used Toyotas, Hondas and Nissans for a network of brokers and smaller ports, especially Fushiki, an export hub on the Sea of Japan. Continue reading “Japan puts the brakes on lucrative used-car trade with Russia”

Oct 2 (Reuters) – About 4,000 workers represented by the United Auto Workers (UAW) reached an agreement with Volvo Group-owned Mack Trucks just before midnight Eastern Standard Time (0400 GMT) on Sunday, the union and the company said.

The temporary agreement must still be ratified by the UAW.

“The terms of this tentative agreement would deliver significantly increased wages and continue first-class benefits for Mack employees and their families,” Mack President Stephen Roy said in a statement. Continue reading “UAW workers and Mack Trucks reach deal to avoid strike”