While Tesla CEO Elon Musk’s Cybertruck had dominated headlines for its futuristic design, a new player is getting attention quietly for a very different reason- its low price, as per a report. Slate Auto’s Affordable Electric Pickup Slate Auto, an electric vehicle startup from Michigan with backing from Amazon’s Jeff Bezos, is about to release … Read more
Mahindra & Mahindra (M&M) informed that it’s board has approved acquiring a significant stake in SML Isuzu. M&M is acquiring 59% from the promoter group entire 43.96% of Sumitomo Corporation; and entire 15% of Isuzu Motors Quite surprising the above 59% stake is being acquired @ Rs 650/ share totalling Rs 555 cr. This price … Read more
Goodyear India (GIL) has informed that the parent, The Goodyear Tire & Rubber Co., USA (GTR), is reviewing the farm tire business of the Company to evaluate all strategic, operational and financial opportunities related to that business. In July 2024, GTR sold it’s off-the-road business to Yokohama for $905 million It is now working with … Read more
US President Donald Trump on Wednesday said he was placing 25 per cent tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains. “This will continue to spur growth. We’ll effectively be charging a 25 per … Read more
An emerging movement against Tesla and its CEO Elon Musk has heated up, prompting protests at showrooms throughout the US and Europe, as per a report. Tesla takedown The movement, called “Tesla Takedown,” is urging consumers to shed their Teslas and sell their shares, aiming at Musk’s strong relationships with the Trump administration’s radical government … Read more
CARE has got feedback from Gensol’s lenders that there have been delays in the servicing of term loan obligation and hence the downgrade from BB+ to D. Company had an outstanding debt of Rs 1,150 cr as at December 31, 2024. It had negative operating cash flows during FY 24. During the current year, the … Read more