Ather Energy achieves highest-ever monthly dispatches with 20,000 scooters in Oct

Ather Energy achieves highest-ever monthly dispatches with 20,000 scooters in Oct

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Source : PTI | Ather Energy on Thursday said it has recorded its highest-ever monthly dispatches in October, with over 20,000 scooters being shipped across the country. The recently launched family scooter, Rizta, has been a significant contributor, accounting for approximately 60 per cent-70 per cent of this month’s total volume.

Ather reported retail sales of 20,000 scooters across India as of October 30, the company said. Continue reading “Ather Energy achieves highest-ever monthly dispatches with 20,000 scooters in Oct”

Ford to lower managers’ bonuses if company performance fails to improve, sources say

Ford to lower managers’ bonuses if company performance fails to improve, sources say

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DETROIT, (Reuters) – Ford Motor CEO Jim Farley has told employees that the automaker needs to speed efforts to improve quality and lower costs, and that manager bonuses, which are tied to those metrics, would be slashed to 65% of their total, according to three people familiar with the matter.

Farley recently introduced a new performance system where company bonuses are directly tied to progress on key goals in an effort to change the 121-year-old automaker’s culture to hold employees more accountable. He made the announcement about the lowered bonuses at a town hall on Wednesday. Continue reading “Ford to lower managers’ bonuses if company performance fails to improve, sources say”

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Toyota, NTT to invest $3.3 bln on development of AI platform

Toyota, NTT to invest $3.3 bln on development of AI platform

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TOKYO, (Reuters) – Toyota Motor and Nippon Telegraph and Telephone (NTT) plan to invest a total 500 billion yen ($3.27 billion) by 2030 into an infrastructure and software platform using artificial intelligence to reduce traffic accidents.

The automaker and telecommunications firm said in a joint statement on Thursday they want to develop a mobility AI platform that uses large amounts of data to support driver assist technology, aiming to have a system ready by 2028. Continue reading “Toyota, NTT to invest $3.3 bln on development of AI platform”

Uber shares slide as slowing bookings growth spooks investors

Uber shares slide as slowing bookings growth spooks investors

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Summary

  • Gross bookings forecast slightly below estimates
  • Net income includes $1.7 billion pre-tax gain
  • Q3 revenue beats on lower driver incentives, refunds

(Reuters) – Uber Technologies signaled a further slowdown in its mainstay app-based taxi business as it forecast fourth-quarter gross bookings below Wall Street estimates, sending its shares down nearly 8%. Continue reading “Uber shares slide as slowing bookings growth spooks investors”