by Joseph White ( Reuters )

2 Min Read

General Motors Co on Tuesday outlined plans to allow remote work after the pandemic, in part to cast a wider net for recruiting programmers, marketers and other talent needed for its connected, electric vehicle strategy.

“The future of jobs will not be a one-size fits all approach,” the automaker said in a statement explaining its “Work Appropriately” program to cover 155,000 employees worldwide.

Instead, many employees will be allowed to keep working remotely, coming to an office as needed, as long as their tasks are not tied to assembly lines or on-site equipment.

That would allow GM to recruit a programmer who lives in Boston without requiring that employee to move, GM global talent acquisition director Cyril George told reporters on a videoconference.

Continue reading “At GM, blue and white collar give way to remote and on-site”

by WAF Editorial Team 

•JS Fourwheel Motors at Alwar are leading Auto retailers for last 35+ Years

•Have continuously set higher standards in Staff & their Family Care

•Controlled & run by The Sanghi family, people swear by their high standards of professionalism, business ethics and philanthropy 

Continue reading “JS Fourwheel Motors Alwar shows the way again in Employee Care”

SHANGHAI/BEIJING (Reuters) – Autonomous driving startup WeRide received a permit to test two passenger vehicles on California’s public roads without a safety driver in the front, California’s Department of Motor Vehicles said on Monday.

WeRide, backed by Nissan, Renault, Mitsubishi, is also testing its driverless vehicle in China’s southern city of Guangzhou.

Automakers and technology firms are investing billions of dollars in autonomous driving, aiming to take an early lead in what many consider the future of mobility.

Other companies which are allowed to test autonomous vehicles with no safety driving in the front in California include Alphabet Inc’s Waymo, Baidu Inc, Alibaba-backed AutoX and General Motors Co’s majority owned Cruise.

MILAN (Reuters) – Italy’s Agnelli and France’s Peugeot, the largest shareholders in Stellantis, have signed a consultation agreement, holding companies representing the two families said on Wednesday, on the eve of the carmakers’ first annual general meeting.

Exor and Peugeot 1810 said in a joint statement they had entered an understanding “aimed at strengthening the relations between the Agnelli and Peugeot families and to provide support for Stellantis in its long-term success”.

The accord will allow the two companies to exchange views, while leaving them free to vote as they choose and not carrying any obligation to coordinate their actions as Stellantis shareholders, they said.

With a 14.4% stake, Exor is the single largest shareholder in Stellantis, the world’s fourth largest carmaker, which was formed in January through the merger of Italian-American Fiat Chrysler and France’s PSA. Peugeot 1810 has a 7.2% stake.

STOCKHOLM (Reuters) – Sweden’s Polestar, the electric car maker controlled by Volvo and its parent, the Chinese automaker Geely, has raised $550 million in external funding, the company said on Thursday.

The financing is Polestar’s first external funding and comes amid a year of sustained sales and share price growth for electric vehicle (EV) makers such as Tesla Inc and Nio Inc.

SEOUL (Reuters) – South Korea’s Hyundai Motor Group said on Thursday it plans to launch electric vehicles (EVs) in China every year starting 2022 to enhance its presence in the world’s biggest car market.

The South Korean auto group said it plans to unveil a total of 21 EV models from Hyundai Motor Co and Kia Corp by 2030, including hybrid and fuel-cell vehicles.

The group said it plans to cut the number of its gasoline vehicle models to 14 in China from the current 21 by 2025.

FRANKFURT (Reuters) – An ongoing shortage of crucial semiconductors is the only factor weighing on a global recovery of the car sector from the coronavirus crisis, Herbert Diess, chief executive of Volkswagen AG, said on Thursday.

Demand is picking up in the United States, Brazil and China, Diess said at the Hannover Messe trade fair, adding the world’s second-largest carmaker was also working through high order intake in Europe.

“The only thing that is currently limiting and slowing down this recovery is the critical supply situation worldwide with regard to various semiconductor types,” Diess said.

Diess’ remarks came a day after U.S. peer Ford Motor Co outlined another series of plant shutdowns due to the shortage, with five facilities in the United States and one in Turkey affected.

San Francisco (Reuters) – Self-drive automaker Cruise, backed by General Motors Co, on Thursday said it raised $2.75 billion in its latest funding round with additional investment from Walmart Inc and others, taking the startup’s valuation over $30 billion.

The announcement comes a week after peer TuSimple revealed plans for an initial public offering (IPO), at a time when self-drive technology is yet to be commercialised.

“We are focused on our path to commercialization right now but the IPOs happening in the space right now are a great indication of the strength of the industry and the opportunity self-driving presents,” a Cruise spokeswoman said in a statement to Reuters.

In January, the San Francisco-based startup said Microsoft Corp would join General Motors, Japan’s Honda Motor Co Ltd and institutional investors for a combined new equity investment of over $2 billion.

Continue reading “Self-driving startup Cruise raises $2.75 billion from Walmart, others”

BERLIN (Reuters) – Tesla sharply criticised lengthy regulatory processes in Germany ahead of the planned opening of its first European gigafactory this summer.

Tesla plans to have the factory up and running by July 1, 2021 to start building its electric crossover, the Model Y but the process has been slow and complicated by environmental disputes.

In December, Tesla was told by a court to suspend clearing of a forest at the site of the proposed factory after environmentalists said cutting down more trees could endanger hibernating snakes.

“The German approval framework for industrial and infrastructure projects as well as spatial planning directly contradicts the urgency to plan and realise such projects that is necessary to battle climate change,” Tesla said in a letter to a local court seen by Reuters.

Tesla, in the letter dated April 7, said it was “particularly irritating” that there was still no timetable for the final approval of the plant, located in Gruenheide outside Berlin, 16 months after the carmaker applied for it.

Continue reading “Tesla lashes out at German red tape ahead of planned site opening”

by WAF Editorial Team 

•TML PVBU has reclaimed its third position in the passenger car market after 9 years with sales growth of 69% over FY 20

• TML CVBU sees 59% jump over Q4 FY 20 albeit de-growth of  23% over Total FY 20 Sales

India’s largest automobile company by turnover and employment, Tata Motors Limited has posted incredible sales performance in Q4 FY 21 and March 2021

They announced their sales in the domestic & international market, for Q4 FY21, which stood at 191,720 vehicles, compared to 101,420 units during Q4 FY20.

Source : AutoPunditz 

“Aspirational products, customer centric offerings, harnessing digital, supporting dealers, strong group ethos powered the stellar performance of Tata Motors in FY 2021 and especially Q4 FY 2021,’ says Mr. Anuj Guglani, CEO, World Auto Forum 

Continue reading “Tata Motors PVBU clocks highest Sale in 9 years | TML CVBU sees 59% Jump over Q4 FY 20”

(Reuters) – Google, BMW, Volvo and Samsung SDI are the first global companies to have signed up to a World Wildlife Fund (WWF) call for a moratorium on deep-sea mining, the WWF said on Wednesday.

In backing the call, the companies commit not to source any minerals from the seabed, to exclude such minerals from their supply chains, and not to finance deep seabed mining activities, the WWF said in a statement.

Deep-sea mining would extract cobalt, copper, nickel, and manganese – key materials commonly used to make batteries – from potato-sized nodules which pepper the sea floor at depths of 4-6 kilometres and are particularly abundant in the Clarion-Clipperton Zone in the North Pacific Ocean, a vast area spanning millions of kilometres between Hawaii and Mexico.

“With much of the deep sea ecosystem yet to be explored and understood, such activity would be recklessly short-sighted,” WWF said in a statement.

The moratorium calls for a ban on deep seabed mining activities until the risks are fully understood and all alternatives are exhausted.

BMW said raw materials from deep-sea mining are “not an option” for the company at present because there are insufficient scientific findings to be able to assess the environmental risks. Google and Volvo did not immediately respond to emailed requests for comment.

Continue reading “Google, BMW, Volvo, and Samsung SDI sign up to WWF call for temporary ban on deep-sea mining”

MILAN (Reuters) – Stellantis is looking at nearly tripling its global sales of electric vehicles this year, the head of holding company Exor, the carmaker’s main shareholder, said on Thursday.

The world’s fourth largest carmaker targets global sales of 400,000 high voltage vehicles this year from 139,000 in 2020 thanks to the launch of 11 additional models, John Elkann, who also serves as Stellantis chairman, said in a letter to Exor shareholders.

Stellantis, formed in January by merging Italian-American Fiat Chrysler and France’s PSA, wants to exploit its size to take on rivals in the race to produce more electric vehicles.

It plans to have fully-electric or hybrid versions of all of its vehicles available in Europe by 2025, broadly in line with plans of rivals such as Volkswagen and Renault-Nissan.

Over the latter half of his life, Biden, 78, saw the share of national wealth going to that middle class fall and the gains from U.S. growth concentrate in a handful of regions. Now, with a roughly $2 trillion investment package unveiled on Wednesday, Biden wants to reverse that half century trend and steer capital to neglected people and parts of the country.

Democrat Biden’s jobs and infrastructure plan and the corporate tax increase to help pay for it, contrasts with the deference to private markets begun by Republicans with Ronald Reagan’s election in 1980, and nursed through rounds of tax cuts and deregulation, by both parties.

Whether it was Bill Clinton’s moves to reduce social welfare and deregulate the financial sector, or Barack Obama’s hesitance to “go big” on spending in the last recession, there has been a reluctance by both parties to intervene too deeply for decades.

Rural and Rust Belt America faded and there was little progress on bridging the wealth gaps between Black and white.

Continue reading “Analysis: Can Joe Biden recreate the U.S. economy he grew up with?”

by WAF Editorial Team 

• When Safety, Fun to Drive & Quality meet 95% Localisation, it can be a watershed moment!

• Made in India Taigun, for the World!

• Based on the New MQB AO IN Platform 

• Launch just before the Festive Season. Est Price of Rs 10-17 Lakhs

• It’s the Year of the SUVW. Year of the Taigun. Need one say more ?

VW India today showcased the India Spec Production Model of the Taigun SUV. It’s based on the latest All new MQB AO IN Platform which also powers the Skoda Kushaq.

It is directly pitched in the hot selling segment of Hyundai Creta and Kia Seltos.

Taigun has a class leading wheelbase of 2651 mm which should make it one of the most spacious.

The dual tone interiors look upmarket and premium. The Cockpit is truly digital as it boasts of a 10.1″ touchscreen compatible with Apple car play and Android auto and a 10.2″ Digital Instrument cluster.

The luxury touch gets enhanced by ambient lights, panoramic moonroof and ventilated seats for front passengers.

Continue reading “Production Ready VW Taigun aka Creta & Seltos Challenger Unveiled”

FRANKFURT (Reuters) – Volkswagen said on Tuesday Porsche AG executive Gernot Doellner will become the carmaker’s new strategy chief from May 1.

“With the addition of Gernot Doellner we are gaining a proven strategist who has gained extensive experience at Porsche AG in the management of model series and in development strategy and innovation management,” said Volkswagen Chief Executive Herbert Diess.

“With him, we will systematically continue along our chosen path and further drive the transformation.”

Doellner previously served as head of product and concept at Volkswagen’s luxury division Porsche AG, and will replace Michael Jost, who said earlier this month he will quit after more than a decade with the group.

The announcement comes a week after Volkswagen’s Power Day, which, along with more upbeat broker comments, has revitalised Volkswagen’s shares, which are up 50% year-to-date.