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    German services sector activity grows at fastest pace in March

    05 Apr 2023

    German services sector activity grew in March at the fastest pace since last May as demand strengthened and spurred job creation, a business survey showed. S&P Global’s final services Purchasing Managers’ Index (PMI) for Germany rose to 53.7 in March from 50.9 in February, climbing well above the 50.0 threshold that separates growth

    VW pledges to double down on EVs in China

    01 Apr 2023

    A senior Volkswagen AG China executive reiterated on Saturday the German automaker’s commitment to quickening the pace of electrification in the world’s second largest economy

    Moderate US economic growth expected in the second quarter

    27 Jul 2023

    The US economy likely maintained a moderate pace of growth in the second quarter as labour market resilience underpinned consumer spending, while businesses boosted investment in equipment and built more factories, potentially keeping a much-feared recession at bay. The Commerce Department’s snapshot of second-quarter

    India’s Tata chooses UK for $5b Jaguar Land Rover gigafactory

    19 Jul 2023

    India’s Tata Group will build an electric vehicle battery plant in Britain to supply its Jaguar Land Rover factories, delivering a major boost for a car industry in need of domestic battery production to help secure its future. The announcement marks Britain’s biggest move in the car gigafactory space as it seeks to keep up with the

    US carmaker Ford to launch 7 new electric models in Europe by 2024

    14 Mar 2022

    US carmaker Ford on Monday unveiled plans for seven new electric models in Europe, a battery-assembly site in Germany and a nickel cell manufacturing joint venture in Turkey as part of a major electric vehicle (EV) push on the continent.

    Indian auto parts makers face job losses

    04 Nov 2022

    In Coimbatore, a city that manufactured one of India’s first homemade diesel engines, K. Rajesh finds himself at a crossroads as automakers rush to produce more electric vehicles (EVs).

    Ford Motor to slash 3,000 jobs as it pivots to a software future

    22 Aug 2022

    Ford Motor Co said it will cut a total of 3,000 salaried and contract jobs, mostly in North America and India, as it restructures to catch up with Tesla

    Tesla recalls more than 2 million EVs in US

    24 Dec 2023

    Tesla, the pioneer electric vehicle (EV) manufacturer, has recalled 120,000 Model S and Model X cars on US roads after it was shown that doors were unlocking during test crash, and that on the non-impact side. The vehicles did not have the lockout option though it was sent through over-the-air

    Eyeing IPO, Volvo Cars to take full control of Chinese business

    21 Jul 2021

    Volvo Cars has struck a deal to buy out parent company Zhejiang Geely Holding from their joint ventures in China, in a move that could make a potential initial public offering (IPO) for the Swedish automaker more attractive to investors.

    Tesla’s China-made EV sales volume fall

    08 Oct 2023

    US automaker Tesla sold 74,073 China-made electric vehicles (EVs) in September, a 10.9% decrease from a year earlier, showed data from the China Passenger Car Association (CPCA) on Sunday.

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