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Volkswagen board approves plan to cut 50K more jobs, close 4 German plants
1+ week, 2+ day ago (263+ words) Volkswagen's board of directors on Thursday approved a sweeping cost-cutting plan that would see 50,000 jobs cuts, slim its model line by half and end auto production at four German plants. On top of 50,000 job losses already previously agreed, the company…...
Tesla recalls nearly 3 mn vehicles in China over door handle safety risks | World News
3+ week, 1+ day ago (359+ words) Tesla will perform software updates on the vehicles to mitigate risks | Image: Bloomberg Tesla and other Chinese carmakers are making a major recall of more than 4 million vehicles over safety concerns mostly related to their door handles, according to Chinese…...
Two-wheeler exports seen rising up to 20% as Africa demand recovers: Ind-Ra
3+ week, 4+ day ago (311+ words) Recovery in African markets, expansion into Latin America and Southeast Asia, and a rising share of premium products are expected to support export growth Indiaâs two-wheeler exports are expected to grow 15-20 per cent year-on-year in FY27, extending their strong momentum…...
Ferrari's controversial first EV auctions for record $40 million
3+ week, 5+ day ago (215+ words) The model was designed with LoveFrom, the studio founded by Jony Ive, Apple Inc.'s former design chief and a key figure behind the iPhone and iMac. Ferrari NV's first all-electric vehicle defied criticism to sell for $40 million, making it…...
Magellanic Cloud consolidated net profit declines 14.56% in the June 2026 quarter | Capital Market News
4+ week, 1+ day ago (75+ words) Magellanic Cloud consolidated net profit declines 14.56% in the June 2026 quarter Business Standard Sales rise 9.95% to Rs 180.28 croreNet profit of Magellanic Cloud declined 14.56% to Rs 23.71 crore in the quarter ended June 2026 as against Rs 27.75 crore during the previous quarter ended June…...
S&P 500 CEO pay jumps to record as Musk-inspired compensation plans spread
1+ mon, 11+ hour ago (394+ words) Business Standard Extraordinary corporate compensation deals for Elon Musk have opened the door for the CEOs of other S&P 500 companies to win??huge paydays, a new study shows Even excluding the CEO of Tesla and SpaceX, average compensation for…...
VinFast's New Calculator Shows the True Cost of EV Ownership
1+ mon, 23+ hour ago (480+ words) Business Standard NewsVoirGurugram (Haryana) [India], August 12: VinFast's new Total Cost of Ownership Calculator helps buyers compare the long-term costs of EVs and gasoline vehicles, turning one of electric mobility's biggest promises into personalized figures that support smarter purchasing and financial…...
Uber intensifies robotaxi plans, shares fall on weak profit forecast
1+ mon, 1+ week ago (193+ words) Uber forecast weaker-than-expected Q3 earnings as it reaffirmed heavy investments in robotaxis and acquisitions despite robust second-quarter demand Uber Technologies forecast current-quarter (Q3) adjusted earnings below Wall Street estimates on Wednesday, saying that foreign exchange would trim bookings growth and reaffirming plans…...
Ather Energy climbs after Q1 loss narrows, EBITDA turns positive
1+ mon, 1+ week ago (405+ words) Ather Energy jumped 14.65% to Rs 1,459.10 after the electric two-wheeler maker reported a sharp improvement in its Q1 FY27 financial performance. Revenue from operations surged 88.8% YoY and 3.6% QoQ to Rs 1,216.92 crore in the quarter ended 30 June 2026. Adjusted gross margin stood at Rs 282 crore,…...
Tesla's profit falls even after record sales: Is Elon Musk's empire cracking?
1+ mon, 2+ week ago (26+ words) Business Standard Tesla's profit falls even after record sales: Is Elon Musk's empire cracking?...