by Jibran Munaf | August 28, 2024 | Automotive, Energy, Green
Ford Motor Company is making a strategic $1.9 billion shift in its electric vehicle (EV) strategy, moving away from its traditional profit centers of large trucks and SUVs. Instead, Ford is focusing on smaller, more affordable EVs and expanding its hybrid models. This...
by Jibran Munaf | August 28, 2024 | Automotive, Breaking, News
Dubai’s road-toll operator, Salik, announced a combined valuation of AED 2.73 billion for its two upcoming toll gates. The new gates—one at Business Bay Crossing on Al Khail Road valued at AED 2.3 billion and another at Al Safa South on Sheikh Zayed Road valued at AED...
by Jibran Munaf | August 27, 2024 | Automotive, News
Canada announced on Monday that it will impose a 100% import tariff on electric vehicles (EVs) manufactured in China, citing concerns about unfair competition. This decision aligns with similar measures recently taken by the United States and the European Union, which...
by Vasu Jit Kalia | July 15, 2024 | Automotive, Industry
New Delhi, July 15 (IANS): India’s homegrown Electric Vehicle (EV) company BluSmart on Monday said it has raised $24 million (about Rs 200 crore) in its pre-series B round. The new funding will help BluSmart expand its operations and build charging...
by Jibran Munaf | July 3, 2024 | Automotive, News
Tesla’s stock (TSLA) surged over 10% on Tuesday after the electric vehicle manufacturer announced quarterly vehicle deliveries that exceeded Wall Street expectations. The company reported delivering 443,956 vehicles in the second quarter, surpassing the analyst...
by Jibran Munaf | June 19, 2024 | Automotive, News
Automaker Responds to Escalating Commodity Costs with Price Adjustment Tata Motors announced on Wednesday that it will increase the prices of its commercial vehicles by up to 2%, effective from July 1, 2024. This decision, outlined in an exchange filing, aims to...
