India is ready to offer incentives to ensure Tesla’s cost of production would be less than in China if the carmaker commits to making its electric vehicles in the south Asian country, transport minister Nitin Gadkari told Reuters.
The global semiconductor chip shortage led General Motors (GM) to extend production cuts at three North American plants and add a fourth to the list of factories hit, and Stellantis to warn the pain could linger far into the year.
The production of farm tractors in the country witnessed an increase of 52.87 per cent to 31,199 units during eight months of current financial year 2020-21, against the production of 20,408 units in same period of last year.
UAE residents and visitors would now enjoy more of clean energy as the Unit 1 reactor of the Barakah Nuclear Power Plant in Abu Dhabi has increased its electricity production capacity to 50 per cent.
US airlines temporarily suspended the use of more than 65 Boeing 737 MAX jets on Friday after the planemaker asked 16 carriers that operate the aircraft to address an electrical power system issue.
Mercedes-Benz car maker Daimler AG on Friday raised its profit outlook for 2021, but said the global semiconductor chip shortage may continue to impact sales in the second quarter.
Venezuela’s vaccine rollout has been slow, with the country receiving just 250,000 Russian Sputnik V vaccine doses and half a million from China’s Sinopharm to date.
Dana Gas has announced that natural gas currently constitutes 75 per cent of the company’s production, which is sold under long term gas sale contracts with host governments at prices which are unaffected by falling oil prices.
Carmaker Ford Motor jumped into the emergency push by major US manufacturers to produce thousands of ventilators and respirators needed to help combat the spread of the coronavirus under a partnership code-named ‘Project Apollo’.
Airbus is stopping production and assembly activities at its plants in France and Spain for the next four days as governments there implement new measures to restrict movements and fight the coronavirus outbreak, the planemaker said on Tuesday.