WAF Auto News | The Auto World This Week (8th September 2023)

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INDIA

MG Motor well established in India, exploring different possibilities of growth: SAIC Motor chairman Autocar

Volkswagen will never compromise with vehicle safety just to lower prices: Ashish Gupta TOI

Diversity best bet, no one-size-fits-all solution to energy transition: PM Modi WAF

‘PM-eBus Sewa’ scheme to be rolled out in 5-6 months: Urban affairs ministry WAF

Suzuki Motor inks pact with NDDB, Banas Dairy to set up biogas plants with INR 230 cr investment WAF

Festive demand, strong SUV offtake propel domestic PV sales to record high in August WAF

FADA Sales August 2023: Auto Sales Up 9 Per Cent; Two-Wheeler Sales Remain Below Pre-Covid Levels car&bike

India raised stature of G20, gave recognition to its ability to influence people in the world: RC Bhargava WAF

Honda to roll out 5 SUVs in India by 2030; enters high selling mid-sized segment with Elevate WAF

New regulation can raise commercial vehicle prices by 10-12%: ICRA WAF

Daimler India names Sreeram Venkateswaran as President, Chief Business Officer WAF

All kinds of green technologies required in cars to reduce dependence on fossil fuels: TKM WAF

Exclusive: India’s JSW in talks with Chinese carmaker Leapmotor for EV tech, sources say WAF

Ola Electric receives $140 million funding from Singapore state investor Temasek: Sources CNBC

Hero MotoCorp and GIC invest Rs 900 crore in Ather Energy CNBC

Exide’s lithium-ion cell project secures INR 2,000 crore line of credit from banks WAF

Windfall profit tax on crude oil cut; levy on diesel, ATF exports hiked WAF


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ASIA

China’s Xpeng says German carmakers ready to tackle crisis in EV race WAF

Toyota mobility tech unit CEO Kuffner to leave post WAF

Chinese auto executives and ‘father of EVs’ urge global cooperation WAF

Tesla sues Chinese firm over tech secret infringement -Chinese state media WAF

Insight: China’s auto workers bear the brunt of price war as fallout widens WAF

Renault CEO: China very competitive on electric vehicles, Europe needs to catch up WAF


USA

Potential UAW strike presents a near-term headwind for auto insurers – JPM WAF

Detroit UAW workers strike threat tests Biden’s plan to win union votes WAF

UAW makes contract counteroffer to Ford; Stellantis to make offer WAF

Tesla pushes US appeals court to uphold ban on workers’ union t-shirts WAF

Bankrupt Lordstown Motors proposes zero payment for Foxconn shares WAF

Qualcomm to supply BMW and Mercedes with chips for displays, voice features WAF

Ford to replace rear cameras in new recall, take $270 million charge WAF

US offers $12 billion to auto makers, suppliers for advanced vehicles WAF

Hyundai, LG to spend $2 billion more on Georgia battery plant WAF


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EUROPE

Cummins, Daimler, PACCAR form joint venture for US battery cell production WAF

EV broken? Finding a technician to fix it may take a while WAF

Stellantis says 24 of its engine types can run on e-fuels WAF

Opel expects to offer electric vehicle for around 25,000 euros by 2026 WAF

Volkswagen’s family ownership not behind share price trough – Wolfgang Porsche WAF

Renault CEO sees Ampere IPO valuation of up to 10 bln euros -FT WAF

Mercedes boss: EV costs will remain higher for foreseeable future WAF

BMW’s ‘Neue Klasse’ at least as profitable as current EVs, CEO says WAF

Sustainability takes back seat in auto industry sourcing decisions – survey WAF


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