Source : PTI | The proposed demerger of Tata Motors into two listed entities will bring strategic clarity, enabling long-term returns for shareholders, according to Chairman N Chandrasekaran. Addressing shareholders in the company’s 80th Integrated Annual Report for FY25, he noted that the demerger of Tata Motors into two listed entities — Commercial Vehicles and Passenger Vehicles (including EV and JLR) — is progressing as planned.

“The proposed demerger will bring greater strategic clarity and agility, enabling a more focused approach to execution and value creation, delivering superior experiences for customers, rewarding careers for employees, and long-term returns for shareholders,” Chandrasekaran said.

Continue reading “Demerger to bring strategic clarity, long-term returns for shareholders: Tata Motors chairman”

TOKYO, Feb 8 (Reuters) – Japan’s Subaru Corp (7270.T) slashed its annual output target by nearly 10% on Wednesday amid ongoing fallout from a semiconductor shortage that continues to hamper automakers around the world.

The carmaker said the shortages were most acute among parts for immediate delivery in the spot market and it expected the lack of supply to last at most until around June before recovering.

Subaru said it now expects to produce 880,000 vehicles this fiscal year through March, down 9.3% from a previous forecast of 970,000 units.

Continue reading “Japan’s Subaru cuts annual output target as chip shortage drags on”

TOKYO, Oct 7 (Reuters) – Toyota Motor Corp’s truck- and bus-making unit Hino Motors said on Friday four officials would step down and it would demand the return of some compensation from past managers, following an engine data scandal.

Three executives overseeing production and compliance and a senior official in charge of technology development would resign, Hino said in a statement. Continue reading “Four resign over scandal at Toyota unit Hino, others to return pay”

The Full form of WAF is World Auto Forum

World Auto Forum is the global think tank of Auto & Mobility Industry.

WAF is also the media agency

WAF.bz by World Auto Forum is World’s first social networking site for global auto and mobility industry

World Auto Forum ( WAF) connects the industry across 125 Countries!

(Reuters) – Uber Technologies Inc, PayPal Holdings Inc and Walgreens Inc on Monday said they launched an $11 million fund to provide free ride-hail trips to U.S. COVID-19 vaccination sites for people who lack access to transportation.

The Vaccine Access Fund will be managed by U.S. non-profit Local Initiatives Support Corporation, which will identify communities that need free rides as well as local partners to help with the program, the companies added.

Consumers can support the effort by donating to the fund through PayPal or in the Uber app, they said, adding they were also looking forward to welcoming other corporate donors.

In a joint letter to U.S. President Joe Biden and Vice President Kamala Harris, the companies said their cooperation came in response to calls by the administration for companies to get involved in the pandemic response.

“The Vaccine Access Fund will draw on the innovative tools developed by our respective firms to expand vaccine access and build upon the Biden-Harris administration’s efforts,” the companies said in the letter seen by Reuters.

The fund is separate from Uber’s promise to provide 10 million free or discounted rides to vaccination sites globally, an effort that is both public-spirited and self-interested as it is trying to get more drivers and passengers back on the road.

Lack of transportation is a major hurdle to healthcare equity and vaccine access, and studies show fewer options for medical care in low-income and Black communities that are frequently poorly served by public transit and have lower car ownership rates.